National Bank Holdings Corporation $NBHC Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC lessened its holdings in shares of National Bank Holdings Corporation (NYSE:NBHC) by 2.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 794,100 shares of the financial services provider’s stock after selling 18,900 shares during the period. Renaissance Technologies LLC’s holdings in National Bank were worth $31,097,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Arrowstreet Capital Limited Partnership acquired a new stake in National Bank in the 1st quarter valued at about $219,000. Inceptionr LLC acquired a new position in shares of National Bank during the 1st quarter worth approximately $223,000. Sei Investments Co. boosted its holdings in shares of National Bank by 5.9% during the 1st quarter. Sei Investments Co. now owns 337,005 shares of the financial services provider’s stock worth $13,197,000 after purchasing an additional 18,785 shares during the last quarter. First Trust Advisors LP grew its position in shares of National Bank by 1.4% in the first quarter. First Trust Advisors LP now owns 132,026 shares of the financial services provider’s stock valued at $5,170,000 after purchasing an additional 1,766 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of National Bank by 2.0% in the first quarter. Dimensional Fund Advisors LP now owns 2,100,944 shares of the financial services provider’s stock valued at $82,271,000 after purchasing an additional 40,669 shares in the last quarter. Institutional investors and hedge funds own 92.65% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. DA Davidson reiterated a “buy” rating and set a $46.00 price objective on shares of National Bank in a research report on Wednesday, April 22nd. Weiss Ratings raised National Bank from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, June 24th. Piper Sandler reduced their price target on National Bank from $52.00 to $51.00 and set an “overweight” rating on the stock in a report on Monday. Stephens lowered their price target on shares of National Bank from $49.00 to $46.00 and set an “overweight” rating on the stock in a research report on Thursday, July 23rd. Finally, Wall Street Zen raised shares of National Bank from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Five research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, National Bank presently has a consensus rating of “Moderate Buy” and an average price target of $46.80.

National Bank Stock Up 0.4%

Shares of NYSE NBHC opened at $42.68 on Wednesday. The company has a market capitalization of $1.91 billion, a P/E ratio of 17.93 and a beta of 0.78. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.97 and a quick ratio of 0.96. The company has a 50 day simple moving average of $43.43 and a 200-day simple moving average of $41.69. National Bank Holdings Corporation has a 1 year low of $35.06 and a 1 year high of $47.28.

National Bank (NYSE:NBHC) last released its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $0.78 EPS for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.03). The business had revenue of $129.06 million during the quarter, compared to analyst estimates of $135.08 million. National Bank had a net margin of 15.11% and a return on equity of 8.35%. The company’s revenue was up 23.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.88 earnings per share. On average, equities research analysts predict that National Bank Holdings Corporation will post 3.41 earnings per share for the current year.

National Bank Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, May 29th were issued a dividend of $0.32 per share. The ex-dividend date was Friday, May 29th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.0%. National Bank’s dividend payout ratio is currently 53.78%.

National Bank Company 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.