NBH Bank Invests $1.97 Million in Cummins Inc. $CMI

NBH Bank recently acquired a new position in Cummins Inc. (NYSE:CMI), purchasing 2,768 shares valued at approximately $1.97 million, making it 0.8% of the bank's portfolio. Cummins reported quarterly revenue of $9.46 billion, a 9.4% year-over-year increase, although its earnings per share missed estimates. The company also raised its quarterly dividend to $2.20, representing an annualized yield of 1.6%, and analysts maintain a "Moderate Buy" rating with a consensus price target of $764.54.