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

National Bank Holdings Corporation (NYSE:NBHC) was the target 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. Based on an average daily trading volume, of 556,125 shares, the short-interest ratio is currently 2.0 days. Approximately 2.6% of the company’s stock are sold short. Approximately 2.6% of the company’s stock are sold short. Based on an average daily trading volume, of 556,125 shares, the short-interest ratio is currently 2.0 days.

Analyst Ratings Changes

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

Insider Activity at National Bank

In related news, insider John Steinmetz purchased 24,200 shares of the business’s stock in a transaction that occurred on Wednesday, February 11th. The shares were purchased at an average cost of $41.41 per share, for a total transaction of $1,002,122.00. Following the purchase, the insider directly owned 536,504 shares of the company’s stock, valued at $22,216,630.64. The trade was a 4.72% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.90% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Aster Capital Management DIFC Ltd raised its stake in shares of National Bank by 650.9% during the third quarter. Aster Capital Management DIFC Ltd now owns 796 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 690 shares during the last quarter. Meeder Asset Management Inc. purchased a new position in National Bank in the 4th quarter valued at $48,000. Global Retirement Partners LLC acquired a new position in National Bank in the 4th quarter valued at $66,000. Quarry LP raised its position in National Bank by 50.8% during the 3rd quarter. Quarry LP now owns 1,819 shares of the financial services provider’s stock worth $70,000 after buying an additional 613 shares during the last quarter. Finally, State of Wyoming purchased a new position in National Bank during the 4th quarter worth $69,000. Institutional investors and hedge funds own 92.65% of the company’s stock.

National Bank Trading Down 0.2%

Shares of National Bank stock opened at $38.83 on Friday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.93 and a current ratio of 0.94. The company has a market capitalization of $1.75 billion, a P/E ratio of 13.62 and a beta of 0.79. National Bank has a 1 year low of $32.83 and a 1 year high of $42.99. The company’s fifty day moving average is $40.60 and its two-hundred day moving average is $38.96.

National Bank (NYSE:NBHC) last announced its earnings results on Tuesday, January 27th. The financial services provider reported $0.60 earnings per share for the quarter, missing the consensus estimate of $0.87 by ($0.27). National Bank had a return on equity of 8.65% and a net margin of 18.66%.The business had revenue of $99.08 million for the quarter, compared to analyst estimates of $107.48 million. During the same quarter last year, the company posted $0.86 EPS. Analysts forecast that National Bank will post 3.31 earnings per share for the current year.

National Bank Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Friday, February 27th were given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend was Friday, February 27th. This is a positive change from National Bank’s previous quarterly dividend of $0.31. National Bank’s payout ratio is 44.91%.

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.