National Bank Holdings Co. (NYSE:NBHC) Shares Sold by Peregrine Capital Management LLC

Peregrine Capital Management LLC lessened its stake in shares of National Bank Holdings Co. (NYSE:NBHC - Free Report) by 24.8% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 218,040 shares of the financial services provider's stock after selling 72,067 shares during the period. Peregrine Capital Management LLC owned about 0.58% of National Bank worth $8,109,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. FMR LLC raised its stake in shares of National Bank by 78.9% during the third quarter. FMR LLC now owns 850 shares of the financial services provider's stock valued at $25,000 after acquiring an additional 375 shares in the last quarter. Captrust Financial Advisors raised its stake in National Bank by 145.4% in the first quarter. Captrust Financial Advisors now owns 1,698 shares of the financial services provider's stock worth $68,000 after buying an additional 1,006 shares in the last quarter. Point72 Hong Kong Ltd raised its stake in National Bank by 2,677.4% in the first quarter. Point72 Hong Kong Ltd now owns 1,722 shares of the financial services provider's stock worth $69,000 after buying an additional 1,660 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in National Bank by 24.4% in the first quarter. Tower Research Capital LLC TRC now owns 2,005 shares of the financial services provider's stock worth $67,000 after buying an additional 393 shares in the last quarter. Finally, Ameritas Investment Partners Inc. raised its stake in National Bank by 27.2% in the second quarter. Ameritas Investment Partners Inc. now owns 3,044 shares of the financial services provider's stock worth $88,000 after buying an additional 650 shares in the last quarter. Institutional investors own 92.65% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on NBHC shares. Piper Sandler boosted their price objective on shares of National Bank from $40.00 to $41.00 and gave the stock an "overweight" rating in a research note on Thursday, January 25th. StockNews.com raised shares of National Bank from a "sell" rating to a "hold" rating in a research note on Thursday, April 4th. Finally, TheStreet downgraded shares of National Bank from a "b" rating to a "c+" rating in a research note on Monday, March 18th.

National Bank Stock Down 6.9 %

Shares of NBHC stock traded down $2.44 during trading hours on Wednesday, reaching $33.08. 163,961 shares of the company's stock were exchanged, compared to its average volume of 170,620. The stock's 50 day moving average is $34.29 and its 200-day moving average is $33.81. The company has a market cap of $1.25 billion, a price-to-earnings ratio of 8.89 and a beta of 0.84. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.33. National Bank Holdings Co. has a fifty-two week low of $26.48 and a fifty-two week high of $38.71.

National Bank (NYSE:NBHC - Get Free Report) last issued its quarterly earnings results on Wednesday, January 24th. The financial services provider reported $0.87 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.84 by $0.03. The business had revenue of $107.23 million for the quarter, compared to the consensus estimate of $103.96 million. National Bank had a return on equity of 12.20% and a net margin of 25.40%. The business's quarterly revenue was down 3.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.91 earnings per share. Analysts predict that National Bank Holdings Co. will post 3.33 earnings per share for the current fiscal year.

National Bank Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, February 23rd were given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 3.26%. The ex-dividend date of this dividend was Thursday, February 22nd. National Bank's payout ratio is presently 29.03%.

National Bank 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.