Swiss National Bank Has $1,444,000 Position in National Bank Holdings Corporation (NBHC)

Swiss National Bank held its stake in shares of National Bank Holdings Corporation (NYSE:NBHC) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 43,600 shares of the financial services provider’s stock at the close of the 2nd quarter. Swiss National Bank owned 0.16% of National Bank Holdings Corporation worth $1,444,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the company. First Manhattan Co. bought a new position in National Bank Holdings Corporation in the second quarter valued at about $163,000. State of Alaska Department of Revenue boosted its holdings in National Bank Holdings Corporation by 79.3% in the second quarter. State of Alaska Department of Revenue now owns 5,270 shares of the financial services provider’s stock valued at $174,000 after acquiring an additional 2,330 shares during the last quarter. Victory Capital Management Inc. bought a new position in National Bank Holdings Corporation in the first quarter valued at about $179,000. Mason Street Advisors LLC boosted its holdings in National Bank Holdings Corporation by 9.7% in the first quarter. Mason Street Advisors LLC now owns 6,222 shares of the financial services provider’s stock valued at $202,000 after acquiring an additional 549 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan boosted its holdings in National Bank Holdings Corporation by 6.4% in the second quarter. Municipal Employees Retirement System of Michigan now owns 6,280 shares of the financial services provider’s stock valued at $208,000 after acquiring an additional 380 shares during the last quarter. Institutional investors own 94.60% of the company’s stock.

NBHC has been the topic of several recent research reports. Zacks Investment Research cut National Bank Holdings Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, August 30th. Stephens set a $34.00 price target on National Bank Holdings Corporation and gave the company a “hold” rating in a report on Monday, June 26th. BidaskClub upgraded National Bank Holdings Corporation from a “sell” rating to a “hold” rating in a report on Saturday, September 23rd. Sandler O’Neill upgraded National Bank Holdings Corporation from a “hold” rating to a “buy” rating and set a $36.00 price target on the stock in a report on Friday, August 18th. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $35.00 price target on shares of National Bank Holdings Corporation in a report on Monday, June 26th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $35.00.

National Bank Holdings Corporation (NYSE NBHC) opened at 36.62 on Wednesday. The company has a 50-day moving average price of $33.48 and a 200 day moving average price of $32.68. National Bank Holdings Corporation has a 12-month low of $22.69 and a 12-month high of $37.00. The company has a market cap of $981.09 million, a PE ratio of 28.83 and a beta of 0.69.

National Bank Holdings Corporation (NYSE:NBHC) last issued its earnings results on Thursday, July 20th. The financial services provider reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.05. National Bank Holdings Corporation had a return on equity of 6.60% and a net margin of 17.64%. The business had revenue of $48.85 million during the quarter, compared to analysts’ expectations of $48.30 million. During the same quarter in the prior year, the firm earned $0.15 EPS. On average, analysts forecast that National Bank Holdings Corporation will post $1.23 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, August 25th were issued a $0.09 dividend. The ex-dividend date was Wednesday, August 23rd. This represents a $0.36 dividend on an annualized basis and a yield of 0.98%. National Bank Holdings Corporation’s payout ratio is presently 27.91%.

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National Bank Holdings Corporation Company Profile

National Bank Holdings Corporation (NBH) is a bank holding company. Through Bank Midwest, N.A. (Bank Midwest), NBH’s primary business is to offer a range of products and financial services to both its commercial and consumer customers, located in Kansas, Missouri and Colorado. The Company offers an array of lending products to cater to the customers’ needs, including, but not limited to, small business loans, equipment loans, term loans, asset-backed loans, letters of credit, commercial lines of credit, residential mortgage loans, home equity and consumer loans.

Institutional Ownership by Quarter for National Bank Holdings Corporation (NYSE:NBHC)

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