AQR Capital Management LLC Boosts Holdings in National Bank Holdings Co. (NYSE:NBHC)

AQR Capital Management LLC grew its stake in shares of National Bank Holdings Co. (NYSE:NBHC) by 49.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,378 shares of the financial services provider’s stock after purchasing an additional 3,415 shares during the quarter. AQR Capital Management LLC’s holdings in National Bank were worth $405,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in NBHC. Wellington Management Group LLP boosted its stake in shares of National Bank by 6.5% during the fourth quarter. Wellington Management Group LLP now owns 3,904,987 shares of the financial services provider’s stock valued at $145,226,000 after purchasing an additional 239,401 shares during the period. Vanguard Group Inc. raised its holdings in shares of National Bank by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 4,220,345 shares of the financial services provider’s stock valued at $156,955,000 after acquiring an additional 25,349 shares in the last quarter. Range Financial Group LLC raised its holdings in shares of National Bank by 18.8% in the first quarter. Range Financial Group LLC now owns 34,133 shares of the financial services provider’s stock valued at $1,231,000 after acquiring an additional 5,400 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in shares of National Bank by 45.9% in the first quarter. BNP Paribas Financial Markets now owns 18,398 shares of the financial services provider’s stock valued at $664,000 after acquiring an additional 5,790 shares in the last quarter. Finally, Texas Permanent School Fund Corp raised its holdings in shares of National Bank by 1.4% in the first quarter. Texas Permanent School Fund Corp now owns 33,069 shares of the financial services provider’s stock valued at $1,193,000 after acquiring an additional 449 shares in the last quarter. 92.65% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO G. Timothy Laney sold 49,763 shares of the business’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $42.64, for a total transaction of $2,121,894.32. Following the transaction, the chief executive officer now directly owns 272,126 shares of the company’s stock, valued at approximately $11,603,452.64. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other National Bank news, CEO G. Timothy Laney sold 49,763 shares of the stock in a transaction on Monday, July 29th. The shares were sold at an average price of $42.64, for a total transaction of $2,121,894.32. Following the sale, the chief executive officer now directly owns 272,126 shares of the company’s stock, valued at approximately $11,603,452.64. This represents a 0.00 % 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, Director Patrick G. Sobers sold 18,738 shares of the stock in a transaction on Friday, July 26th. The stock was sold at an average price of $43.10, for a total transaction of $807,607.80. Following the sale, the director now directly owns 20,788 shares in the company, valued at $895,962.80. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 103,192 shares of company stock worth $4,431,998 over the last ninety days. 3.10% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

NBHC has been the subject of a number of recent research reports. StockNews.com downgraded shares of National Bank from a “hold” rating to a “sell” rating in a report on Wednesday, July 24th. Keefe, Bruyette & Woods upped their price objective on shares of National Bank from $39.00 to $45.00 and gave the company a “market perform” rating in a report on Monday, July 29th. DA Davidson upped their price objective on shares of National Bank from $42.00 to $45.00 and gave the company a “buy” rating in a report on Tuesday, July 2nd. Stephens upped their price objective on shares of National Bank from $38.00 to $46.00 and gave the company an “equal weight” rating in a report on Thursday, July 25th. Finally, Hovde Group upped their price objective on shares of National Bank from $42.00 to $50.00 and gave the company an “outperform” rating in a report on Friday, July 26th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $46.40.

National Bank Stock Up 1.2 %

Shares of NYSE:NBHC opened at $43.02 on Wednesday. The company has a market cap of $1.63 billion, a price-to-earnings ratio of 12.36 and a beta of 0.85. The firm’s 50-day simple moving average is $41.59 and its 200-day simple moving average is $38.76. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.07. National Bank Holdings Co. has a fifty-two week low of $28.38 and a fifty-two week high of $46.51.

National Bank (NYSE:NBHC) last announced its earnings results on Tuesday, July 23rd. The financial services provider reported $0.68 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.06). The business had revenue of $99.31 million for the quarter, compared to analyst estimates of $102.96 million. National Bank had a return on equity of 10.44% and a net margin of 21.40%. The business’s revenue was down 5.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.85 EPS. As a group, equities research analysts predict that National Bank Holdings Co. will post 3.03 earnings per share for the current year.

National Bank Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were paid a dividend of $0.28 per share. The ex-dividend date was Friday, August 30th. This represents a $1.12 annualized dividend and a yield of 2.60%. National Bank’s dividend payout ratio is currently 32.18%.

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.