Aristotle Capital Boston LLC Trims Position in National Bank Holdings Corporation $NBHC

Aristotle Capital Boston LLC lessened its position in shares of National Bank Holdings Corporation (NYSE:NBHC) by 9.4% in the fourth quarter, Holdings Channel reports. The fund owned 673,644 shares of the financial services provider’s stock after selling 69,645 shares during the quarter. National Bank comprises 1.4% of Aristotle Capital Boston LLC’s investment portfolio, making the stock its 16th biggest holding. Aristotle Capital Boston LLC’s holdings in National Bank were worth $25,605,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of NBHC. Aster Capital Management DIFC Ltd increased its position in National Bank by 650.9% during the third quarter. Aster Capital Management DIFC Ltd now owns 796 shares of the financial services provider’s stock valued at $31,000 after acquiring an additional 690 shares during the last quarter. Meeder Asset Management Inc. purchased a new stake in National Bank during the fourth quarter valued at $48,000. Global Retirement Partners LLC purchased a new stake in National Bank during the fourth quarter valued at $66,000. State of Wyoming purchased a new stake in National Bank during the fourth quarter valued at $69,000. Finally, Quarry LP increased 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 acquiring an additional 613 shares during the last quarter. Hedge funds and other institutional investors own 92.65% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on NBHC. Piper Sandler upped their price objective on National Bank from $48.00 to $52.00 and gave the company an “overweight” rating in a research report on Monday, April 27th. DA Davidson restated a “buy” rating and issued a $46.00 price target on shares of National Bank in a research report on Wednesday, April 22nd. Wall Street Zen upgraded National Bank from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Finally, Weiss Ratings lowered National Bank from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, June 5th. Five equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $46.20.

National Bank Price Performance

Shares of National Bank stock opened at $41.93 on Thursday. The stock has a 50 day moving average of $42.07 and a 200 day moving average of $40.59. National Bank Holdings Corporation has a 12 month low of $35.06 and a 12 month high of $44.12. The firm has a market cap of $1.88 billion, a PE ratio of 15.65 and a beta of 0.78. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.12.

National Bank (NYSE:NBHC) last announced its quarterly earnings data on Tuesday, April 21st. The financial services provider reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.07. National Bank had a return on equity of 8.72% and a net margin of 17.14%.The company had revenue of $126.78 million for the quarter, compared to analysts’ expectations of $129.30 million. During the same quarter in the prior year, the firm earned $0.63 earnings per share. National Bank’s revenue was up 37.8% compared to the same quarter last year. On average, research analysts expect that National Bank Holdings Corporation will post 3.51 EPS for the current fiscal year.

National Bank Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, May 29th were paid a $0.32 dividend. The ex-dividend date of this dividend was Friday, May 29th. This represents a $1.28 annualized dividend and a yield of 3.1%. National Bank’s dividend payout ratio is 47.76%.

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.