National Bank Holdings Corporation $NBHC Stock: Islay Capital Management LLC Cuts Holdings

Islay Capital Management LLC cut its holdings in National Bank Holdings Corporation (NYSE:NBHC) by 58.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 11,127 shares of the financial services provider’s stock after selling 15,818 shares during the quarter. Islay Capital Management LLC’s holdings in National Bank were worth $436,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Nykredit A S acquired a new stake in shares of National Bank in the 2nd quarter valued at approximately $34,000. Versant Capital Management Inc raised its stake in shares of National Bank by 108.7% during the 3rd quarter. Versant Capital Management Inc now owns 887 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 462 shares in the last quarter. Integrated Wealth Concepts LLC bought a new position in National Bank during the second quarter worth about $90,000. Arrowstreet Capital Limited Partnership acquired a new position in shares of National Bank in the first quarter valued at $219,000. Finally, Pictet Asset Management Holding SA acquired a new position in shares of National Bank in the first quarter valued at approximately $221,000. Institutional investors and hedge funds own 92.65% of the company’s stock.

National Bank Stock Up 1.0%

Shares of National Bank stock traded up $0.39 on Tuesday, hitting $37.89. The company had a trading volume of 59,748 shares, compared to its average volume of 457,327. National Bank Holdings Corporation has a 1 year low of $35.06 and a 1 year high of $47.28. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.96 and a current ratio of 0.97. The stock has a 50 day moving average of $40.52 and a 200-day moving average of $41.97. The stock has a market capitalization of $1.69 billion, a price-to-earnings ratio of 15.92 and a beta of 0.84.

National Bank (NYSE:NBHC) last announced its earnings results on Tuesday, July 21st. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.81 by ($0.03). The company had revenue of $129.94 million for the quarter, compared to analysts’ expectations of $135.08 million. National Bank had a net margin of 15.11% and a return on equity of 8.35%. The firm’s quarterly revenue was up 23.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.88 EPS. As a group, sell-side analysts forecast that National Bank Holdings Corporation will post 2.80 earnings per share for the current year.

National Bank Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Friday, August 28th were given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend was Friday, August 28th. National Bank’s dividend payout ratio is presently 53.78%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on NBHC. DA Davidson cut their target price on National Bank from $45.00 to $43.00 and set a “buy” rating for the company in a research report on Monday, October 5th. Piper Sandler dropped their price target on shares of National Bank from $49.00 to $45.00 and set an “overweight” rating on the stock in a research report on Thursday, October 15th. Stephens downgraded shares of National Bank from an “overweight” rating to an “equal weight” rating and set a $46.00 price target for the company. in a research note on Thursday, August 6th. Weiss Ratings lowered National Bank from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday. Finally, Zacks Research upgraded National Bank from a “strong sell” rating to a “hold” rating in a report on Monday, October 5th. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $44.67.

About National Bank

National Bank Holdings Corporation (NYSE: NBHC) is a bank holding company headquartered in Greenwood Village, Colorado. Through its banking subsidiary, NBH Bank, the company provides community banking services to individuals, families, businesses and institutions.

Its products and services include checking and savings accounts, certificates of deposit, consumer and residential lending, commercial and industrial loans, commercial real estate financing, treasury management, wealth management and other financial services.