Aigen Investment Management LP Acquires Shares of 8,511 National Bank Holdings Corporation $NBHC

Key Points

• Aigen Investment Management LP acquired 8,511 shares of National Bank Holdings Corporation (NYSE:NBHC), valued at approximately $326,000, during the 1st quarter.
• The company reported an EPS of $0.88 for the last quarter, exceeding analyst estimates, with a year-over-year revenue increase of 7.0%.
• National Bank recently announced a dividend cut, declaring a quarterly dividend of $-0.30 amidst a payout ratio of 38.71%.

Aigen Investment Management LP bought a new stake in shares of National Bank Holdings Corporation (NYSE:NBHC - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 8,511 shares of the financial services provider's stock, valued at approximately $326,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of NBHC. CWM LLC boosted its position in National Bank by 158.4% in the 1st quarter. CWM LLC now owns 783 shares of the financial services provider's stock valued at $30,000 after buying an additional 480 shares during the period. Quarry LP boosted its holdings 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 valued at $42,000 after purchasing an additional 810 shares during the period. Sterling Capital Management LLC grew its stake in National Bank by 815.5% in the fourth quarter. Sterling Capital Management LLC now owns 1,181 shares of the financial services provider's stock worth $51,000 after purchasing an additional 1,052 shares in the last quarter. Aquatic Capital Management LLC purchased a new position in National Bank during the 4th quarter worth $174,000. Finally, Wealth Enhancement Advisory Services LLC purchased a new position in National Bank during the 4th quarter worth $230,000. 92.65% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. DA Davidson lifted their price target on National Bank from $42.00 to $45.00 and gave the company a "buy" rating in a report on Thursday, July 24th. Wall Street Zen upgraded shares of National Bank from a "strong sell" rating to a "hold" rating in a report on Saturday, July 26th. Finally, Hovde Group raised their price target on shares of National Bank from $39.00 to $42.00 and gave the company a "market perform" rating in a report on Thursday, July 24th. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $47.20.

National Bank Price Performance

Shares of NYSE NBHC traded up $0.13 during mid-day trading on Monday, reaching $37.82. The company's stock had a trading volume of 33,995 shares, compared to its average volume of 253,925. The stock has a 50-day moving average of $38.04 and a two-hundred day moving average of $38.28. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.93 and a current ratio of 0.93. The stock has a market capitalization of $1.44 billion, a P/E ratio of 12.19 and a beta of 0.77. National Bank Holdings Corporation has a 1-year low of $32.83 and a 1-year high of $51.76.

National Bank (NYSE:NBHC - Get Free Report) last issued its earnings results on Tuesday, July 22nd. The financial services provider reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.06. The company had revenue of $104.48 million during the quarter, compared to analysts' expectations of $110.36 million. National Bank had a return on equity of 9.44% and a net margin of 20.02%. The firm's quarterly revenue was up 7.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.68 EPS. On average, equities research analysts anticipate that National Bank Holdings Corporation will post 3.31 EPS for the current fiscal year.

National Bank Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, August 29th will be given a $-0.30 dividend. This represents a ($1.20) annualized dividend and a yield of -3.2%. The ex-dividend date of this dividend is Friday, August 29th. National Bank's payout ratio is currently 38.71%.

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.