National Bank Holdings Corporation $NBHC Holdings Decreased by Leeward Investments LLC MA

Leeward Investments LLC MA decreased its position in shares of National Bank Holdings Corporation (NYSE:NBHC) by 5.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 479,837 shares of the financial services provider’s stock after selling 28,918 shares during the quarter. Leeward Investments LLC MA’s holdings in National Bank were worth $18,805,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in NBHC. Illinois Municipal Retirement Fund increased its stake in shares of National Bank by 1.5% during the first quarter. Illinois Municipal Retirement Fund now owns 19,816 shares of the financial services provider’s stock valued at $776,000 after buying an additional 300 shares during the period. Versant Capital Management Inc raised its holdings in shares of National Bank by 108.7% in the third quarter. Versant Capital Management Inc now owns 887 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 462 shares in the last quarter. Nykredit A S bought a new stake in shares of National Bank in the second quarter valued at about $34,000. The Manufacturers Life Insurance Company lifted its stake in National Bank by 5.0% in the first quarter. The Manufacturers Life Insurance Company now owns 17,405 shares of the financial services provider’s stock worth $682,000 after acquiring an additional 826 shares during the period. Finally, Arizona State Retirement System lifted its stake in National Bank by 9.8% in the second quarter. Arizona State Retirement System now owns 11,407 shares of the financial services provider’s stock worth $507,000 after acquiring an additional 1,020 shares during the period. Hedge funds and other institutional investors own 92.65% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on NBHC. Weiss Ratings cut shares of National Bank from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, October 19th. DA Davidson cut their target price on shares of National Bank from $45.00 to $43.00 and set a “buy” rating on the stock in a research report on Monday, October 5th. Stephens lowered shares of National Bank from an “overweight” rating to an “equal weight” rating and set a $46.00 price target for the company. in a report on Thursday, August 6th. Zacks Research raised shares of National Bank from a “strong sell” rating to a “hold” rating in a research report on Monday, October 5th. Finally, Piper Sandler dropped their price objective on shares of National Bank from $49.00 to $45.00 and set an “overweight” rating on the stock in a research note on Thursday, October 15th. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $44.67.

National Bank Stock Down 0.0%

Shares of NYSE NBHC opened at $38.88 on Monday. The company has a current ratio of 0.97, a quick ratio of 0.96 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $1.73 billion, a PE ratio of 16.34 and a beta of 0.84. The stock’s fifty day simple moving average is $40.13 and its two-hundred day simple moving average is $41.94. National Bank Holdings Corporation has a 12-month low of $35.06 and a 12-month high of $47.28.

National Bank Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Friday, August 28th were paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date was Friday, August 28th. National Bank’s dividend payout ratio is 53.78%.

National Bank Profile

National Bank Holdings Corporation (NYSE: NBHC) is a bank holding company that operates through its principal subsidiary, NBH Bank. The company provides community banking services to businesses, individuals and institutions, with a focus on relationship-based banking and local market expertise.

NBH Bank offers a range of financial products and services, including commercial and small-business loans, consumer lending, residential real estate financing, business and personal deposit accounts, treasury management, online and mobile banking, and wealth management services.