Tudor Investment Corp ET AL Acquires 98,229 Shares of National Bank Holdings Corporation $NBHC

Tudor Investment Corp ET AL boosted its holdings in shares of National Bank Holdings Corporation (NYSE:NBHC) by 87.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 210,330 shares of the financial services provider’s stock after purchasing an additional 98,229 shares during the quarter. Tudor Investment Corp ET AL owned about 0.56% of National Bank worth $8,127,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Aster Capital Management DIFC Ltd raised its stake in National Bank by 650.9% during the 3rd quarter. Aster Capital Management DIFC Ltd now owns 796 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 690 shares during the period. Quarry LP increased its holdings in shares of National Bank by 50.8% in the third quarter. Quarry LP now owns 1,819 shares of the financial services provider’s stock worth $70,000 after purchasing an additional 613 shares during the last quarter. Tower Research Capital LLC TRC increased its holdings in shares of National Bank by 131.3% in the second quarter. Tower Research Capital LLC TRC now owns 3,395 shares of the financial services provider’s stock worth $128,000 after purchasing an additional 1,927 shares during the last quarter. Savant Capital LLC bought a new stake in shares of National Bank in the third quarter worth about $211,000. Finally, Creative Planning bought a new stake in National Bank in the 3rd quarter worth approximately $222,000. Institutional investors own 92.65% of the company’s stock.

Insider Activity at National Bank

In related news, insider John Steinmetz bought 24,200 shares of the company’s stock in a transaction dated Wednesday, February 11th. The stock was purchased at an average price of $41.41 per share, for a total transaction of $1,002,122.00. Following the acquisition, the insider owned 536,504 shares in the company, valued at $22,216,630.64. This trade represents a 4.72% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 2.90% of the company’s stock.

National Bank Price Performance

Shares of National Bank stock opened at $40.12 on Tuesday. The stock has a market cap of $1.81 billion, a price-to-earnings ratio of 14.08 and a beta of 0.78. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.93 and a current ratio of 0.94. The stock has a 50 day moving average price of $40.10 and a 200-day moving average price of $38.93. National Bank Holdings Corporation has a one year low of $32.83 and a one year high of $42.99.

National Bank (NYSE:NBHC) last announced its earnings results on Tuesday, January 27th. The financial services provider reported $0.60 EPS for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.27). The company had revenue of $99.08 million during the quarter, compared to analysts’ expectations of $107.48 million. National Bank had a return on equity of 8.65% and a net margin of 18.66%.During the same quarter last year, the firm posted $0.86 EPS. Equities analysts expect that National Bank Holdings Corporation will post 3.31 EPS for the current year.

National Bank Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Friday, February 27th were issued a $0.32 dividend. This is a positive change from National Bank’s previous quarterly dividend of $0.31. The ex-dividend date was Friday, February 27th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.2%. National Bank’s dividend payout ratio (DPR) is presently 44.91%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. DA Davidson reaffirmed a “buy” rating and issued a $46.00 price objective on shares of National Bank in a research note on Monday. Piper Sandler assumed coverage on National Bank in a research note on Wednesday, March 25th. They issued an “overweight” rating and a $48.00 price objective on the stock. Zacks Research raised National Bank from a “strong sell” rating to a “hold” rating in a research note on Monday, December 22nd. Wall Street Zen downgraded National Bank from a “hold” rating to a “sell” rating in a research note on Saturday, January 31st. Finally, Weiss Ratings raised National Bank from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, March 30th. Five research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $45.40.

About National Bank

National Bank Holdings Corporation (NYSE: NBHC) is a diversified financial services holding company headquartered in Cape Girardeau, Missouri. Through its network of community bank subsidiaries, the company provides deposit, lending and payment solutions to consumer, small business and commercial clients across multiple U.S. markets.

Since its founding in 1992, National Bank Holdings has pursued a growth strategy focused on acquiring and integrating locally branded community banks. Its footprint spans the Midwest and Southern United States, including Missouri, Kansas, Oklahoma, Texas, Colorado, Illinois and Tennessee.