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

National Bank Holdings Corporation (NYSE:NBHC) was the target of a significant increase in short interest in the month of January. As of January 15th, there was short interest totaling 794,439 shares, an increase of 46.9% from the December 31st total of 540,774 shares. Based on an average daily trading volume, of 423,403 shares, the short-interest ratio is presently 1.9 days. Approximately 2.2% of the company’s stock are sold short. Approximately 2.2% of the company’s stock are sold short. Based on an average daily trading volume, of 423,403 shares, the short-interest ratio is presently 1.9 days.

Institutional Trading of National Bank

Large investors have recently bought and sold shares of the stock. State Street Corp boosted its stake in shares of National Bank by 1.1% in the 2nd quarter. State Street Corp now owns 1,718,009 shares of the financial services provider’s stock valued at $64,614,000 after purchasing an additional 19,107 shares in the last quarter. Westwood Holdings Group Inc. raised its position in shares of National Bank by 8.3% during the second quarter. Westwood Holdings Group Inc. now owns 1,570,981 shares of the financial services provider’s stock worth $59,085,000 after acquiring an additional 120,754 shares during the last quarter. Deprince Race & Zollo Inc. raised its holdings in National Bank by 215.4% during the 4th quarter. Deprince Race & Zollo Inc. now owns 1,162,432 shares of the financial services provider’s stock worth $44,184,000 after purchasing an additional 793,902 shares during the last quarter. Segall Bryant & Hamill LLC raised its stake in shares of National Bank by 6.8% during the third quarter. Segall Bryant & Hamill LLC now owns 964,261 shares of the financial services provider’s stock worth $37,259,000 after buying an additional 61,771 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in shares of National Bank by 2.1% during the 2nd quarter. Geode Capital Management LLC now owns 903,808 shares of the financial services provider’s stock valued at $33,996,000 after acquiring an additional 18,612 shares during the last quarter. 92.65% of the stock is currently owned by institutional investors.

National Bank Price Performance

NYSE:NBHC opened at $40.62 on Tuesday. The company has a fifty day moving average price of $39.39 and a 200 day moving average price of $38.40. The stock has a market cap of $1.54 billion, a P/E ratio of 14.25 and a beta of 0.81. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.94 and a quick ratio of 0.93. National Bank has a one year low of $32.83 and a one year high of $44.11.

National Bank (NYSE:NBHC) last released 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). National Bank had a return on equity of 8.65% and a net margin of 18.66%.The firm had revenue of $100.64 million for the quarter, compared to analyst estimates of $107.48 million. During the same period last year, the business earned $0.86 earnings per share. Analysts anticipate that National Bank will post 3.31 earnings per share for the current year.

National Bank Increases Dividend

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

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Zacks Research raised National Bank from a “strong sell” rating to a “hold” rating in a research note on Monday, December 22nd. Stephens upgraded shares of National Bank from an “equal weight” rating to an “overweight” rating and set a $42.00 price target for the company in a report on Monday, November 10th. Wall Street Zen downgraded shares of National Bank from a “hold” rating to a “sell” rating in a research report on Saturday. DA Davidson restated a “buy” rating and issued a $46.00 target price on shares of National Bank in a research note on Wednesday, January 28th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of National Bank in a research report on Thursday, January 22nd. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $44.75.

About National Bank

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.