AlphaQuest LLC Has $1.64 Million Stock Holdings in National Bank Holdings Corporation $NBHC

Key Points

• AlphaQuest LLC acquired an additional 42,663 shares of National Bank Holdings Corporation (NYSE: NBHC), boosting its stake by 29,422.8% to 42,808 shares, valued at approximately $1.64 million.
• Several hedge funds, including Victory Capital Management and Boston Partners, have also increased their holdings in National Bank, showcasing strong institutional interest with 92.65% of the company's stock owned by institutional investors.
• National Bank recently raised its quarterly dividend to $-0.30 per share despite reporting lower-than-expected revenue, leading to a negative annualized dividend yield of -3.1%.

AlphaQuest LLC boosted its stake in shares of National Bank Holdings Corporation (NYSE:NBHC - Free Report) by 29,422.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 42,808 shares of the financial services provider's stock after purchasing an additional 42,663 shares during the quarter. AlphaQuest LLC owned 0.11% of National Bank worth $1,638,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. CWM LLC raised its stake in National Bank by 158.4% during the 1st quarter. CWM LLC now owns 783 shares of the financial services provider's stock valued at $30,000 after purchasing an additional 480 shares during the last quarter. Quarry LP raised its stake in National Bank by 503.1% during the 4th 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 last quarter. Aquatic Capital Management LLC acquired a new position in shares of National Bank in the 4th quarter valued at $174,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of National Bank in the 1st quarter valued at $217,000. Finally, Wealth Enhancement Advisory Services LLC acquired a new position in shares of National Bank in the 4th quarter valued at $230,000. 92.65% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

NBHC has been the subject of a number of recent research reports. DA Davidson increased their price objective on shares of National Bank from $42.00 to $45.00 and gave the company a "buy" rating in a research note on Thursday, July 24th. Hovde Group upped their target price on shares of National Bank from $39.00 to $42.00 and gave the stock a "market perform" rating in a report on Thursday, July 24th. Finally, Wall Street Zen raised shares of National Bank from a "strong sell" rating to a "hold" rating in a report on Saturday, July 26th. One investment analyst has rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, National Bank currently has an average rating of "Hold" and a consensus target price of $47.20.

National Bank Trading Down 1.3%

Shares of NYSE NBHC traded down $0.52 during mid-day trading on Thursday, hitting $39.16. The company's stock had a trading volume of 69,789 shares, compared to its average volume of 254,412. The stock has a market cap of $1.49 billion, a price-to-earnings ratio of 12.63 and a beta of 0.77. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.93 and a quick ratio of 0.93. National Bank Holdings Corporation has a one year low of $32.83 and a one year high of $51.76. The company's fifty day simple moving average is $38.37 and its 200-day simple moving average is $38.09.

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 for the quarter, compared to analyst estimates of $110.36 million. National Bank had a net margin of 20.02% and a return on equity of 9.44%. The company's revenue for the quarter was up 7.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.68 EPS. On average, sell-side analysts anticipate that National Bank Holdings Corporation will post 3.31 earnings per share for the current fiscal year.

National Bank Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, August 29th will be paid a $-0.30 dividend. This represents a ($1.20) annualized dividend and a dividend yield of -3.1%. The ex-dividend date of this dividend is Friday, August 29th. National Bank's dividend payout ratio (DPR) is 38.71%.

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.