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

National Bank Holdings Corporation (NYSE:NBHC) was the recipient of a significant growth in short interest in January. As of January 15th, there was short interest totaling 794,439 shares, a growth of 46.9% from the December 31st total of 540,774 shares. Based on an average daily volume of 423,403 shares, the short-interest ratio is presently 1.9 days. Currently, 2.2% of the shares of the stock are sold short. Currently, 2.2% of the shares of the stock are sold short. Based on an average daily volume of 423,403 shares, the short-interest ratio is presently 1.9 days.

Analysts Set New Price Targets

NBHC has been the topic of several analyst reports. DA Davidson reiterated a “buy” rating and issued a $46.00 price objective on shares of National Bank in a research note on Wednesday. Zacks Research upgraded National Bank from a “strong sell” rating to a “hold” rating in a research report on Monday, December 22nd. Weiss Ratings reiterated a “hold (c)” rating on shares of National Bank in a research note on Thursday, January 22nd. Stephens upgraded shares of National Bank from an “equal weight” rating to an “overweight” rating and set a $42.00 target price on the stock in a research note on Monday, November 10th. Finally, Wall Street Zen lowered shares of National Bank from a “hold” rating to a “sell” rating in a report on Saturday. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $44.75.

National Bank Stock Up 0.5%

Shares of NYSE:NBHC opened at $40.18 on Friday. The company’s 50-day moving average price is $39.32 and its two-hundred day moving average price is $38.40. The firm has a market cap of $1.52 billion, a P/E ratio of 14.10 and a beta of 0.81. 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 12 month low of $32.83 and a 12 month high of $44.11.

National Bank (NYSE:NBHC) last announced its quarterly earnings results on Tuesday, January 27th. The financial services provider reported $0.60 EPS for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.27). The company had revenue of $100.64 million during the quarter, compared to the consensus estimate 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 last year, the company earned $0.86 earnings per share. As a group, research analysts forecast that National Bank will post 3.31 EPS for the current fiscal year.

National Bank Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 27th will be paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date is Friday, February 27th. This is a positive change from National Bank’s previous quarterly dividend of $0.31. National Bank’s dividend payout ratio is currently 43.51%.

Institutional Investors Weigh In On National Bank

Hedge funds have recently added to or reduced their stakes in the business. Deprince Race & Zollo Inc. raised its position in National Bank by 215.4% in the 4th quarter. Deprince Race & Zollo Inc. now owns 1,162,432 shares of the financial services provider’s stock valued at $44,184,000 after buying an additional 793,902 shares during the last quarter. Assenagon Asset Management S.A. bought a new position in shares of National Bank during the third quarter valued at about $25,869,000. Millennium Management LLC boosted its holdings in National Bank by 2,057.9% during the first quarter. Millennium Management LLC now owns 199,453 shares of the financial services provider’s stock worth $7,633,000 after purchasing an additional 190,210 shares during the last quarter. Two Sigma Investments LP grew its position in National Bank by 146.3% in the 3rd quarter. Two Sigma Investments LP now owns 304,987 shares of the financial services provider’s stock worth $11,785,000 after purchasing an additional 181,137 shares in the last quarter. Finally, Citadel Advisors LLC increased its stake in National Bank by 144.1% in the 3rd quarter. Citadel Advisors LLC now owns 236,354 shares of the financial services provider’s stock valued at $9,133,000 after buying an additional 139,527 shares during the last quarter. 92.65% of the stock is currently owned by institutional investors.

About National Bank

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.