National Bank Holdings Corporation (NYSE:NBHC) Short Interest Update

National Bank Holdings Corporation (NYSE:NBHC) was the target of a significant growth in short interest in the month of January. As of January 30th, there was short interest totaling 1,029,767 shares, a growth of 29.6% from the January 15th total of 794,439 shares. Based on an average daily volume of 517,000 shares, the short-interest ratio is currently 2.0 days. Currently, 2.8% of the company’s shares are sold short. Currently, 2.8% of the company’s shares are sold short. Based on an average daily volume of 517,000 shares, the short-interest ratio is currently 2.0 days.

National Bank Stock Performance

National Bank stock traded down $0.08 during trading on Tuesday, hitting $41.76. The stock had a trading volume of 349,585 shares, compared to its average volume of 470,486. The stock has a market cap of $1.58 billion, a price-to-earnings ratio of 14.65 and a beta of 0.81. The stock’s 50 day moving average is $40.17 and its two-hundred day moving average is $38.62. The company has a quick ratio of 0.93, a current ratio of 0.94 and a debt-to-equity ratio of 0.04. National Bank has a 1 year low of $32.83 and a 1 year high of $43.44.

National Bank (NYSE:NBHC) last issued its earnings results on Tuesday, January 27th. The financial services provider reported $0.60 earnings per share for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.27). The business had revenue of $100.64 million for the quarter, compared to the consensus estimate of $107.48 million. National Bank had a return on equity of 8.65% and a net margin of 18.66%.During the same quarter in the prior year, the business earned $0.86 EPS. As a group, analysts predict that National Bank will post 3.31 EPS for the current year.

National Bank Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 27th will be issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend is Friday, February 27th. This is a boost from National Bank’s previous quarterly dividend of $0.31. National Bank’s payout ratio is presently 43.51%.

Insiders Place Their Bets

In other National Bank news, insider John Steinmetz purchased 24,200 shares of the business’s stock in a transaction on Wednesday, February 11th. The shares were purchased at an average cost of $41.41 per share, for a total transaction of $1,002,122.00. Following the acquisition, the insider owned 536,504 shares of the company’s stock, valued at approximately $22,216,630.64. This represents a 4.72% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.90% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. New York State Common Retirement Fund grew its holdings in shares of National Bank by 336.6% during the third quarter. New York State Common Retirement Fund now owns 56,373 shares of the financial services provider’s stock worth $2,178,000 after purchasing an additional 43,462 shares in the last quarter. AlphaQuest LLC raised its position in National Bank by 110.4% during the third quarter. AlphaQuest LLC now owns 43,045 shares of the financial services provider’s stock valued at $1,663,000 after purchasing an additional 22,583 shares in the last quarter. Y Intercept Hong Kong Ltd lifted its stake in National Bank by 97.9% during the third quarter. Y Intercept Hong Kong Ltd now owns 80,567 shares of the financial services provider’s stock worth $3,113,000 after purchasing an additional 39,848 shares during the last quarter. Deprince Race & Zollo Inc. purchased a new position in shares of National Bank in the 3rd quarter worth about $14,240,000. Finally, Assenagon Asset Management S.A. bought a new position in shares of National Bank during the 3rd quarter valued at about $25,869,000. 92.65% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on NBHC. Wall Street Zen lowered National Bank from a “hold” rating to a “sell” rating in a research report on Saturday, January 31st. Zacks Research raised National Bank from a “strong sell” rating to a “hold” rating in a report on Monday, December 22nd. Weiss Ratings reissued a “hold (c)” rating on shares of National Bank in a research note on Thursday, January 22nd. Stephens raised National Bank from an “equal weight” rating to an “overweight” rating and set a $42.00 target price on the stock in a research report on Monday, November 10th. Finally, DA Davidson reissued a “buy” rating and issued a $46.00 price target on shares of National Bank in a research report on Wednesday, January 28th. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $44.75.

National Bank Company Profile

National Bank Holdings Corporation (NYSE: NBHC) is a diversified financial services holding company headquartered in Cape Girardeau, Missouri. Through its network of community bank subsidiaries, the company provides deposit, lending and payment solutions to consumer, small business and commercial clients across multiple U.S. markets.

Since its founding in 1992, National Bank Holdings has pursued a growth strategy focused on acquiring and integrating locally branded community banks. Its footprint spans the Midwest and Southern United States, including Missouri, Kansas, Oklahoma, Texas, Colorado, Illinois and Tennessee.