Peregrine Capital Management LLC Sells 11,817 Shares of National Bank Holdings Corporation $NBHC

Peregrine Capital Management LLC lessened its holdings in shares of National Bank Holdings Corporation (NYSE:NBHC) by 8.8% during the first quarter, Holdings Channel reports. The firm owned 122,466 shares of the financial services provider’s stock after selling 11,817 shares during the quarter. Peregrine Capital Management LLC’s holdings in National Bank were worth $4,796,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Deprince Race & Zollo Inc. grew its position in shares of National Bank by 215.4% in the 4th quarter. Deprince Race & Zollo Inc. now owns 1,162,432 shares of the financial services provider’s stock worth $44,184,000 after buying an additional 793,902 shares during the last quarter. AQR Capital Management LLC boosted its holdings in National Bank by 138.9% in the fourth quarter. AQR Capital Management LLC now owns 430,078 shares of the financial services provider’s stock valued at $16,347,000 after acquiring an additional 250,088 shares in the last quarter. Russell Investments Group Ltd. increased its position in National Bank by 143.3% during the 4th quarter. Russell Investments Group Ltd. now owns 405,164 shares of the financial services provider’s stock valued at $15,400,000 after purchasing an additional 238,642 shares during the period. Millennium Management LLC raised its holdings in National Bank by 2,057.9% in the 1st quarter. Millennium Management LLC now owns 199,453 shares of the financial services provider’s stock worth $7,633,000 after purchasing an additional 190,210 shares in the last quarter. Finally, Two Sigma Investments LP lifted its position in shares of National Bank by 146.3% in the 3rd quarter. Two Sigma Investments LP now owns 304,987 shares of the financial services provider’s stock worth $11,785,000 after purchasing an additional 181,137 shares during the period. Hedge funds and other institutional investors own 92.65% of the company’s stock.

National Bank Trading Up 1.2%

NYSE:NBHC opened at $44.97 on Thursday. The firm has a market capitalization of $2.01 billion, a P/E ratio of 16.78 and a beta of 0.78. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.95 and a quick ratio of 0.95. National Bank Holdings Corporation has a one year low of $35.06 and a one year high of $45.63. The company’s 50-day simple moving average is $42.55 and its 200 day simple moving average is $40.98.

National Bank (NYSE:NBHC) last announced its earnings results on Tuesday, April 21st. The financial services provider reported $0.72 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.07. National Bank had a net margin of 17.14% and a return on equity of 8.72%. The business had revenue of $126.78 million during the quarter, compared to the consensus estimate of $129.30 million. During the same quarter last year, the firm earned $0.63 earnings per share. The business’s revenue for the quarter was up 37.8% on a year-over-year basis. As a group, analysts forecast that National Bank Holdings Corporation will post 3.51 EPS for the current fiscal year.

National Bank Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, May 29th were given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend was Friday, May 29th. National Bank’s dividend payout ratio (DPR) is 47.76%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on NBHC shares. DA Davidson reiterated a “buy” rating and set a $46.00 price target on shares of National Bank in a research report on Wednesday, April 22nd. Piper Sandler upped their target price on National Bank from $48.00 to $52.00 and gave the stock an “overweight” rating in a report on Monday, April 27th. Weiss Ratings raised National Bank from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, June 24th. Finally, Wall Street Zen upgraded National Bank from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Five research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, National Bank presently has an average rating of “Moderate Buy” and a consensus price target of $46.20.

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.