Millennium Management LLC Purchases 2,876 Shares of National Bank Holdings Co. (NYSE:NBHC)

Millennium Management LLC grew its stake in National Bank Holdings Co. (NYSE:NBHC) by 45.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,243 shares of the financial services provider’s stock after acquiring an additional 2,876 shares during the quarter. Millennium Management LLC’s holdings in National Bank were worth $398,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of NBHC. Quarry LP boosted its position in National Bank by 503.1% during the 4th quarter. Quarry LP now owns 971 shares of the financial services provider’s stock worth $42,000 after acquiring an additional 810 shares during the last quarter. Sterling Capital Management LLC lifted its holdings in National Bank by 815.5% during the 4th quarter. Sterling Capital Management LLC now owns 1,181 shares of the financial services provider’s stock valued at $51,000 after purchasing an additional 1,052 shares during the last quarter. Aquatic Capital Management LLC acquired a new stake in National Bank during the 4th quarter valued at $174,000. Handelsbanken Fonder AB acquired a new stake in National Bank during the 4th quarter valued at $224,000. Finally, Meeder Asset Management Inc. increased its position in National Bank by 390.5% during the 4th quarter. Meeder Asset Management Inc. now owns 6,509 shares of the financial services provider’s stock worth $280,000 after buying an additional 5,182 shares during the period. 92.65% of the stock is owned by institutional investors.

National Bank Stock Up 0.6%

Shares of NYSE:NBHC opened at $37.30 on Tuesday. National Bank Holdings Co. has a 1 year low of $32.83 and a 1 year high of $51.76. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.95 and a quick ratio of 0.94. The business has a fifty day moving average price of $36.14 and a two-hundred day moving average price of $40.50. The company has a market capitalization of $1.42 billion, a PE ratio of 12.07 and a beta of 0.77.

National Bank (NYSE:NBHC) last issued its quarterly earnings data on Tuesday, April 22nd. The financial services provider reported $0.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.13). The company had revenue of $102.07 million for the quarter, compared to analysts’ expectations of $107.47 million. National Bank had a return on equity of 9.76% and a net margin of 19.82%. During the same period last year, the company posted $0.82 EPS. Analysts forecast that National Bank Holdings Co. will post 3.31 earnings per share for the current year.

National Bank Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 3.22%. This is a positive change from National Bank’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend is Friday, May 30th. National Bank’s dividend payout ratio (DPR) is presently 41.38%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Hovde Group lowered their price objective on National Bank from $43.00 to $39.00 and set a “market perform” rating on the stock in a research report on Thursday, April 24th. DA Davidson reduced their price objective on National Bank from $46.00 to $42.00 and set a “buy” rating on the stock in a research note on Wednesday, April 23rd. Finally, Wall Street Zen cut National Bank from a “hold” rating to a “sell” rating in a report on Friday, May 2nd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $46.00.

About National Bank

National Bank Holdings Corporation operates as the bank holding company for NBH Bank that provides various banking products and financial services to commercial, business, and consumer clients in the United States. It offers deposit products, including checking, savings, money market, and other deposit accounts, including fixed-rate and fixed maturity time deposits.