Jacobs Levy Equity Management Inc. Invests $536,000 in National Bank Holdings Corporation $NBHC

Key Points

• Jacobs Levy Equity Management Inc. has made a new investment in National Bank Holdings Corporation, purchasing 14,011 shares valued at approximately $536,000.
• The company's quarterly earnings showed an EPS of $0.88, exceeding analysts' estimates, although its revenue of $104.48 million fell short of predictions.
• National Bank has recently announced a dividend cut, with a quarterly payment of $-0.30, representing a yield of -3.1% and a dividend payout ratio of 38.71%.

Jacobs Levy Equity Management Inc. purchased a new position in shares of National Bank Holdings Corporation (NYSE:NBHC - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 14,011 shares of the financial services provider's stock, valued at approximately $536,000.

Other large investors have also made changes to their positions in the company. CWM LLC increased its position in shares of National Bank by 158.4% during the first quarter. CWM LLC now owns 783 shares of the financial services provider's stock worth $30,000 after purchasing an additional 480 shares in the last quarter. Quarry LP grew its holdings in shares of National Bank by 40.3% during the first quarter. Quarry LP now owns 1,362 shares of the financial services provider's stock valued at $52,000 after buying an additional 391 shares during the last quarter. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of National Bank during the fourth quarter valued at $230,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of National Bank during the first quarter valued at $217,000. Finally, iSAM Funds UK Ltd purchased a new stake in shares of National Bank during the fourth quarter valued at $246,000. 92.65% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Wall Street Zen raised shares of National Bank from a "strong sell" rating to a "hold" rating in a report on Saturday, July 26th. Zacks Research raised shares of National Bank from a "hold" rating to a "strong-buy" rating in a report on Monday, September 1st. Hovde Group raised shares of National Bank from a "market perform" rating to an "outperform" rating and set a $46.00 price objective on the stock in a report on Thursday. Keefe, Bruyette & Woods boosted their price objective on shares of National Bank from $44.00 to $45.00 and gave the company a "market perform" rating in a report on Wednesday. Finally, DA Davidson boosted their price objective on shares of National Bank from $42.00 to $45.00 and gave the company a "buy" rating in a report on Thursday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $46.60.

National Bank Trading Up 7.1%

National Bank stock traded up $2.74 during trading on Thursday, hitting $41.60. The company had a trading volume of 729,684 shares, compared to its average volume of 306,002. National Bank Holdings Corporation has a 1-year low of $32.83 and a 1-year high of $51.76. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.18. The company's 50 day simple moving average is $38.57 and its 200-day simple moving average is $37.71. The stock has a market cap of $1.58 billion, a price-to-earnings ratio of 13.42 and a beta of 0.78.

National Bank (NYSE:NBHC - Get Free Report) last posted its earnings results on Tuesday, July 22nd. The financial services provider reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.06. The firm had revenue of $104.48 million during the quarter, compared to the consensus estimate of $110.36 million. National Bank had a net margin of 20.02% and a return on equity of 9.44%. The firm's revenue for the quarter was up 7.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.68 EPS. As a group, analysts expect that National Bank Holdings Corporation will post 3.31 EPS for the current fiscal year.

National Bank Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, August 29th were paid a $-0.30 dividend. The ex-dividend date was Friday, August 29th. This represents a ($1.20) annualized dividend and a dividend yield of -2.9%. National Bank's payout ratio is 38.71%.

About National Bank

National Bank Holdings Corporation operates as the bank holding company for NBH Bank that provides various banking products and financial services to commercial, business, and consumer clients in the United States. It offers deposit products, including checking, savings, money market, and other deposit accounts, including fixed-rate and fixed maturity time deposits.