Maltese Capital Management LLC Has $13.40 Million Stock Holdings in National Bank Holdings Corporation $NBHC

Maltese Capital Management LLC decreased its stake in National Bank Holdings Corporation (NYSE:NBHC) by 14.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 352,500 shares of the financial services provider’s stock after selling 61,500 shares during the period. National Bank accounts for about 2.4% of Maltese Capital Management LLC’s holdings, making the stock its 8th biggest position. Maltese Capital Management LLC’s holdings in National Bank were worth $13,399,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Deprince Race & Zollo Inc. increased its stake in shares of National Bank by 215.4% during the 4th quarter. Deprince Race & Zollo Inc. now owns 1,162,432 shares of the financial services provider’s stock worth $44,184,000 after purchasing an additional 793,902 shares during the last quarter. Millennium Management LLC grew its holdings in National Bank by 2,057.9% during the first quarter. Millennium Management LLC now owns 199,453 shares of the financial services provider’s stock valued at $7,633,000 after purchasing an additional 190,210 shares during the period. Two Sigma Investments LP increased its position in National Bank by 146.3% in the third quarter. Two Sigma Investments LP now owns 304,987 shares of the financial services provider’s stock worth $11,785,000 after buying an additional 181,137 shares during the last quarter. Endeavour Capital Advisors Inc. bought a new stake in National Bank during the 4th quarter valued at $6,659,000. Finally, Kennedy Capital Management LLC boosted its stake in National Bank by 39.0% during the fourth quarter. Kennedy Capital Management LLC now owns 505,333 shares of the financial services provider’s stock valued at $19,208,000 after buying an additional 141,726 shares during the period. 92.65% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on NBHC shares. Weiss Ratings cut National Bank from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, June 5th. DA Davidson restated a “buy” rating and set a $46.00 price target on shares of National Bank in a report on Wednesday, April 22nd. Piper Sandler upped their price target on National Bank from $48.00 to $52.00 and gave the company an “overweight” rating in a research report on Monday, April 27th. Finally, Wall Street Zen upgraded National Bank from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Five analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $46.20.

National Bank Trading Down 2.0%

Shares of NYSE:NBHC opened at $42.87 on Tuesday. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.95 and a quick ratio of 0.95. National Bank Holdings Corporation has a 1 year low of $35.06 and a 1 year high of $44.12. The company has a market cap of $1.92 billion, a P/E ratio of 15.99 and a beta of 0.78. The stock’s fifty day moving average price is $41.96 and its 200-day moving average price is $40.52.

National Bank (NYSE:NBHC) last released its quarterly earnings data on Tuesday, April 21st. The financial services provider reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.07. The firm had revenue of $126.78 million during the quarter, compared to analysts’ expectations of $129.30 million. National Bank had a net margin of 17.14% and a return on equity of 8.72%. The firm’s quarterly revenue was up 37.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.63 earnings per share. Sell-side analysts expect that National Bank Holdings Corporation will post 3.51 earnings per share for the current year.

National Bank Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, May 29th were paid a $0.32 dividend. The ex-dividend date was Friday, May 29th. This represents a $1.28 annualized dividend and a yield of 3.0%. National Bank’s payout ratio is presently 47.76%.

National Bank 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.