Numerai GP LLC Lowers Stake in National Bank Holdings Corporation $NBHC

Numerai GP LLC cut its holdings in shares of National Bank Holdings Corporation (NYSE:NBHC) by 19.1% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 96,473 shares of the financial services provider’s stock after selling 22,830 shares during the period. Numerai GP LLC’s holdings in National Bank were worth $3,728,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. New York State Common Retirement Fund boosted its position in 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 increased its position in shares of National Bank by 110.4% in the third quarter. AlphaQuest LLC now owns 43,045 shares of the financial services provider’s stock valued at $1,663,000 after buying an additional 22,583 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of National Bank by 62.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 231,916 shares of the financial services provider’s stock worth $8,961,000 after buying an additional 88,876 shares during the period. Y Intercept Hong Kong Ltd lifted its position in shares of National Bank by 97.9% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 80,567 shares of the financial services provider’s stock valued at $3,113,000 after buying an additional 39,848 shares in the last quarter. Finally, Deprince Race & Zollo Inc. purchased a new position in shares of National Bank during the 3rd quarter valued at approximately $14,240,000. Hedge funds and other institutional investors own 92.65% of the company’s stock.

National Bank Stock Performance

Shares of NYSE:NBHC opened at $39.05 on Tuesday. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.94 and a quick ratio of 0.93. National Bank Holdings Corporation has a 1 year low of $32.83 and a 1 year high of $42.99. The firm has a market capitalization of $1.76 billion, a PE ratio of 13.70 and a beta of 0.79. The business’s 50 day moving average price is $40.60 and its 200-day moving average price is $38.95.

National Bank (NYSE:NBHC) last posted its quarterly earnings data on Tuesday, January 27th. The financial services provider reported $0.60 EPS for the quarter, missing the consensus estimate of $0.87 by ($0.27). The firm had revenue of $99.08 million during the quarter, compared to analyst estimates of $107.48 million. National Bank had a net margin of 18.66% and a return on equity of 8.65%. During the same period in the prior year, the company posted $0.86 earnings per share. As a group, equities research analysts expect that National Bank Holdings Corporation will post 3.31 earnings per share for the current fiscal year.

National Bank Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Friday, February 27th were given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.3%. This is a positive change from National Bank’s previous quarterly dividend of $0.31. The ex-dividend date was Friday, February 27th. National Bank’s dividend payout ratio (DPR) is currently 44.91%.

Insider Buying and Selling at National Bank

In other National Bank news, insider John Steinmetz purchased 24,200 shares of the firm’s stock in a transaction dated Wednesday, February 11th. The shares were purchased at an average cost of $41.41 per share, with a total value of $1,002,122.00. Following the completion of the purchase, the insider owned 536,504 shares in the company, valued at approximately $22,216,630.64. This represents a 4.72% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 2.90% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on NBHC. DA Davidson reissued a “buy” rating and issued a $48.00 price target on shares of National Bank in a report on Thursday, February 19th. Zacks Research raised shares of National Bank from a “strong sell” rating to a “hold” rating in a report on Monday, December 22nd. Weiss Ratings reiterated a “hold (c)” rating on shares of National Bank in a research report on Thursday, January 22nd. Finally, Wall Street Zen cut shares of National Bank from a “hold” rating to a “sell” rating in a research note on Saturday, January 31st. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $45.25.

National Bank 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.