Dynamic Technology Lab Private Ltd Makes New Investment in National Bank Holdings Corporation $NBHC

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 bought a new stake in shares of National Bank Holdings Corporation (NYSE:NBHC - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 8,516 shares of the financial services provider's stock, valued at approximately $325,000.

A number of other institutional investors have also bought and sold shares of NBHC. Millennium Management LLC raised its holdings in National Bank by 2,057.9% during the first quarter. Millennium Management LLC now owns 199,453 shares of the financial services provider's stock valued at $7,633,000 after acquiring an additional 190,210 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of National Bank by 5.1% during 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 purchasing an additional 1,079 shares in the last quarter. Jacobs Levy Equity Management Inc. bought a new stake in National Bank during the 1st quarter valued at approximately $536,000. Bridgeway Capital Management LLC lifted its holdings in National Bank by 1.6% in the 1st quarter. Bridgeway Capital Management LLC now owns 161,730 shares of the financial services provider's stock worth $6,189,000 after purchasing an additional 2,616 shares in the last quarter. Finally, AQR Capital Management LLC boosted its stake in National Bank by 97.2% in the 1st quarter. AQR Capital Management LLC now owns 26,300 shares of the financial services provider's stock worth $1,007,000 after purchasing an additional 12,962 shares during the period. Hedge funds and other institutional investors own 92.65% of the company's stock.

National Bank Trading Up 7.1%

Shares of NBHC stock traded up $2.74 during trading hours on Thursday, reaching $41.60. 729,684 shares of the stock were exchanged, compared to its average volume of 306,002. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.18. National Bank Holdings Corporation has a 12-month low of $32.83 and a 12-month high of $51.76. The firm has a market capitalization of $1.58 billion, a price-to-earnings ratio of 13.42 and a beta of 0.78. The company's 50-day moving average price is $38.57 and its 200-day moving average price is $37.71.

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 during the quarter, compared to analyst estimates of $110.36 million. National Bank had a return on equity of 9.44% and a net margin of 20.02%.The company's revenue for the quarter was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.68 earnings per share. As a group, equities analysts anticipate that National Bank Holdings Corporation will post 3.31 earnings per share for the current year.

National Bank Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, August 29th were given a $-0.30 dividend. This represents a ($1.20) annualized dividend and a yield of -2.9%. The ex-dividend date of this dividend was Friday, August 29th. National Bank's dividend payout ratio is 38.71%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on NBHC. Hovde Group upgraded shares of National Bank from a "market perform" rating to an "outperform" rating and set a $46.00 price objective on the stock in a research report on Thursday. Keefe, Bruyette & Woods boosted their price target on shares of National Bank from $44.00 to $45.00 and gave the stock a "market perform" rating in a research note on Wednesday. DA Davidson raised their price objective on National Bank from $42.00 to $45.00 and gave the company a "buy" rating in a research report on Thursday, July 24th. Wall Street Zen raised National Bank from a "strong sell" rating to a "hold" rating in a report on Saturday, July 26th. Finally, Zacks Research raised National Bank from a "hold" rating to a "strong-buy" rating in a research note on Monday, September 1st. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, National Bank has a consensus rating of "Moderate Buy" and a consensus price target of $46.60.

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.