Quantinno Capital Management LP Purchases 14,952 Shares of National Bank Holdings Corporation $NBHC

Quantinno Capital Management LP increased its position in shares of National Bank Holdings Corporation (NYSE:NBHC) by 105.0% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,189 shares of the financial services provider’s stock after purchasing an additional 14,952 shares during the quarter. Quantinno Capital Management LP owned approximately 0.07% of National Bank worth $1,143,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in NBHC. Mendon Capital Advisors Corp acquired a new position in National Bank in the first quarter valued at about $589,000. North Reef Capital Management LP bought a new position in shares of National Bank in the first quarter valued at approximately $12,545,000. Arrowstreet Capital Limited Partnership bought a new position in shares of National Bank in the first quarter valued at approximately $219,000. Inceptionr LLC acquired a new position in shares of National Bank in the 1st quarter worth approximately $223,000. Finally, Sei Investments Co. boosted its holdings in shares of National Bank by 5.9% in the 1st quarter. Sei Investments Co. now owns 337,005 shares of the financial services provider’s stock worth $13,197,000 after acquiring an additional 18,785 shares in the last quarter. 92.65% of the stock is owned by institutional investors.

National Bank Price Performance

Shares of NBHC stock opened at $43.47 on Friday. The firm’s 50 day moving average price is $43.74 and its two-hundred day moving average price is $41.91. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.96 and a current ratio of 0.97. National Bank Holdings Corporation has a 52-week low of $35.06 and a 52-week high of $47.28. The stock has a market cap of $1.94 billion, a PE ratio of 18.26 and a beta of 0.79.

National Bank (NYSE:NBHC) last posted its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.81 by ($0.03). National Bank had a return on equity of 8.35% and a net margin of 15.11%.The company had revenue of $129.94 million during the quarter, compared to the consensus estimate of $135.08 million. During the same quarter in the prior year, the business earned $0.88 earnings per share. The firm’s revenue for the quarter was up 23.4% on a year-over-year basis. As a group, analysts forecast that National Bank Holdings Corporation will post 3.35 EPS for the current year.

National Bank Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Friday, August 28th will be paid a $0.32 dividend. The ex-dividend date of this dividend is Friday, August 28th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.9%. National Bank’s dividend payout ratio is 53.78%.

Analysts Set New Price Targets

NBHC has been the topic of a number of research analyst reports. Weiss Ratings lowered National Bank from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday. Wall Street Zen upgraded National Bank from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Stephens cut National Bank from an “overweight” rating to an “equal weight” rating and set a $46.00 target price on the stock. in a report on Thursday, August 6th. DA Davidson reiterated a “buy” rating and set a $46.00 price target on shares of National Bank in a research report on Wednesday, April 22nd. Finally, Piper Sandler decreased their price objective on shares of National Bank from $52.00 to $51.00 and set an “overweight” rating on the stock in a report on Monday, July 27th. Four analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, National Bank has a consensus rating of “Moderate Buy” and a consensus price target of $46.80.

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.