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

National Bank Holdings Corporation (NYSE:NBHC) was the recipient of a large increase in short interest in February. As of February 27th, there was short interest totaling 1,138,630 shares, an increase of 50.7% from the February 12th total of 755,420 shares. Approximately 2.6% of the shares of the stock are sold short. Based on an average daily volume of 556,125 shares, the days-to-cover ratio is presently 2.0 days. Based on an average daily volume of 556,125 shares, the days-to-cover ratio is presently 2.0 days. Approximately 2.6% of the shares of the stock are sold short.

Analyst Ratings Changes

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

Insider Buying and Selling at National Bank

In other National Bank news, insider John Steinmetz purchased 24,200 shares of the stock in a transaction dated Wednesday, February 11th. The stock was bought at an average price of $41.41 per share, with a total value 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 purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 2.90% of the company’s stock.

Institutional Investors Weigh In On National Bank

A number of institutional investors have recently added to or reduced their stakes in the business. New York State Common Retirement Fund grew its stake in shares of National Bank by 336.6% in 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 during the last quarter. AlphaQuest LLC increased its holdings in 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 purchasing an additional 22,583 shares during the period. JPMorgan Chase & Co. raised its position in 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 purchasing an additional 88,876 shares during the last quarter. Y Intercept Hong Kong Ltd lifted its holdings in 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 worth $3,113,000 after buying an additional 39,848 shares during the period. Finally, Deprince Race & Zollo Inc. acquired a new position in National Bank during the 3rd quarter worth about $14,240,000. 92.65% of the stock is owned by institutional investors.

National Bank Price Performance

Shares of NBHC opened at $38.83 on Monday. National Bank has a 12-month low of $32.83 and a 12-month high of $42.99. The business has a 50-day simple moving average of $40.60 and a two-hundred day simple moving average of $38.96. The company has a quick ratio of 0.93, a current ratio of 0.94 and a debt-to-equity ratio of 0.04. The stock has a market cap of $1.75 billion, a PE ratio of 13.62 and a beta of 0.79.

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 firm had revenue of $99.08 million for 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 previous year, the business posted $0.86 earnings per share. Analysts anticipate that National Bank 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. Investors of record on Friday, February 27th were given a dividend of $0.32 per share. The ex-dividend date was Friday, February 27th. This represents a $1.28 annualized dividend and a yield of 3.3%. This is a boost from National Bank’s previous quarterly dividend of $0.31. National Bank’s dividend payout ratio is 44.91%.

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.