Short Interest in National Bank Holdings Corporation (NYSE:NBHC) Grows By 24.4%

National Bank Holdings Corporation (NYSE:NBHC) saw a large increase in short interest in March. As of March 13th, there was short interest totaling 1,416,125 shares, an increase of 24.4% from the February 26th total of 1,138,630 shares. Based on an average daily volume of 598,449 shares, the short-interest ratio is currently 2.4 days. Currently, 3.2% of the shares of the stock are sold short.

Insider Buying and Selling at National Bank

In other National Bank news, insider John Steinmetz acquired 24,200 shares of the stock in a transaction dated Wednesday, February 11th. The shares were bought at an average price of $41.41 per share, with a total value of $1,002,122.00. Following the purchase, the insider directly owned 536,504 shares of the company’s stock, valued at approximately $22,216,630.64. This trade represents a 4.72% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 2.90% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Aster Capital Management DIFC Ltd boosted its stake 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 buying an additional 690 shares during the period. Meeder Asset Management Inc. acquired a new position in shares of National Bank in the fourth quarter worth $48,000. Global Retirement Partners LLC acquired a new position in shares of National Bank in the fourth quarter worth $66,000. State of Wyoming purchased a new stake in shares of National Bank during the fourth quarter worth $69,000. Finally, Quarry LP boosted its position in National Bank by 50.8% during the third quarter. Quarry LP now owns 1,819 shares of the financial services provider’s stock valued at $70,000 after purchasing an additional 613 shares during the last quarter. Institutional investors and hedge funds own 92.65% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on NBHC shares. DA Davidson restated a “buy” rating and set a $48.00 target price on shares of National Bank in a report on Thursday, February 19th. Wall Street Zen cut National Bank from a “hold” rating to a “sell” rating in a report on Saturday, January 31st. Piper Sandler assumed coverage on National Bank in a research report on Wednesday, March 25th. They set an “overweight” rating and a $48.00 price objective for the company. Zacks Research raised National Bank from a “strong sell” rating to a “hold” rating in a research note on Monday, December 22nd. Finally, Weiss Ratings restated a “hold (c)” rating on shares of National Bank in a report on Thursday, January 22nd. Four analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, National Bank currently has an average rating of “Moderate Buy” and a consensus price target of $45.80.

National Bank Stock Up 1.2%

NYSE:NBHC traded up $0.44 during trading hours on Monday, hitting $38.38. 449,134 shares of the company’s stock traded hands, compared to its average volume of 588,581. The stock’s fifty day moving average price is $40.28 and its two-hundred day moving average price is $38.90. The firm has a market cap of $1.73 billion, a P/E ratio of 13.47 and a beta of 0.79. 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 twelve month low of $32.83 and a twelve month high of $42.99.

National Bank (NYSE:NBHC) last announced its quarterly earnings data on Tuesday, January 27th. The financial services provider reported $0.60 EPS for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.27). The business had revenue of $99.08 million for the quarter, compared to analyst estimates of $107.48 million. National Bank had a return on equity of 8.65% and a net margin of 18.66%.During the same quarter in the previous year, the business posted $0.86 earnings per share. On average, research analysts expect that National Bank will post 3.31 earnings per share for the current fiscal year.

National Bank Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 13th. Investors of record on Friday, February 27th were issued a dividend of $0.32 per share. This is an increase from National Bank’s previous quarterly dividend of $0.31. This represents a $1.28 annualized dividend and a dividend yield of 3.3%. The ex-dividend date was Friday, February 27th. National Bank’s dividend payout ratio is 44.91%.

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.