Piermont Capital Management Inc. Purchased Shares of 24,310 National Bank Stake Corp (NBHC)

Piermont Capital Management Inc. Purchased Shares of 24,310 National Bank Stake Corp (NBHC)

Piermont Capital Management Inc. purchased a new position in National Bank Holdings Corp (NYSE:NBHC) during the first quarter, Holdings Channel reports. The firm purchased 24,310 shares of the financial services provider’s stock, valued at approximately $790,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Russell Investments Group Ltd. acquired a new position in shares of National Bank Holdings Corp during the fourth quarter worth $13,307,000. Dimensional Fund Advisors LP raised its position in shares of National Bank Holdings Corp by 13.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,098,956 shares of the financial services provider’s stock worth $66,936,000 after buying an additional 242,943 shares in the last quarter. State Street Corp raised its position in shares of National Bank Holdings Corp by 38.7% in the fourth quarter. State Street Corp now owns 814,734 shares of the financial services provider’s stock worth $25,977,000 after buying an additional 227,500 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of National Bank Holdings Corp by 21.9% in the fourth quarter. Renaissance Technologies LLC now owns 1,251,600 shares of the financial services provider’s stock worth $39,914,000 after buying an additional 224,700 shares in the last quarter. Finally, Thrivent Financial for Lutherans raised its position in shares of National Bank Holdings Corp by 53.6% in the fourth quarter. Thrivent Financial for Lutherans now owns 624,200 shares of the financial services provider’s stock worth $19,906,000 after buying an additional 217,800 shares in the last quarter. 96.39% of the stock is currently owned by institutional investors.

National Bank Holdings Corp (NYSE:NBHC) traded down 0.48% during mid-day trading on Friday, hitting $30.96. The stock had a trading volume of 98,610 shares. National Bank Holdings Corp has a one year low of $19.46 and a one year high of $34.10. The firm’s 50-day moving average is $31.57 and its 200 day moving average is $31.39. The stock has a market cap of $829.17 million, a PE ratio of 28.46 and a beta of 0.67.

National Bank Holdings Corp (NYSE:NBHC) last issued its earnings results on Thursday, April 20th. The financial services provider reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.07. The company had revenue of $43.42 million during the quarter, compared to analyst estimates of $46.30 million. National Bank Holdings Corp had a net margin of 11.50% and a return on equity of 5.19%. During the same quarter last year, the business posted $0.01 EPS. Equities research analysts expect that National Bank Holdings Corp will post $1.18 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 15th. Shareholders of record on Friday, May 26th will be paid a dividend of $0.09 per share. The ex-dividend date is Wednesday, May 24th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.16%. This is a positive change from National Bank Holdings Corp’s previous quarterly dividend of $0.07. National Bank Holdings Corp’s dividend payout ratio (DPR) is 34.15%.

A number of research analysts have weighed in on NBHC shares. Stephens lowered National Bank Holdings Corp from an “overweight” rating to an “equal weight” rating in a research note on Thursday, April 20th. Zacks Investment Research raised National Bank Holdings Corp from a “hold” rating to a “buy” rating and set a $36.00 price target on the stock in a research note on Wednesday, April 26th.

About National Bank Holdings Corp

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NBHC”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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