National Bank Holdings Co. (NYSE:NBHC) Short Interest Down 17.3% in February

National Bank Holdings Co. (NYSE:NBHC) was the recipient of a large drop in short interest in the month of February. As of February 28th, there was short interest totalling 571,100 shares, a drop of 17.3% from the February 13th total of 690,900 shares. Based on an average daily volume of 199,300 shares, the days-to-cover ratio is currently 2.9 days. Approximately 1.6% of the company’s stock are short sold.

Analysts Set New Price Targets

A number of equities analysts have weighed in on NBHC shares. Keefe, Bruyette & Woods boosted their price target on National Bank from $47.00 to $52.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. StockNews.com downgraded shares of National Bank from a “hold” rating to a “sell” rating in a research report on Friday, March 7th. Finally, Hovde Group downgraded shares of National Bank from an “outperform” rating to a “market perform” rating and set a $55.00 price target for the company. in a report on Monday, November 18th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $51.40.

National Bank Stock Up 0.2 %

NYSE:NBHC traded up $0.07 on Tuesday, hitting $39.73. The stock had a trading volume of 193,297 shares, compared to its average volume of 196,910. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.94 and a current ratio of 0.95. The stock has a market cap of $1.51 billion, a P/E ratio of 12.86 and a beta of 0.86. National Bank has a 1 year low of $32.13 and a 1 year high of $51.76. The firm’s fifty day simple moving average is $42.14 and its two-hundred day simple moving average is $43.60.

National Bank (NYSE:NBHC) last issued its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.07. National Bank had a net margin of 19.82% and a return on equity of 9.76%. Analysts predict that National Bank will post 3.31 earnings per share for the current year.

National Bank Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were given a $0.29 dividend. The ex-dividend date was Friday, February 28th. This represents a $1.16 annualized dividend and a yield of 2.92%. National Bank’s dividend payout ratio (DPR) is presently 37.54%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NBHC. Quarry LP lifted its stake in National Bank by 503.1% in the fourth quarter. Quarry LP now owns 971 shares of the financial services provider’s stock worth $42,000 after purchasing an additional 810 shares during the last quarter. Sterling Capital Management LLC grew its holdings in National Bank by 815.5% in the fourth quarter. Sterling Capital Management LLC now owns 1,181 shares of the financial services provider’s stock worth $51,000 after purchasing an additional 1,052 shares during the period. Assetmark Inc. purchased a new stake in National Bank in the third quarter worth about $71,000. KBC Group NV grew its holdings in shares of National Bank by 82.5% during the fourth quarter. KBC Group NV now owns 2,389 shares of the financial services provider’s stock valued at $103,000 after buying an additional 1,080 shares during the last quarter. Finally, Aquatic Capital Management LLC purchased a new stake in shares of National Bank during the fourth quarter valued at approximately $174,000. 92.65% of the stock is currently owned by hedge funds and other institutional investors.

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.