Aristotle Capital Boston LLC Sells 69,645 Shares of National Bank Holdings Corporation $NBHC

Aristotle Capital Boston LLC cut its position in shares of National Bank Holdings Corporation (NYSE:NBHC) by 9.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 673,644 shares of the financial services provider’s stock after selling 69,645 shares during the quarter. National Bank comprises 1.4% of Aristotle Capital Boston LLC’s investment portfolio, making the stock its 16th biggest holding. Aristotle Capital Boston LLC owned approximately 1.78% of National Bank worth $25,605,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in NBHC. Deprince Race & Zollo Inc. boosted its holdings in National Bank by 215.4% in the fourth quarter. Deprince Race & Zollo Inc. now owns 1,162,432 shares of the financial services provider’s stock worth $44,184,000 after acquiring an additional 793,902 shares in the last quarter. AQR Capital Management LLC boosted its holdings in National Bank by 138.9% in the fourth quarter. AQR Capital Management LLC now owns 430,078 shares of the financial services provider’s stock worth $16,347,000 after acquiring an additional 250,088 shares in the last quarter. Russell Investments Group Ltd. boosted its holdings in National Bank by 143.3% in the fourth quarter. Russell Investments Group Ltd. now owns 405,164 shares of the financial services provider’s stock worth $15,400,000 after acquiring an additional 238,642 shares in the last quarter. Millennium Management LLC boosted its holdings in National Bank by 2,057.9% in the first quarter. Millennium Management LLC now owns 199,453 shares of the financial services provider’s stock worth $7,633,000 after acquiring an additional 190,210 shares in the last quarter. Finally, Two Sigma Investments LP boosted its holdings in National Bank by 146.3% in the third quarter. Two Sigma Investments LP now owns 304,987 shares of the financial services provider’s stock worth $11,785,000 after acquiring an additional 181,137 shares in the last quarter. 92.65% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have commented on NBHC. Wall Street Zen raised National Bank from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. DA Davidson reissued a “buy” rating and issued a $46.00 target price on shares of National Bank in a report on Wednesday, April 22nd. Weiss Ratings downgraded National Bank from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, June 5th. Finally, Piper Sandler boosted their target price on National Bank from $48.00 to $52.00 and gave the stock an “overweight” rating in a report on Monday, April 27th. Five investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $46.20.

National Bank Stock Down 2.3%

NBHC stock opened at $41.93 on Thursday. National Bank Holdings Corporation has a 1-year low of $35.06 and a 1-year high of $44.12. The business has a fifty day moving average price of $42.07 and a 200-day moving average price of $40.59. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.95 and a quick ratio of 0.95. The stock has a market capitalization of $1.88 billion, a P/E ratio of 15.65 and a beta of 0.78.

National Bank (NYSE:NBHC) last posted its quarterly earnings results on Tuesday, April 21st. The financial services provider reported $0.72 earnings per share for the quarter, topping the consensus estimate 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 analysts’ expectations of $129.30 million. During the same quarter in the previous year, the business earned $0.63 earnings per share. The company’s revenue was up 37.8% on a year-over-year basis. Equities analysts forecast that National Bank Holdings Corporation will post 3.51 earnings per share for the current fiscal year.

National Bank Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, May 29th were paid a $0.32 dividend. The ex-dividend date was Friday, May 29th. This represents a $1.28 annualized dividend and a dividend yield of 3.1%. National Bank’s payout ratio is currently 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.