Bridgeway Capital Management LLC Grows Stock Position in National Bank Holdings Co. (NYSE:NBHC)

Bridgeway Capital Management LLC lifted its stake in National Bank Holdings Co. (NYSE:NBHC) by 4.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 159,114 shares of the financial services provider’s stock after buying an additional 6,220 shares during the quarter. Bridgeway Capital Management LLC owned approximately 0.42% of National Bank worth $6,851,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of NBHC. Balyasny Asset Management L.P. purchased a new stake in National Bank in the 4th quarter worth approximately $554,000. Northern Trust Corp increased its holdings in National Bank by 7.3% in the fourth quarter. Northern Trust Corp now owns 440,106 shares of the financial services provider’s stock valued at $18,951,000 after buying an additional 29,823 shares in the last quarter. Tudor Investment Corp ET AL raised its position in shares of National Bank by 1,207.4% in the fourth quarter. Tudor Investment Corp ET AL now owns 70,076 shares of the financial services provider’s stock worth $3,017,000 after acquiring an additional 64,716 shares during the period. Quarry LP raised its position in shares of National Bank by 503.1% in the fourth quarter. Quarry LP now owns 971 shares of the financial services provider’s stock worth $42,000 after acquiring an additional 810 shares during the period. Finally, Aquatic Capital Management LLC acquired a new position in shares of National Bank in the fourth quarter worth about $174,000. 92.65% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have issued reports on NBHC shares. StockNews.com downgraded National Bank from a “hold” rating to a “sell” rating in a research report on Friday, May 2nd. Hovde Group dropped their price target on shares of National Bank from $43.00 to $39.00 and set a “market perform” rating on the stock in a research note on Thursday, April 24th. Finally, DA Davidson dropped their price target on shares of National Bank from $46.00 to $42.00 and set a “buy” rating on the stock in a research note on Wednesday, April 23rd. One analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $46.00.

National Bank Stock Down 0.2 %

NYSE NBHC opened at $36.33 on Wednesday. National Bank Holdings Co. has a one year low of $32.83 and a one year high of $51.76. The company has a market cap of $1.38 billion, a P/E ratio of 11.76 and a beta of 0.77. The business has a fifty day moving average price of $37.29 and a 200 day moving average price of $42.16. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.94 and a current ratio of 0.95.

National Bank (NYSE:NBHC) last posted its quarterly earnings results on Tuesday, April 22nd. The financial services provider reported $0.63 earnings per share for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.13). The business had revenue of $102.07 million for the quarter, compared to analyst estimates of $107.47 million. National Bank had a return on equity of 9.76% and a net margin of 19.82%. During the same quarter in the previous year, the firm posted $0.82 earnings per share. Research analysts anticipate that National Bank Holdings Co. will post 3.31 EPS for the current fiscal year.

National Bank Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 3.30%. The ex-dividend date of this dividend is Friday, May 30th. This is a boost from National Bank’s previous quarterly dividend of $0.29. National Bank’s dividend payout ratio (DPR) is currently 41.38%.

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.