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. bought a new position in National Bank Holdings Corporation (NYSE:NBHC - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 14,011 shares of the financial services provider's stock, valued at approximately $536,000.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Focus Partners Advisor Solutions LLC boosted its position in shares of National Bank by 0.3% in the first quarter. Focus Partners Advisor Solutions LLC now owns 107,104 shares of the financial services provider's stock worth $4,099,000 after buying an additional 288 shares during the period. Quarry LP boosted its position in shares of National Bank by 40.3% in the first quarter. Quarry LP now owns 1,362 shares of the financial services provider's stock worth $52,000 after buying an additional 391 shares during the period. CWM LLC boosted its position in shares of National Bank by 158.4% in the first quarter. CWM LLC now owns 783 shares of the financial services provider's stock worth $30,000 after buying an additional 480 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of National Bank by 3.5% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,987 shares of the financial services provider's stock worth $904,000 after buying an additional 715 shares during the period. Finally, Moody National Bank Trust Division boosted its position in shares of National Bank by 5.2% in the first quarter. Moody National Bank Trust Division now owns 29,852 shares of the financial services provider's stock worth $1,142,000 after buying an additional 1,482 shares during the period. Institutional investors and hedge funds own 92.65% of the company's stock.

National Bank Stock Down 0.9%

Shares of NYSE:NBHC traded down $0.34 on Tuesday, reaching $37.62. The company had a trading volume of 584,172 shares, compared to its average volume of 260,807. National Bank Holdings Corporation has a twelve month low of $32.83 and a twelve month high of $51.76. The stock has a 50-day moving average price of $38.60 and a 200 day moving average price of $37.70. The stock has a market capitalization of $1.43 billion, a P/E ratio of 12.14 and a beta of 0.78. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.18.

National Bank (NYSE:NBHC - Get Free Report) last announced its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $0.88 earnings per share for the quarter, topping analysts' consensus estimates of $0.82 by $0.06. National Bank had a return on equity of 9.44% and a net margin of 20.02%.The company had revenue of $104.48 million during the quarter, compared to analysts' expectations of $110.36 million. During the same quarter in the previous year, the firm earned $0.68 earnings per share. The business's quarterly revenue was up 7.0% compared to the same quarter last year. On average, equities analysts expect that National Bank Holdings Corporation will post 3.31 EPS for the current year.

National Bank Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Stockholders 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) dividend on an annualized basis and a dividend yield of -3.2%. National Bank's payout ratio is presently 38.71%.

Analysts Set New Price Targets

A number of analysts recently issued reports on NBHC shares. Wall Street Zen raised National Bank from a "strong sell" rating to a "hold" rating in a research report on Saturday, July 26th. Hovde Group lifted their price objective on National Bank from $39.00 to $42.00 and gave the company a "market perform" rating in a research report on Thursday, July 24th. DA Davidson lifted their price objective on National Bank from $42.00 to $45.00 and gave the company a "buy" rating in a research report on Thursday, July 24th. Finally, Zacks Research raised National Bank from a "hold" rating to a "strong-buy" rating in a research report on Monday, September 1st. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat, National Bank has a consensus rating of "Moderate Buy" and a consensus target price of $47.20.

National Bank Company Profile

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.