AlphaQuest LLC Acquires 42,663 Shares of National Bank Holdings Corporation $NBHC

AlphaQuest LLC increased its position in shares of National Bank Holdings Corporation (NYSE:NBHC) by 29,422.8% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 42,808 shares of the financial services provider’s stock after buying an additional 42,663 shares during the period. AlphaQuest LLC owned 0.11% of National Bank worth $1,638,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Victory Capital Management Inc. raised its stake in National Bank by 2.6% during the first quarter. Victory Capital Management Inc. now owns 2,851,786 shares of the financial services provider’s stock worth $109,138,000 after buying an additional 72,805 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in National Bank by 1.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,089,730 shares of the financial services provider’s stock worth $89,984,000 after buying an additional 32,983 shares during the last quarter. Westwood Holdings Group Inc. raised its stake in National Bank by 30.1% during the first quarter. Westwood Holdings Group Inc. now owns 1,450,227 shares of the financial services provider’s stock worth $55,500,000 after buying an additional 335,741 shares during the last quarter. Boston Partners raised its stake in National Bank by 40.6% during the first quarter. Boston Partners now owns 567,150 shares of the financial services provider’s stock worth $21,702,000 after buying an additional 163,895 shares during the last quarter. Finally, Nuveen LLC bought a new position in National Bank during the first quarter worth $21,123,000. Institutional investors own 92.65% of the company’s stock.

Wall Street Analyst Weigh In

NBHC has been the subject of a number of analyst reports. Wall Street Zen raised shares of National Bank from a “strong sell” rating to a “hold” rating in a research note on Saturday, July 26th. Hovde Group lifted their target price on shares of National Bank from $39.00 to $42.00 and gave the stock a “market perform” rating in a research note on Thursday, July 24th. Finally, DA Davidson lifted their target price on shares of National Bank from $42.00 to $45.00 and gave the stock a “buy” rating in a research note on Thursday, July 24th. One equities research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, National Bank currently has an average rating of “Hold” and a consensus target price of $47.20.

National Bank Trading Up 4.2%

NYSE:NBHC opened at $39.2670 on Friday. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $1.49 billion, a price-to-earnings ratio of 12.67 and a beta of 0.77. The firm has a fifty day simple moving average of $38.15 and a two-hundred day simple moving average of $38.18. National Bank Holdings Corporation has a 12 month low of $32.83 and a 12 month high of $51.76.

National Bank (NYSE:NBHC) last posted its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $0.88 EPS for the quarter, topping analysts’ consensus estimates of $0.82 by $0.06. The business had revenue of $104.48 million during the quarter, compared to analysts’ expectations of $110.36 million. National Bank had a net margin of 20.02% and a return on equity of 9.44%. The business’s quarterly revenue was up 7.0% on a year-over-year basis. During the same period last year, the company posted $0.68 earnings per share. Analysts expect that National Bank Holdings Corporation will post 3.31 EPS for the current fiscal year.

National Bank Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, August 29th will be issued a dividend of $-0.30 per share. This represents a ($1.20) dividend on an annualized basis and a dividend yield of -3.1%. The ex-dividend date is Friday, August 29th. National Bank’s dividend payout ratio (DPR) is currently 38.71%.

About National Bank

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.