Quantbot Technologies LP Has $1.31 Million Position in National Bank Holdings Corporation $NBHC

Quantbot Technologies LP raised its holdings in shares of National Bank Holdings Corporation (NYSE:NBHC) by 180.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 33,942 shares of the financial services provider’s stock after buying an additional 21,856 shares during the quarter. Quantbot Technologies LP owned about 0.09% of National Bank worth $1,312,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of NBHC. New York State Common Retirement Fund boosted its holdings in National Bank by 336.6% in the 3rd quarter. New York State Common Retirement Fund now owns 56,373 shares of the financial services provider’s stock valued at $2,178,000 after purchasing an additional 43,462 shares during the period. AlphaQuest LLC raised its position in shares of National Bank by 110.4% during the third quarter. AlphaQuest LLC now owns 43,045 shares of the financial services provider’s stock valued at $1,663,000 after buying an additional 22,583 shares during the last quarter. Y Intercept Hong Kong Ltd lifted its stake in shares of National Bank by 97.9% in the third quarter. Y Intercept Hong Kong Ltd now owns 80,567 shares of the financial services provider’s stock valued at $3,113,000 after buying an additional 39,848 shares during the period. Deprince Race & Zollo Inc. acquired a new stake in National Bank during the third quarter worth about $14,240,000. Finally, Assenagon Asset Management S.A. bought a new position in National Bank during the third quarter valued at about $25,869,000. Institutional investors and hedge funds own 92.65% of the company’s stock.

National Bank Stock Up 0.2%

Shares of NYSE:NBHC opened at $40.64 on Friday. The company’s fifty day moving average is $40.46 and its 200-day moving average is $38.91. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.93 and a current ratio of 0.94. National Bank Holdings Corporation has a 52 week low of $32.83 and a 52 week high of $42.99. The company has a market capitalization of $1.54 billion, a PE ratio of 14.26 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 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.87 by ($0.27). The firm had revenue of $99.08 million for 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 in the prior year, the business earned $0.86 earnings per share. Equities research analysts predict that National Bank Holdings Corporation will post 3.31 earnings per share for the current fiscal year.

National Bank Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 27th will be given a dividend of $0.32 per share. This is a boost from National Bank’s previous quarterly dividend of $0.31. The ex-dividend date is Friday, February 27th. This represents a $1.28 dividend on an annualized basis and a yield of 3.1%. National Bank’s dividend payout ratio is currently 44.91%.

Insiders Place Their Bets

In other National Bank news, insider John Steinmetz acquired 24,200 shares of the business’s stock in a transaction on Wednesday, February 11th. The stock was purchased at an average price of $41.41 per share, for a total transaction of $1,002,122.00. Following the transaction, the insider owned 536,504 shares in the company, valued at $22,216,630.64. This trade represents a 4.72% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.90% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. DA Davidson reissued a “buy” rating and set a $48.00 price objective on shares of National Bank in a report on Thursday, February 19th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of National Bank in a research report on Thursday, January 22nd. Wall Street Zen lowered shares of National Bank from a “hold” rating to a “sell” rating in a report on Saturday, January 31st. Zacks Research upgraded shares of National Bank from a “strong sell” rating to a “hold” rating in a research note on Monday, December 22nd. Finally, Stephens raised shares of National Bank from an “equal weight” rating to an “overweight” rating and set a $42.00 price objective for the company in a report on Monday, November 10th. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $45.25.

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.