Adams Diversified Equity Fund Inc. Invests $1.06 Million in National Bank Holdings Corporation (NBHC) Stock

Adams Diversified Equity Fund Inc. acquired a new position in National Bank Holdings Corporation (NYSE:NBHC) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 29,800 shares of the financial services provider’s stock, valued at approximately $1,064,000. Adams Diversified Equity Fund Inc. owned 0.11% of National Bank Holdings Corporation at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the stock. Crossmark Global Holdings Inc. purchased a new stake in National Bank Holdings Corporation in the 3rd quarter worth about $326,000. BW Gestao de Investimentos Ltda. increased its position in shares of National Bank Holdings Corporation by 35.3% during the second quarter. BW Gestao de Investimentos Ltda. now owns 12,672 shares of the financial services provider’s stock worth $420,000 after acquiring an additional 3,307 shares during the period. The Manufacturers Life Insurance Company increased its position in shares of National Bank Holdings Corporation by 2.4% during the second quarter. The Manufacturers Life Insurance Company now owns 18,868 shares of the financial services provider’s stock worth $625,000 after acquiring an additional 435 shares during the period. Cubist Systematic Strategies LLC purchased a new position in shares of National Bank Holdings Corporation during the second quarter worth approximately $201,000. Finally, Voya Investment Management LLC increased its position in shares of National Bank Holdings Corporation by 5.7% during the second quarter. Voya Investment Management LLC now owns 16,904 shares of the financial services provider’s stock worth $560,000 after acquiring an additional 908 shares during the period. 94.57% of the stock is currently owned by institutional investors.

Shares of National Bank Holdings Corporation (NYSE NBHC) traded down 0.64% during trading on Wednesday, hitting $32.61. 51,360 shares of the stock were exchanged. The company has a market cap of $873.65 million, a price-to-earnings ratio of 25.68 and a beta of 0.69. National Bank Holdings Corporation has a one year low of $23.56 and a one year high of $37.08. The stock’s 50 day moving average price is $34.46 and its 200-day moving average price is $32.93.

National Bank Holdings Corporation (NYSE:NBHC) last issued its quarterly earnings data on Wednesday, October 18th. The financial services provider reported $0.26 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.04). National Bank Holdings Corporation had a return on equity of 6.40% and a net margin of 17.13%. The company had revenue of $47.45 million during the quarter, compared to analyst estimates of $48.90 million. During the same quarter in the prior year, the company posted $0.30 earnings per share. On average, analysts predict that National Bank Holdings Corporation will post $1.19 EPS for the current year.

A number of equities analysts have recently commented on the stock. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $35.00 target price on shares of National Bank Holdings Corporation in a research report on Friday, October 20th. Zacks Investment Research lowered shares of National Bank Holdings Corporation from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 24th. BidaskClub lowered shares of National Bank Holdings Corporation from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 12th. Sandler O’Neill raised shares of National Bank Holdings Corporation from a “hold” rating to a “buy” rating and set a $36.00 target price on the stock in a research report on Friday, August 18th. Finally, Piper Jaffray Companies assumed coverage on shares of National Bank Holdings Corporation in a research report on Tuesday, July 11th. They set a “neutral” rating and a $35.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $35.00.

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About National Bank Holdings Corporation

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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