Kennedy Capital Management LLC Sells 33,862 Shares of National Bank Holdings Corporation $NBHC

Kennedy Capital Management LLC lowered its position in National Bank Holdings Corporation (NYSE:NBHC) by 9.6% during the second quarter, Holdings Channel reports. The institutional investor owned 318,905 shares of the financial services provider’s stock after selling 33,862 shares during the quarter. Kennedy Capital Management LLC’s holdings in National Bank were worth $11,994,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in NBHC. Nuveen LLC acquired a new position in National Bank during the first quarter valued at $21,123,000. Westwood Holdings Group Inc. raised its position 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 acquiring an additional 335,741 shares during the period. Millennium Management LLC boosted its holdings in National Bank by 2,057.9% in the 1st quarter. Millennium Management LLC now owns 199,453 shares of the financial services provider’s stock worth $7,633,000 after buying an additional 190,210 shares during the last quarter. Boston Partners boosted its stake in shares of National Bank by 40.6% in the first quarter. Boston Partners now owns 567,150 shares of the financial services provider’s stock worth $21,702,000 after acquiring an additional 163,895 shares during the last quarter. Finally, Jane Street Group LLC lifted its stake in National Bank by 283.8% in the 1st quarter. Jane Street Group LLC now owns 86,538 shares of the financial services provider’s stock worth $3,312,000 after purchasing an additional 63,989 shares in the last quarter. Institutional investors and hedge funds own 92.65% of the company’s stock.

National Bank Stock Performance

Shares of NBHC opened at $38.39 on Thursday. The firm has a fifty day moving average of $37.21 and a 200-day moving average of $37.79. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.93 and a current ratio of 0.93. The company has a market cap of $1.45 billion, a price-to-earnings ratio of 12.15 and a beta of 0.81. National Bank Holdings Corporation has a 1 year low of $32.83 and a 1 year high of $48.78.

National Bank (NYSE:NBHC) last released its earnings results on Thursday, August 14th. The financial services provider reported $0.63 earnings per share for the quarter. The firm had revenue of $102.07 million during the quarter. National Bank had a return on equity of 9.56% and a net margin of 20.50%. As a group, equities analysts anticipate that National Bank Holdings Corporation will post 3.31 earnings per share for the current year.

National Bank Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Friday, November 28th will be paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date is Friday, November 28th. This is a boost from National Bank’s previous quarterly dividend of ($0.30). National Bank’s dividend payout ratio (DPR) is 39.24%.

Analysts Set New Price Targets

Several research firms have recently commented on NBHC. Zacks Research upgraded National Bank from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 1st. Hovde Group raised shares of National Bank from a “market perform” rating to an “outperform” rating and set a $46.00 price target for the company in a research report on Thursday, September 18th. Keefe, Bruyette & Woods upped their price objective on National Bank from $44.00 to $45.00 and gave the company a “market perform” rating in a research note on Wednesday, September 17th. Weiss Ratings reiterated a “hold (c)” rating on shares of National Bank in a research report on Wednesday, October 8th. Finally, Stephens upgraded National Bank from an “equal weight” rating to an “overweight” rating and set a $42.00 target price on the stock in a research report on Monday, November 10th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, National Bank has an average rating of “Moderate Buy” and an average price target of $44.50.

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.