National Bank Holdings Co. (NYSE:NBHC) Sees Large Decline in Short Interest

National Bank Holdings Co. (NYSE:NBHC) saw a large decline in short interest during the month of November. As of November 15th, there was short interest totalling 755,400 shares, a decline of 16.8% from the October 31st total of 908,200 shares. Based on an average daily volume of 204,700 shares, the days-to-cover ratio is currently 3.7 days.

National Bank Stock Down 0.9 %

National Bank stock opened at $47.74 on Friday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.92 and a current ratio of 0.92. The firm has a 50 day moving average price of $44.90 and a 200 day moving average price of $41.63. National Bank has a fifty-two week low of $32.13 and a fifty-two week high of $51.76. The company has a market capitalization of $1.81 billion, a PE ratio of 14.78 and a beta of 0.84.

National Bank (NYSE:NBHC) last posted its quarterly earnings data on Tuesday, October 22nd. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.10. National Bank had a return on equity of 9.93% and a net margin of 20.52%. The firm had revenue of $156.39 million for the quarter, compared to the consensus estimate of $102.32 million. During the same quarter in the previous year, the business earned $0.94 EPS. Research analysts expect that National Bank will post 3.18 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, December 13th. Stockholders of record on Friday, November 29th will be given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 2.43%. The ex-dividend date is Friday, November 29th. This is a boost from National Bank’s previous quarterly dividend of $0.28. National Bank’s dividend payout ratio is currently 34.67%.

Insider Transactions at National Bank

In other news, insider Richard U. Jr. Newfield sold 19,259 shares of the business’s stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $49.81, for a total transaction of $959,290.79. Following the transaction, the insider now directly owns 143,210 shares in the company, valued at $7,133,290.10. The trade was a 11.85 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Valerie D. Kramer sold 1,275 shares of the stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $49.62, for a total value of $63,265.50. Following the completion of the sale, the insider now directly owns 10,652 shares of the company’s stock, valued at approximately $528,552.24. This represents a 10.69 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 25,181 shares of company stock valued at $1,230,667 over the last 90 days. 3.10% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Innealta Capital LLC purchased a new position in National Bank in the 2nd quarter valued at approximately $41,000. Meeder Asset Management Inc. purchased a new position in National Bank in the second quarter valued at $52,000. Assetmark Inc. acquired a new position in National Bank during the 3rd quarter worth $71,000. Atria Investments Inc purchased a new stake in National Bank during the 3rd quarter worth about $202,000. Finally, Choreo LLC acquired a new stake in National Bank in the 2nd quarter valued at about $209,000. Institutional investors and hedge funds own 92.65% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on NBHC shares. Hovde Group cut shares of National Bank from an “outperform” rating to a “market perform” rating and set a $55.00 price objective for the company. in a research report on Monday, November 18th. DA Davidson lifted their price target on shares of National Bank from $51.00 to $53.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Piper Sandler raised their target price on National Bank from $44.00 to $48.00 and gave the stock a “neutral” rating in a research note on Thursday, October 24th. Finally, Stephens upped their price target on National Bank from $46.00 to $49.00 and gave the company an “equal weight” rating in a research note on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $50.00.

National Bank Company Profile

National Bank Holdings Corporation operates as the bank holding company for NBH Bank that provides various banking products and financial services to commercial, business, and consumer clients in the United States. It offers deposit products, including checking, savings, money market, and other deposit accounts, including fixed-rate and fixed maturity time deposits.