National Bank Holdings Corporation (NYSE:NBHC) Short Interest Down 19.3% in August

Key Points

• National Bank Holdings Corporation's short interest decreased by 19.3% in August, from 615,900 to 497,300 shares, representing approximately 1.3% of the company's total shares.
• Institutional investors own 92.65% of National Bank's stock, with several hedge funds significantly increasing their positions during the second quarter.
• Research analysts have upgraded National Bank's ratings, with a consensus price target of $46.60, reflecting increased confidence in the company's performance.

National Bank Holdings Corporation (NYSE:NBHC - Get Free Report) was the target of a significant decrease in short interest in the month of August. As of August 31st, there was short interest totaling 497,300 shares, a decrease of 19.3% from the August 15th total of 615,900 shares. Approximately 1.3% of the company's shares are sold short. Based on an average daily volume of 294,300 shares, the short-interest ratio is currently 1.7 days. Based on an average daily volume of 294,300 shares, the short-interest ratio is currently 1.7 days. Approximately 1.3% of the company's shares are sold short.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Osaic Holdings Inc. increased its position in shares of National Bank by 126.0% during the second quarter. Osaic Holdings Inc. now owns 6,367 shares of the financial services provider's stock worth $239,000 after acquiring an additional 3,550 shares in the last quarter. Westwood Holdings Group Inc. boosted its stake in National Bank by 8.3% during the 2nd quarter. Westwood Holdings Group Inc. now owns 1,570,981 shares of the financial services provider's stock valued at $59,085,000 after purchasing an additional 120,754 shares during the last quarter. Public Sector Pension Investment Board increased its holdings in National Bank by 7.6% during the 2nd quarter. Public Sector Pension Investment Board now owns 129,850 shares of the financial services provider's stock worth $4,884,000 after purchasing an additional 9,207 shares in the last quarter. CANADA LIFE ASSURANCE Co increased its holdings in National Bank by 5.3% during the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 33,175 shares of the financial services provider's stock worth $1,247,000 after purchasing an additional 1,656 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised its stake in shares of National Bank by 131.3% in the second quarter. Tower Research Capital LLC TRC now owns 3,395 shares of the financial services provider's stock worth $128,000 after purchasing an additional 1,927 shares during the last quarter. 92.65% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

National Bank Stock Up 7.1%

National Bank stock traded up $2.74 during midday trading on Thursday, reaching $41.60. The stock had a trading volume of 729,684 shares, compared to its average volume of 306,002. The company has a fifty day moving average price of $38.57 and a two-hundred day moving average price of $37.71. The company has a market capitalization of $1.58 billion, a P/E ratio of 13.42 and a beta of 0.78. 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 has a 12 month low of $32.83 and a 12 month high of $51.76.

National Bank (NYSE:NBHC - Get Free Report) last released its quarterly earnings data on Tuesday, July 22nd. The financial services provider reported $0.88 EPS for the quarter, beating the consensus estimate of $0.82 by $0.06. National Bank had a return on equity of 9.44% and a net margin of 20.02%.The firm had revenue of $104.48 million during the quarter, compared to the consensus estimate of $110.36 million. During the same quarter in the previous year, the company posted $0.68 earnings per share. The company's quarterly revenue was up 7.0% on a year-over-year basis. As a group, equities analysts expect that National Bank will post 3.31 EPS for the current fiscal 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 paid a $-0.30 dividend. This represents a ($1.20) dividend on an annualized basis and a dividend yield of -2.9%. The ex-dividend date of this dividend was Friday, August 29th. National Bank's dividend payout ratio (DPR) is 38.71%.

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.

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