AlphaQuest LLC Has $1.66 Million Position in National Bank Holdings Corporation $NBHC

AlphaQuest LLC increased its position in shares of National Bank Holdings Corporation (NYSE:NBHC) by 110.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 43,045 shares of the financial services provider’s stock after acquiring an additional 22,583 shares during the period. AlphaQuest LLC owned about 0.11% of National Bank worth $1,663,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in NBHC. Assenagon Asset Management S.A. acquired a new stake in shares of National Bank in the 3rd quarter valued at $25,869,000. Deprince Race & Zollo Inc. acquired a new position in shares of National Bank during the 3rd quarter worth $14,240,000. Millennium Management LLC lifted its position in shares of National Bank by 2,057.9% during the 1st quarter. Millennium Management LLC now owns 199,453 shares of the financial services provider’s stock worth $7,633,000 after buying an additional 190,210 shares during the last quarter. Westwood Holdings Group Inc. lifted its position in shares of 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 worth $59,085,000 after buying an additional 120,754 shares during the last quarter. Finally, Jane Street Group LLC boosted its stake in National Bank by 283.8% in the first quarter. Jane Street Group LLC now owns 86,538 shares of the financial services provider’s stock valued at $3,312,000 after buying an additional 63,989 shares in the last quarter. 92.65% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have commented on NBHC. Wall Street Zen downgraded National Bank from a “hold” rating to a “sell” rating in a research note on Saturday. Zacks Research upgraded shares of National Bank from a “strong sell” rating to a “hold” rating in a research report on Monday, December 22nd. Stephens upgraded shares of National Bank from an “equal weight” rating to an “overweight” rating and set a $42.00 target price on the stock in a research report on Monday, November 10th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of National Bank in a research note on Thursday, January 22nd. Finally, DA Davidson reiterated a “buy” rating and set a $46.00 price target on shares of National Bank in a report on Wednesday. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $44.75.

National Bank Trading Up 0.5%

Shares of NYSE NBHC opened at $40.18 on Friday. The firm has a 50 day moving average price of $39.32 and a two-hundred day moving average price of $38.40. The stock has a market cap of $1.52 billion, a P/E ratio of 14.10 and a beta of 0.81. National Bank Holdings Corporation has a 52-week low of $32.83 and a 52-week high of $44.11. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.93 and a current ratio of 0.94.

National Bank (NYSE:NBHC) last issued its quarterly earnings data on Tuesday, January 27th. The financial services provider reported $0.60 earnings per share for the quarter, missing the consensus estimate of $0.87 by ($0.27). The business had revenue of $100.64 million during the quarter, compared to the consensus estimate of $107.48 million. National Bank had a return on equity of 8.65% and a net margin of 18.66%.During the same period in the prior year, the firm earned $0.86 EPS. As a group, equities analysts forecast that National Bank Holdings Corporation will post 3.31 EPS for the current year.

National Bank Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 27th will be paid a $0.32 dividend. The ex-dividend date of this dividend is Friday, February 27th. This is a positive change from National Bank’s previous quarterly dividend of $0.31. This represents a $1.28 annualized dividend and a dividend yield of 3.2%. National Bank’s payout ratio is currently 43.51%.

National Bank Company Profile

National Bank Holdings Corporation (NYSE: NBHC) is a diversified financial services holding company headquartered in Cape Girardeau, Missouri. Through its network of community bank subsidiaries, the company provides deposit, lending and payment solutions to consumer, small business and commercial clients across multiple U.S. markets.

Since its founding in 1992, National Bank Holdings has pursued a growth strategy focused on acquiring and integrating locally branded community banks. Its footprint spans the Midwest and Southern United States, including Missouri, Kansas, Oklahoma, Texas, Colorado, Illinois and Tennessee.