Entropy Technologies LP Sells 13,606 Shares of National Bank Holdings Corporation $NBHC

Entropy Technologies LP lessened its holdings in National Bank Holdings Corporation (NYSE:NBHC) by 64.9% in the 1st quarter, HoldingsChannel.com reports. The firm owned 7,356 shares of the financial services provider’s stock after selling 13,606 shares during the quarter. Entropy Technologies LP’s holdings in National Bank were worth $288,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Meeder Asset Management Inc. acquired a new position in shares of National Bank in the 4th quarter worth approximately $48,000. Global Retirement Partners LLC acquired a new stake in National Bank in the 4th quarter valued at $66,000. State of Wyoming acquired a new stake in National Bank in the 4th quarter valued at $69,000. Quarry LP grew its position in National Bank by 50.8% in the third quarter. Quarry LP now owns 1,819 shares of the financial services provider’s stock valued at $70,000 after acquiring an additional 613 shares during the period. Finally, Nisa Investment Advisors LLC grew its position in National Bank by 17.9% in the fourth quarter. Nisa Investment Advisors LLC now owns 3,283 shares of the financial services provider’s stock valued at $125,000 after acquiring an additional 499 shares during the period. Institutional investors own 92.65% of the company’s stock.

National Bank Stock Performance

Shares of NBHC stock opened at $42.63 on Friday. The stock has a market cap of $1.91 billion, a PE ratio of 17.91 and a beta of 0.78. The stock has a 50-day moving average of $43.45 and a 200-day moving average of $41.72. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.97 and a quick ratio of 0.96. National Bank Holdings Corporation has a one year low of $35.06 and a one year high of $47.28.

National Bank (NYSE:NBHC) last issued its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $0.78 EPS for the quarter, missing the consensus estimate of $0.81 by ($0.03). The business had revenue of $129.06 million for the quarter, compared to analyst estimates of $135.08 million. National Bank had a return on equity of 8.35% and a net margin of 15.11%.The business’s quarterly revenue was up 23.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.88 EPS. As a group, sell-side analysts expect that National Bank Holdings Corporation will post 3.35 earnings per share for the current year.

National Bank Announces Dividend

The company also recently declared 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. The ex-dividend date of this dividend was Friday, May 29th. This represents a $1.28 dividend on an annualized basis and a yield of 3.0%. National Bank’s dividend payout ratio is 53.78%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on NBHC shares. Wall Street Zen upgraded shares of National Bank from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Stephens reduced their price target on shares of National Bank from $49.00 to $46.00 and set an “overweight” rating on the stock in a research report on Thursday, July 23rd. Weiss Ratings raised shares of National Bank from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, June 24th. DA Davidson reaffirmed a “buy” rating and set a $46.00 price objective on shares of National Bank in a report on Wednesday, April 22nd. Finally, Piper Sandler cut their target price on shares of National Bank from $52.00 to $51.00 and set an “overweight” rating for the company in a research note on Monday. Five analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $46.80.

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.