Rosenthal Henry Capital Advisors Inc. Sells 7,700 Shares of National Bank Holdings Corporation $NBHC

Key Points

• Rosenthal Henry Capital Advisors Inc. reduced its stake in National Bank Holdings Corporation by 22.8%, selling 7,700 shares during the second quarter, leaving them with approximately 0.07% ownership worth $981,000.
• National Bank recently announced a quarterly dividend of $-0.30 per share, resulting in an annualized dividend of -$1.20 and a dividend yield of -3.1%.
• Equities research analysts are optimistic about National Bank's future, with ratings ranging from "Strong Buy" to "Hold," and an average price target of $46.60 per share.

Rosenthal Henry Capital Advisors Inc. trimmed its stake in shares of National Bank Holdings Corporation (NYSE:NBHC - Free Report) by 22.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,075 shares of the financial services provider's stock after selling 7,700 shares during the quarter. Rosenthal Henry Capital Advisors Inc. owned approximately 0.07% of National Bank worth $981,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Focus Partners Advisor Solutions LLC lifted its holdings in National Bank by 0.3% in the first quarter. Focus Partners Advisor Solutions LLC now owns 107,104 shares of the financial services provider's stock valued at $4,099,000 after acquiring an additional 288 shares during the period. Quarry LP boosted its holdings in shares of National Bank by 40.3% in the first quarter. Quarry LP now owns 1,362 shares of the financial services provider's stock worth $52,000 after buying an additional 391 shares during the last quarter. CWM LLC boosted its holdings in shares of National Bank by 158.4% in the first quarter. CWM LLC now owns 783 shares of the financial services provider's stock worth $30,000 after buying an additional 480 shares during the last quarter. Harbor Capital Advisors Inc. grew its position in National Bank by 5.9% during the second quarter. Harbor Capital Advisors Inc. now owns 14,551 shares of the financial services provider's stock valued at $547,000 after buying an additional 805 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in 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 valued at $844,000 after buying an additional 1,079 shares during the last quarter. Hedge funds and other institutional investors own 92.65% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on NBHC shares. Keefe, Bruyette & Woods boosted their price objective on shares of National Bank from $44.00 to $45.00 and gave the company a "market perform" rating in a research report on Wednesday, September 17th. Wall Street Zen raised National Bank from a "strong sell" rating to a "hold" rating in a report on Saturday, July 26th. Hovde Group raised 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, September 18th. Weiss Ratings reiterated a "hold (c)" rating on shares of National Bank in a research note on Saturday, September 27th. Finally, DA Davidson raised their target price 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. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $46.60.

National Bank Stock Up 0.5%

Shares of NBHC stock opened at $38.74 on Wednesday. The company's fifty day simple moving average is $38.40 and its two-hundred day simple moving average is $37.66. National Bank Holdings Corporation has a 52 week low of $32.83 and a 52 week high of $51.76. The stock has a market cap of $1.47 billion, a P/E ratio of 12.50 and a beta of 0.75. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.18.

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, topping the consensus estimate of $0.82 by $0.06. The firm had revenue of $104.48 million for the quarter, compared to analysts' expectations of $110.36 million. National Bank had a return on equity of 9.44% and a net margin of 20.02%.The business's revenue was up 7.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.68 earnings per share. Analysts predict that National Bank Holdings Corporation will post 3.31 EPS for the current fiscal year.

National Bank Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, August 29th were given a dividend of $-0.30 per share. This represents a ($1.20) dividend on an annualized basis and a dividend yield of -3.1%. The ex-dividend date was Friday, August 29th. National Bank's dividend payout ratio is currently 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.

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