Entropy Technologies LP Purchases New Shares in National Bank Holdings Corporation $NBHC

Key Points

• Entropy Technologies LP has invested approximately $313,000 in National Bank Holdings Corporation, acquiring 8,190 shares in the first quarter.
• National Bank recently reported earnings of $0.88 per share, exceeding the consensus estimate and marking a 7.0% increase in revenue year-over-year.
• The company announced a quarterly dividend of $-0.30 per share, reflecting a negative yield of -3.2%, with a payout ratio of 38.71%.

Entropy Technologies LP bought a new stake in National Bank Holdings Corporation (NYSE:NBHC - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor bought 8,190 shares of the financial services provider's stock, valued at approximately $313,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. CWM LLC raised its holdings in shares of 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 purchasing an additional 480 shares during the period. Quarry LP raised its holdings in shares of National Bank by 503.1% in 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 period. Sterling Capital Management LLC raised its holdings in shares of National Bank by 815.5% in the 4th quarter. Sterling Capital Management LLC now owns 1,181 shares of the financial services provider's stock valued at $51,000 after purchasing an additional 1,052 shares during the period. Aquatic Capital Management LLC bought a new stake in shares of National Bank in the 4th quarter valued at about $174,000. Finally, Wealth Enhancement Advisory Services LLC bought a new stake in shares of National Bank in the 4th quarter valued at about $230,000. 92.65% of the stock is owned by institutional investors.

National Bank Price Performance

Shares of National Bank stock traded down $0.2050 on Tuesday, reaching $37.7150. 31,843 shares of the stock were exchanged, compared to its average volume of 253,787. The firm's 50 day moving average is $38.06 and its 200-day moving average is $38.25. National Bank Holdings Corporation has a one year low of $32.83 and a one year high of $51.76. 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 firm has a market cap of $1.44 billion, a PE ratio of 12.18 and a beta of 0.77.

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

National Bank Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, August 29th will be paid a dividend of $-0.30 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a ($1.20) annualized dividend and a dividend yield of -3.2%. National Bank's dividend payout ratio (DPR) is presently 38.71%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. 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 upped their price target on shares of National Bank from $39.00 to $42.00 and gave the company a "market perform" rating in a research note on Thursday, July 24th. Finally, DA Davidson upped their price target 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. One analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat.com, National Bank currently has an average rating of "Hold" and a consensus price target of $47.20.

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.