National Bank Holdings Corporation (NYSE:NBHC) Shares Purchased by Leeward Investments LLC MA

Leeward Investments LLC MA raised its position in shares of National Bank Holdings Corporation (NYSE:NBHC - Free Report) by 12.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 390,439 shares of the financial services provider's stock after acquiring an additional 41,828 shares during the period. Leeward Investments LLC MA owned approximately 1.03% of National Bank worth $14,942,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Quarry LP increased its position in shares of National Bank by 503.1% during the 4th quarter. Quarry LP now owns 971 shares of the financial services provider's stock valued at $42,000 after purchasing an additional 810 shares during the last quarter. Sterling Capital Management LLC raised its holdings in National Bank by 815.5% during the 4th quarter. Sterling Capital Management LLC now owns 1,181 shares of the financial services provider's stock valued at $51,000 after buying an additional 1,052 shares during the period. Aquatic Capital Management LLC purchased a new stake in National Bank during the 4th quarter valued at $174,000. Wealth Enhancement Advisory Services LLC purchased a new stake in National Bank during the 4th quarter valued at $230,000. Finally, iSAM Funds UK Ltd purchased a new stake in National Bank during the 4th quarter valued at $246,000. 92.65% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have weighed in on NBHC. DA Davidson reduced their target price on National Bank from $46.00 to $42.00 and set a "buy" rating on the stock in a research note on Wednesday, April 23rd. Hovde Group cut their target price on National Bank from $43.00 to $39.00 and set a "market perform" rating on the stock in a research note on Thursday, April 24th. Finally, Wall Street Zen lowered National Bank from a "hold" rating to a "sell" rating in a research note on Friday, May 2nd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat, National Bank currently has a consensus rating of "Hold" and an average target price of $46.00.

National Bank Stock Down 1.4%

Shares of NBHC stock traded down $0.57 during trading hours on Monday, reaching $39.47. 203,148 shares of the company's stock were exchanged, compared to its average volume of 226,867. National Bank Holdings Corporation has a 1 year low of $32.83 and a 1 year high of $51.76. The stock has a market cap of $1.50 billion, a PE ratio of 13.61 and a beta of 0.77. The company has a current ratio of 0.93, a quick ratio of 0.92 and a debt-to-equity ratio of 0.10. The stock's fifty day moving average price is $37.14 and its two-hundred day moving average price is $39.21.

National Bank (NYSE:NBHC - Get Free Report) last announced its quarterly earnings results on Tuesday, April 22nd. The financial services provider reported $0.63 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.76 by ($0.13). The company had revenue of $102.07 million during the quarter, compared to analyst estimates of $107.47 million. National Bank had a net margin of 18.75% and a return on equity of 9.02%. During the same period in the previous year, the firm posted $0.82 earnings per share. Research analysts predict that National Bank Holdings Corporation will post 3.31 EPS for the current year.

National Bank Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 30th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 3.04%. This is a boost from National Bank's previous quarterly dividend of $0.29. The ex-dividend date was Friday, May 30th. National Bank's payout ratio is presently 41.38%.

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.