Illinois Municipal Retirement Fund Lowers Holdings in National Bank Holdings Co. (NYSE:NBHC)

Illinois Municipal Retirement Fund cut its stake in shares of National Bank Holdings Co. (NYSE:NBHC) by 5.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 21,002 shares of the financial services provider’s stock after selling 1,162 shares during the quarter. Illinois Municipal Retirement Fund owned about 0.06% of National Bank worth $781,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. SG Americas Securities LLC lifted its position in National Bank by 150.0% in the 3rd quarter. SG Americas Securities LLC now owns 25,089 shares of the financial services provider’s stock valued at $747,000 after acquiring an additional 15,054 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in National Bank by 45.5% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,857 shares of the financial services provider’s stock worth $204,000 after buying an additional 2,145 shares during the last quarter. Teacher Retirement System of Texas bought a new position in National Bank during the 3rd quarter valued at about $275,000. Victory Capital Management Inc. boosted its holdings in shares of National Bank by 29.0% during the 3rd quarter. Victory Capital Management Inc. now owns 18,533 shares of the financial services provider’s stock valued at $552,000 after acquiring an additional 4,162 shares during the last quarter. Finally, Assenagon Asset Management S.A. grew its stake in shares of National Bank by 353.3% in the third quarter. Assenagon Asset Management S.A. now owns 201,893 shares of the financial services provider’s stock worth $6,008,000 after acquiring an additional 157,359 shares during the period. Hedge funds and other institutional investors own 92.65% of the company’s stock.

National Bank Stock Performance

Shares of NBHC opened at $33.36 on Tuesday. National Bank Holdings Co. has a 52 week low of $26.48 and a 52 week high of $38.71. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.04. The stock has a market cap of $1.26 billion, a price-to-earnings ratio of 9.59 and a beta of 0.84. The business has a 50-day simple moving average of $34.12 and a two-hundred day simple moving average of $34.16.

National Bank (NYSE:NBHC) last released its earnings results on Wednesday, April 24th. The financial services provider reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.03. The company had revenue of $149.43 million for the quarter, compared to analysts’ expectations of $101.98 million. National Bank had a net margin of 22.94% and a return on equity of 11.20%. During the same quarter last year, the business earned $1.06 EPS. On average, analysts expect that National Bank Holdings Co. will post 3.33 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. StockNews.com cut shares of National Bank from a “hold” rating to a “sell” rating in a report on Sunday. Hovde Group lowered their target price on National Bank from $45.00 to $40.50 and set an “outperform” rating on the stock in a report on Monday. TheStreet downgraded National Bank from a “b” rating to a “c+” rating in a research note on Monday, March 18th. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $39.00 price objective (down previously from $40.00) on shares of National Bank in a research note on Friday. Finally, Piper Sandler boosted their target price on shares of National Bank from $40.00 to $41.00 and gave the company an “overweight” rating in a research report on Thursday, January 25th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, National Bank presently has a consensus rating of “Hold” and an average price target of $38.63.

National Bank Profile

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.