8,516 Shares in National Bank Holdings Corporation $NBHC Purchased by Dynamic Technology Lab Private Ltd

Key Points

• Dynamic Technology Lab Private Ltd has acquired a new stake in National Bank Holdings Corporation, purchasing 8,516 shares valued at approximately $325,000.
• Several hedge funds have recently increased their holdings in NBHC, with notable stakes from Deutsche Bank AG and Millennium Management LLC.
• Wall Street analysts are optimistic about NBHC, with a consensus rating of "Moderate Buy" and an average price target of $47.20.

Dynamic Technology Lab Private Ltd purchased a new position in National Bank Holdings Corporation (NYSE:NBHC - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 8,516 shares of the financial services provider's stock, valued at approximately $325,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Millennium Management LLC increased its stake in shares of 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 during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of National Bank by 5.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,066 shares of the financial services provider's stock worth $844,000 after acquiring an additional 1,079 shares during the period. Jacobs Levy Equity Management Inc. acquired a new stake in shares of National Bank in the first quarter worth $536,000. Bridgeway Capital Management LLC increased its stake in shares of National Bank by 1.6% in the first quarter. Bridgeway Capital Management LLC now owns 161,730 shares of the financial services provider's stock worth $6,189,000 after acquiring an additional 2,616 shares during the period. Finally, AQR Capital Management LLC increased its stake in shares of National Bank by 97.2% in the first quarter. AQR Capital Management LLC now owns 26,300 shares of the financial services provider's stock worth $1,007,000 after acquiring an additional 12,962 shares during the period. Institutional investors and hedge funds own 92.65% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on NBHC. Wall Street Zen upgraded shares of National Bank from a "strong sell" rating to a "hold" rating in a research note on Saturday, July 26th. Hovde Group increased their price objective on shares of National Bank from $39.00 to $42.00 and gave the stock a "market perform" rating in a research note on Thursday, July 24th. DA Davidson increased their price objective on shares of National Bank from $42.00 to $45.00 and gave the stock a "buy" rating in a research note on Thursday, July 24th. Finally, Zacks Research upgraded shares of National Bank from a "hold" rating to a "strong-buy" rating in a research note on Monday, September 1st. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $47.20.

National Bank Stock Performance

NBHC stock traded down $0.34 during midday trading on Tuesday, hitting $37.62. 584,172 shares of the stock traded hands, compared to its average volume of 260,807. The firm has a market cap of $1.43 billion, a P/E ratio of 12.14 and a beta of 0.78. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.93 and a quick ratio of 0.93. The stock's fifty day simple moving average is $38.60 and its 200-day simple moving average is $37.70. 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 announced 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 business 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% compared to the same quarter last year. During the same quarter last year, the business earned $0.68 earnings per share. On average, analysts expect that National Bank Holdings Corporation will post 3.31 earnings per share for the current year.

National Bank Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Friday, August 29th were given a dividend of $-0.30 per share. The ex-dividend date was Friday, August 29th. This represents a ($1.20) dividend on an annualized basis and a yield of -3.2%. National Bank's payout ratio is presently 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.