Renaissance Technologies LLC Sells 61,800 Shares of National Bank Holdings Co. (NYSE:NBHC)

Renaissance Technologies LLC cut its stake in National Bank Holdings Co. (NYSE:NBHC – Get Rating) by 4.9% during the 4th quarter, HoldingsChannel.com reports. The fund owned 1,189,100 shares of the financial services provider’s stock after selling 61,800 shares during the period. Renaissance Technologies LLC’s holdings in National Bank were worth $52,249,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in NBHC. Assenagon Asset Management S.A. boosted its holdings in National Bank by 1,364.9% in the fourth quarter. Assenagon Asset Management S.A. now owns 132,414 shares of the financial services provider’s stock valued at $5,818,000 after acquiring an additional 123,375 shares during the last quarter. Wellington Management Group LLP boosted its holdings in National Bank by 9.3% in the third quarter. Wellington Management Group LLP now owns 1,394,678 shares of the financial services provider’s stock valued at $56,458,000 after acquiring an additional 118,122 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in National Bank by 26.4% in the third quarter. Bank of New York Mellon Corp now owns 517,874 shares of the financial services provider’s stock valued at $20,963,000 after acquiring an additional 108,010 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new stake in National Bank in the fourth quarter valued at approximately $4,652,000. Finally, Segall Bryant & Hamill LLC boosted its holdings in National Bank by 8.2% in the third quarter. Segall Bryant & Hamill LLC now owns 1,026,771 shares of the financial services provider’s stock valued at $41,564,000 after acquiring an additional 78,107 shares during the last quarter. Institutional investors and hedge funds own 97.59% of the company’s stock.

In other news, CEO G. Timothy Laney sold 10,000 shares of the firm’s stock in a transaction on Wednesday, March 16th. The stock was sold at an average price of $42.88, for a total transaction of $428,800.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold a total of 25,800 shares of company stock valued at $1,117,016 over the last three months. 4.80% of the stock is currently owned by insiders.

A number of equities analysts have issued reports on NBHC shares. Stephens increased their price target on National Bank from $45.00 to $46.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 20th. Zacks Investment Research cut National Bank from a “buy” rating to a “hold” rating in a report on Friday, April 8th. Finally, StockNews.com began coverage on National Bank in a report on Thursday, March 31st. They issued a “hold” rating on the stock. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $45.50.

Shares of NBHC opened at $38.85 on Friday. National Bank Holdings Co. has a 12-month low of $34.11 and a 12-month high of $48.24. The business’s fifty day moving average is $39.49 and its 200 day moving average is $42.91. The company has a quick ratio of 0.85, a current ratio of 0.86 and a debt-to-equity ratio of 0.05. The stock has a market cap of $1.17 billion, a P/E ratio of 14.13 and a beta of 0.90.

National Bank (NYSE:NBHC – Get Rating) last released its quarterly earnings results on Monday, April 18th. The financial services provider reported $0.60 EPS for the quarter, meeting analysts’ consensus estimates of $0.60. The business had revenue of $67.03 million during the quarter, compared to analyst estimates of $70.51 million. National Bank had a return on equity of 10.23% and a net margin of 28.64%. National Bank’s quarterly revenue was down 16.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.87 EPS. On average, analysts expect that National Bank Holdings Co. will post 2.44 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 15th. Investors of record on Friday, May 27th will be given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 2.37%. The ex-dividend date of this dividend is Thursday, May 26th. National Bank’s payout ratio is currently 33.45%.

National Bank Company Profile (Get Rating)

National Bank Holdings Corporation operates as the bank holding company for NBH Bank that provides various banking products and financial services to commercial, business, and consumer clients in the United States. It offers deposit products, including checking, savings, money market, and other deposit accounts, including fixed-rate and fixed maturity time deposits.

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