National Bank Holdings Corporation $NBHC Shares Sold by Maltese Capital Management LLC

Maltese Capital Management LLC lowered its stake in National Bank Holdings Corporation (NYSE:NBHC) by 14.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 352,500 shares of the financial services provider’s stock after selling 61,500 shares during the quarter. National Bank makes up about 2.4% of Maltese Capital Management LLC’s holdings, making the stock its 8th biggest position. Maltese Capital Management LLC owned about 0.93% of National Bank worth $13,399,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Verition Fund Management LLC lifted its position in National Bank by 37.1% during the fourth quarter. Verition Fund Management LLC now owns 16,403 shares of the financial services provider’s stock valued at $623,000 after buying an additional 4,437 shares in the last quarter. Mariner LLC acquired a new position in National Bank during the 4th quarter worth $706,000. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in National Bank in the fourth quarter valued at about $2,735,000. Jacobs Asset Management LLC increased its holdings in shares of National Bank by 8.8% in the 4th quarter. Jacobs Asset Management LLC now owns 185,000 shares of the financial services provider’s stock valued at $7,032,000 after acquiring an additional 15,000 shares during the last quarter. Finally, Kennedy Capital Management LLC increased its stake in National Bank by 39.0% during the fourth quarter. Kennedy Capital Management LLC now owns 505,333 shares of the financial services provider’s stock valued at $19,208,000 after purchasing an additional 141,726 shares during the last quarter. 92.65% of the stock is owned by institutional investors and hedge funds.

National Bank Stock Down 2.0%

NBHC stock opened at $42.87 on Tuesday. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $1.92 billion, a PE ratio of 15.99 and a beta of 0.78. The business’s 50 day simple moving average is $41.96 and its 200 day simple moving average is $40.52. National Bank Holdings Corporation has a 1-year low of $35.06 and a 1-year high of $44.12.

National Bank (NYSE:NBHC) last announced its quarterly earnings data on Tuesday, April 21st. The financial services provider reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.07. The business had revenue of $126.78 million during the quarter, compared to the consensus estimate of $129.30 million. National Bank had a return on equity of 8.72% and a net margin of 17.14%.National Bank’s revenue for the quarter was up 37.8% on a year-over-year basis. During the same period in the prior year, the company earned $0.63 EPS. As a group, research analysts anticipate that National Bank Holdings Corporation will post 3.51 EPS for the current year.

National Bank Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, May 29th were given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend was Friday, May 29th. National Bank’s dividend payout ratio is currently 47.76%.

Analyst Ratings Changes

Several brokerages recently weighed in on NBHC. DA Davidson reiterated a “buy” rating and issued a $46.00 price objective on shares of National Bank in a research report on Wednesday, April 22nd. Weiss Ratings cut National Bank from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, June 5th. Piper Sandler increased their price objective on National Bank from $48.00 to $52.00 and gave the stock an “overweight” rating in a report on Monday, April 27th. Finally, Wall Street Zen upgraded shares of National Bank from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Five research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, National Bank has an average rating of “Moderate Buy” and a consensus price target of $46.20.

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.