Numerai GP LLC Decreases Stake in National Bank Holdings Corporation $NBHC

Numerai GP LLC decreased its stake in shares of National Bank Holdings Corporation (NYSE:NBHC) by 19.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 96,473 shares of the financial services provider’s stock after selling 22,830 shares during the quarter. Numerai GP LLC owned about 0.26% of National Bank worth $3,728,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of NBHC. Maltese Capital Management LLC lifted its stake in shares of National Bank by 2.2% during the third quarter. Maltese Capital Management LLC now owns 414,000 shares of the financial services provider’s stock worth $15,997,000 after buying an additional 9,000 shares during the period. Citadel Advisors LLC increased its position in shares of National Bank by 144.1% in the 3rd quarter. Citadel Advisors LLC now owns 236,354 shares of the financial services provider’s stock valued at $9,133,000 after acquiring an additional 139,527 shares during the period. Brevan Howard Capital Management LP acquired a new position in shares of National Bank in the 3rd quarter valued at $826,000. Aquatic Capital Management LLC raised its stake in National Bank by 168.7% in the 3rd quarter. Aquatic Capital Management LLC now owns 33,365 shares of the financial services provider’s stock worth $1,289,000 after acquiring an additional 20,949 shares during the last quarter. Finally, Creative Planning purchased a new position in National Bank in the 3rd quarter worth $222,000. Institutional investors and hedge funds own 92.65% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on NBHC shares. Wall Street Zen downgraded National Bank from a “hold” rating to a “sell” rating in a research note on Saturday, January 31st. Zacks Research upgraded National Bank from a “strong sell” rating to a “hold” rating in a research note on Monday, December 22nd. DA Davidson reiterated a “buy” rating and issued a $48.00 target price on shares of National Bank in a research report on Thursday, February 19th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of National Bank in a report on Thursday, January 22nd. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $45.25.

National Bank Price Performance

Shares of NBHC opened at $39.05 on Tuesday. The business’s 50-day moving average is $40.60 and its two-hundred day moving average is $38.95. The company has a market capitalization of $1.76 billion, a P/E ratio of 13.70 and a beta of 0.79. National Bank Holdings Corporation has a fifty-two week low of $32.83 and a fifty-two week high of $42.99. 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 (EPS) for the quarter, missing the consensus estimate of $0.87 by ($0.27). The company had revenue of $99.08 million during the quarter, compared to analyst estimates 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 last year, the firm earned $0.86 EPS. Research analysts predict that National Bank Holdings Corporation will post 3.31 earnings per share for the current year.

National Bank Increases Dividend

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

Insider Buying and Selling

In other news, insider John Steinmetz acquired 24,200 shares of the company’s stock in a transaction dated Wednesday, February 11th. The shares were acquired 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 $22,216,630.64. This trade represents a 4.72% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.90% of the company’s stock.

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.