Short Interest in National Bank Holdings Corporation (NYSE:NBHC) Grows By 46.9%

National Bank Holdings Corporation (NYSE:NBHC) saw a significant growth in short interest during the month of January. As of January 15th, there was short interest totaling 794,439 shares, a growth of 46.9% from the December 31st total of 540,774 shares. Currently, 2.2% of the shares of the company are sold short. Based on an average trading volume of 423,403 shares, the days-to-cover ratio is currently 1.9 days. Based on an average trading volume of 423,403 shares, the days-to-cover ratio is currently 1.9 days. Currently, 2.2% of the shares of the company are sold short.

Institutional Investors Weigh In On National Bank

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Aster Capital Management DIFC Ltd grew its position in shares of National Bank by 650.9% during the 3rd quarter. Aster Capital Management DIFC Ltd now owns 796 shares of the financial services provider’s stock valued at $31,000 after acquiring an additional 690 shares during the period. Quarry LP raised its stake in National Bank by 50.8% during the 3rd quarter. Quarry LP now owns 1,819 shares of the financial services provider’s stock worth $70,000 after acquiring an additional 613 shares during the period. Nisa Investment Advisors LLC lifted its holdings in National Bank by 17.9% during the fourth quarter. Nisa Investment Advisors LLC now owns 3,283 shares of the financial services provider’s stock valued at $125,000 after purchasing an additional 499 shares in the last quarter. Tower Research Capital LLC TRC boosted its position 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 period. Finally, Savant Capital LLC bought a new stake in shares of National Bank during the 3rd quarter valued at $211,000. Hedge funds and other institutional investors own 92.65% of the company’s stock.

National Bank Price Performance

Shares of NBHC stock opened at $40.18 on Friday. 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 has a fifty-two week low of $32.83 and a fifty-two week high of $44.11. The firm has a market cap of $1.52 billion, a P/E ratio of 14.10 and a beta of 0.81. The business’s 50 day moving average price is $39.32 and its 200-day moving average price is $38.40.

National Bank (NYSE:NBHC) last announced its earnings results on Tuesday, January 27th. The financial services provider reported $0.60 earnings per share for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.27). The company had revenue of $100.64 million for the quarter, compared to the consensus estimate of $107.48 million. National Bank had a net margin of 18.66% and a return on equity of 8.65%. During the same period in the previous year, the firm posted $0.86 EPS. On average, equities research analysts anticipate that National Bank will post 3.31 earnings per share for the current year.

National Bank Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 27th will be paid a dividend of $0.32 per share. The ex-dividend date is Friday, February 27th. This represents a $1.28 dividend on an annualized basis and a yield of 3.2%. This is an increase from National Bank’s previous quarterly dividend of $0.31. National Bank’s dividend payout ratio (DPR) is 43.51%.

Analyst Upgrades and Downgrades

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

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.