Peregrine Capital Management LLC Lowers Stock Holdings in National Bank Holdings Corporation $NBHC

Peregrine Capital Management LLC lowered its position in shares of National Bank Holdings Corporation (NYSE:NBHC) by 8.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 122,466 shares of the financial services provider’s stock after selling 11,817 shares during the period. Peregrine Capital Management LLC owned about 0.27% of National Bank worth $4,796,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of NBHC. State Street Corp raised its holdings in shares of National Bank by 2.6% during the 4th quarter. State Street Corp now owns 1,888,885 shares of the financial services provider’s stock valued at $71,797,000 after buying an additional 47,991 shares in the last quarter. Deprince Race & Zollo Inc. grew its position in National Bank by 215.4% during the fourth quarter. Deprince Race & Zollo Inc. now owns 1,162,432 shares of the financial services provider’s stock valued at $44,184,000 after acquiring an additional 793,902 shares during the last quarter. Leeward Investments LLC MA grew its position in National Bank by 20.9% during the fourth quarter. Leeward Investments LLC MA now owns 534,211 shares of the financial services provider’s stock valued at $20,305,000 after acquiring an additional 92,489 shares during the last quarter. Kennedy Capital Management LLC raised its stake in shares of 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 worth $19,208,000 after acquiring an additional 141,726 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in shares of National Bank by 35.0% during the fourth quarter. Goldman Sachs Group Inc. now owns 504,685 shares of the financial services provider’s stock worth $19,183,000 after acquiring an additional 130,715 shares in the last quarter. 92.65% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on NBHC shares. DA Davidson reaffirmed a “buy” rating and issued a $46.00 price objective on shares of National Bank in a research note on Wednesday, April 22nd. Piper Sandler lifted their target price on shares of National Bank from $48.00 to $52.00 and gave the stock an “overweight” rating in a research report on Monday, April 27th. Wall Street Zen raised shares of National Bank from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, Weiss Ratings upgraded shares of National Bank from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, June 24th. Five investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $46.20.

National Bank Price Performance

Shares of National Bank stock opened at $44.97 on Thursday. 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 one year low of $35.06 and a one year high of $45.63. The business’s 50 day simple moving average is $42.55 and its two-hundred day simple moving average is $40.98. The stock has a market capitalization of $2.01 billion, a P/E ratio of 16.78 and a beta of 0.78.

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 analysts’ consensus estimates of $0.65 by $0.07. National Bank had a return on equity of 8.72% and a net margin of 17.14%.The firm had revenue of $126.78 million during the quarter, compared to analyst estimates of $129.30 million. During the same quarter in the prior year, the firm posted $0.63 earnings per share. The business’s quarterly revenue was up 37.8% compared to the same quarter last year. Analysts forecast that National Bank Holdings Corporation will post 3.51 EPS for the current year.

National Bank Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, May 29th were given a dividend of $0.32 per share. The ex-dividend date of this dividend was Friday, May 29th. This represents a $1.28 annualized dividend and a yield of 2.8%. National Bank’s dividend payout ratio is presently 47.76%.

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.