Peregrine Capital Management LLC increased its holdings in shares of National Bank Holdings Corporation (NYSE:NBHC - Free Report) by 9.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 146,101 shares of the financial services provider's stock after buying an additional 12,386 shares during the quarter. Peregrine Capital Management LLC owned about 0.38% of National Bank worth $5,591,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently added to or reduced their stakes in the company. Handelsbanken Fonder AB increased its stake in shares of National Bank by 40.4% during the 1st quarter. Handelsbanken Fonder AB now owns 7,300 shares of the financial services provider's stock valued at $279,000 after acquiring an additional 2,100 shares during the last quarter. SG Americas Securities LLC purchased a new stake in National Bank in the first quarter valued at approximately $289,000. Harbor Capital Advisors Inc. acquired a new position in National Bank during the first quarter worth approximately $526,000. Vest Financial LLC purchased a new position in National Bank during the first quarter worth approximately $727,000. Finally, GAMMA Investing LLC boosted its holdings in shares of National Bank by 4,552.1% in the 1st quarter. GAMMA Investing LLC now owns 20,283 shares of the financial services provider's stock valued at $776,000 after purchasing an additional 19,847 shares during the last quarter. 92.65% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of analysts have recently commented on NBHC shares. Hovde Group dropped their price objective on National Bank from $43.00 to $39.00 and set a "market perform" rating for the company in a report on Thursday, April 24th. Wall Street Zen downgraded National Bank from a "hold" rating to a "sell" rating in a research report on Friday, May 2nd. Finally, DA Davidson cut their price objective on National Bank from $46.00 to $42.00 and set a "buy" rating on the stock in a report on Wednesday, April 23rd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $46.00.
View Our Latest Analysis on NBHC
National Bank Trading Up 1.6%
Shares of National Bank stock traded up $0.63 during trading hours on Thursday, hitting $40.02. The company's stock had a trading volume of 157,851 shares, compared to its average volume of 236,468. The company has a quick ratio of 0.92, a current ratio of 0.93 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $1.52 billion, a PE ratio of 13.80 and a beta of 0.77. The business has a fifty day moving average of $36.88 and a 200 day moving average of $39.37. 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 quarterly earnings results on Tuesday, April 22nd. The financial services provider reported $0.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.76 by ($0.13). The company had revenue of $102.07 million during the quarter, compared to analyst estimates of $107.47 million. National Bank had a net margin of 18.75% and a return on equity of 9.02%. During the same quarter in the prior year, the company posted $0.82 earnings per share. As a group, equities analysts forecast that National Bank Holdings Corporation will post 3.31 EPS for the current year.
National Bank Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 30th were issued a dividend of $0.30 per share. This is an increase from National Bank's previous quarterly dividend of $0.29. This represents a $1.20 annualized dividend and a dividend yield of 3.00%. The ex-dividend date of this dividend was Friday, May 30th. National Bank's dividend payout ratio (DPR) is presently 41.38%.
About National Bank
(
Free Report)
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.
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