National Bank Holdings Co. (NYSE:NBHC) Short Interest Down 16.8% in November

National Bank Holdings Co. (NYSE:NBHC) was the recipient of a significant decrease in short interest during the month of November. As of November 15th, there was short interest totalling 755,400 shares, a decrease of 16.8% from the October 31st total of 908,200 shares. Based on an average daily volume of 204,700 shares, the short-interest ratio is currently 3.7 days.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on NBHC shares. DA Davidson lifted their price target on shares of National Bank from $51.00 to $53.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Piper Sandler boosted their price objective on shares of National Bank from $44.00 to $48.00 and gave the stock a “neutral” rating in a research note on Thursday, October 24th. Stephens boosted their price objective on shares of National Bank from $46.00 to $49.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 24th. Finally, Hovde Group cut shares of National Bank from an “outperform” rating to a “market perform” rating and set a $55.00 target price on the stock. in a research report on Monday, November 18th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, National Bank has a consensus rating of “Hold” and an average price target of $50.00.

National Bank Stock Performance

Shares of NBHC opened at $47.74 on Monday. The firm has a 50-day moving average price of $44.90 and a 200 day moving average price of $41.67. The firm has a market capitalization of $1.81 billion, a PE ratio of 14.78 and a beta of 0.84. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.04. National Bank has a 52-week low of $32.13 and a 52-week high of $51.76.

National Bank (NYSE:NBHC) last posted its quarterly earnings data on Tuesday, October 22nd. The financial services provider reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.76 by $0.10. The company had revenue of $156.39 million during the quarter, compared to analyst estimates of $102.32 million. National Bank had a net margin of 20.52% and a return on equity of 9.93%. During the same period in the prior year, the firm earned $0.94 earnings per share. On average, sell-side analysts anticipate that National Bank will post 3.18 earnings per share for the current fiscal year.

National Bank Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be issued a $0.29 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.16 dividend on an annualized basis and a yield of 2.43%. This is an increase from National Bank’s previous quarterly dividend of $0.28. National Bank’s dividend payout ratio is currently 34.67%.

Insider Transactions at National Bank

In other National Bank news, insider Valerie D. Kramer sold 897 shares of the business’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $50.11, for a total transaction of $44,948.67. Following the sale, the insider now directly owns 9,755 shares in the company, valued at $488,823.05. This represents a 8.42 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Richard U. Jr. Newfield sold 19,259 shares of National Bank stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $49.81, for a total transaction of $959,290.79. Following the completion of the transaction, the insider now directly owns 143,210 shares in the company, valued at $7,133,290.10. The trade was a 11.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 25,181 shares of company stock worth $1,230,667. Insiders own 3.10% of the company’s stock.

Hedge Funds Weigh In On National Bank

A number of hedge funds have recently added to or reduced their stakes in NBHC. Victory Capital Management Inc. boosted its position in shares of National Bank by 12,407.1% in the second quarter. Victory Capital Management Inc. now owns 1,824,912 shares of the financial services provider’s stock valued at $71,263,000 after acquiring an additional 1,810,321 shares during the period. Principal Financial Group Inc. grew its position in shares of National Bank by 194.7% during the 2nd quarter. Principal Financial Group Inc. now owns 577,793 shares of the financial services provider’s stock worth $22,563,000 after buying an additional 381,754 shares during the period. American Century Companies Inc. lifted its holdings in shares of National Bank by 154.8% during the 2nd quarter. American Century Companies Inc. now owns 377,929 shares of the financial services provider’s stock valued at $14,758,000 after purchasing an additional 229,630 shares in the last quarter. Boston Partners lifted its holdings in shares of National Bank by 743.6% during the 1st quarter. Boston Partners now owns 200,094 shares of the financial services provider’s stock valued at $7,211,000 after purchasing an additional 176,375 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of National Bank by 9.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,950,210 shares of the financial services provider’s stock valued at $76,152,000 after purchasing an additional 167,711 shares in the last quarter. Institutional investors and hedge funds own 92.65% of the company’s stock.

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.