Jackson Hole Capital Partners LLC acquired a new stake in shares of National Bank Holdings Co. (NYSE:NBHC - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 471,539 shares of the financial services provider's stock, valued at approximately $17,537,000. National Bank comprises approximately 4.5% of Jackson Hole Capital Partners LLC's portfolio, making the stock its 2nd largest holding. Jackson Hole Capital Partners LLC owned 1.25% of National Bank as of its most recent SEC filing.
Other large investors have also made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in National Bank by 15.6% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,924 shares of the financial services provider's stock worth $295,000 after buying an additional 1,067 shares during the last quarter. Everence Capital Management Inc. acquired a new stake in National Bank in the 4th quarter worth about $244,000. Louisiana State Employees Retirement System acquired a new stake in National Bank in the 4th quarter worth about $703,000. Mutual of America Capital Management LLC acquired a new stake in National Bank in the 4th quarter worth about $246,000. Finally, Arizona State Retirement System boosted its stake in National Bank by 22.8% in the 4th quarter. Arizona State Retirement System now owns 10,545 shares of the financial services provider's stock worth $392,000 after buying an additional 1,956 shares during the last quarter. Institutional investors and hedge funds own 92.65% of the company's stock.
National Bank Stock Down 2.2 %
Shares of NYSE:NBHC traded down $0.76 during mid-day trading on Thursday, hitting $33.64. 193,987 shares of the company traded hands, compared to its average volume of 166,519. The firm has a market cap of $1.27 billion, a P/E ratio of 9.23 and a beta of 0.84. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.95 and a current ratio of 0.95. National Bank Holdings Co. has a 52-week low of $26.48 and a 52-week high of $38.71. The firm's 50 day simple moving average is $34.19 and its 200 day simple moving average is $34.08.
National Bank (NYSE:NBHC - Get Free Report) last announced its earnings results on Wednesday, April 24th. The financial services provider reported $0.82 EPS for the quarter, beating the consensus estimate of $0.79 by $0.03. The business had revenue of $149.43 million for the quarter, compared to the consensus estimate of $101.98 million. National Bank had a return on equity of 12.20% and a net margin of 25.40%. During the same period last year, the business posted $1.06 EPS. On average, equities analysts anticipate that National Bank Holdings Co. will post 3.33 EPS for the current year.
Wall Street Analysts Forecast Growth
Several research firms have recently weighed in on NBHC. Piper Sandler lifted their price objective on National Bank from $40.00 to $41.00 and gave the company an "overweight" rating in a research note on Thursday, January 25th. TheStreet lowered National Bank from a "b" rating to a "c+" rating in a research note on Monday, March 18th. Finally, StockNews.com raised National Bank from a "sell" rating to a "hold" rating in a research note on Saturday, April 20th.
View Our Latest Stock Analysis on NBHC
About National Bank
(
Free Report)
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.
Read More
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider National Bank, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and National Bank wasn't on the list.
While National Bank currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat's analysts have just released their top five short plays for May 2024. Learn which stocks have the most short interest and how to trade them. Click the link below to see which companies made the list.
Get This Free Report
