National Bank Holdings Co. (NYSE:NBHC) Sees Large Decrease in Short Interest

National Bank Holdings Co. (NYSE:NBHC) was the target of a significant decline in short interest in February. As of February 28th, there was short interest totalling 571,100 shares, a decline of 17.3% from the February 13th total of 690,900 shares. Approximately 1.6% of the shares of the company are sold short. Based on an average daily volume of 199,300 shares, the short-interest ratio is presently 2.9 days.

Analyst Ratings Changes

Several research firms have commented on NBHC. Keefe, Bruyette & Woods lifted their price target on National Bank from $47.00 to $52.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. StockNews.com upgraded shares of National Bank from a “sell” rating to a “hold” rating in a research report on Wednesday. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $51.40.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Quarry LP raised its stake in shares of National Bank by 503.1% during the 4th quarter. Quarry LP now owns 971 shares of the financial services provider’s stock worth $42,000 after buying an additional 810 shares in the last quarter. Sterling Capital Management LLC grew its holdings in National Bank by 815.5% during the fourth quarter. Sterling Capital Management LLC now owns 1,181 shares of the financial services provider’s stock worth $51,000 after acquiring an additional 1,052 shares during the period. Assetmark Inc. acquired a new position in National Bank during the third quarter worth $71,000. KBC Group NV grew its holdings in National Bank by 82.5% during the fourth quarter. KBC Group NV now owns 2,389 shares of the financial services provider’s stock worth $103,000 after acquiring an additional 1,080 shares during the period. Finally, Aquatic Capital Management LLC acquired a new position in National Bank during the fourth quarter worth $174,000. 92.65% of the stock is currently owned by institutional investors and hedge funds.

National Bank Stock Performance

NBHC stock traded down $0.37 during trading on Thursday, hitting $39.53. The company had a trading volume of 91,582 shares, compared to its average volume of 197,179. The firm has a market cap of $1.50 billion, a PE ratio of 12.79 and a beta of 0.86. The company has a quick ratio of 0.94, a current ratio of 0.95 and a debt-to-equity ratio of 0.08. The firm has a 50-day moving average price of $42.03 and a 200-day moving average price of $43.54. National Bank has a 1-year low of $32.13 and a 1-year high of $51.76.

National Bank (NYSE:NBHC) last released its earnings results on Wednesday, January 22nd. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.07. National Bank had a return on equity of 9.76% and a net margin of 19.82%. On average, analysts expect that National Bank will post 3.31 earnings per share for the current year.

National Bank Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were paid a dividend of $0.29 per share. The ex-dividend date was Friday, February 28th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.93%. National Bank’s dividend payout ratio (DPR) is 37.54%.

National Bank Company Profile

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.