National Bank Holdings Corporation $NBHC Shares Sold by Entropy Technologies LP

Entropy Technologies LP reduced its position in shares of National Bank Holdings Corporation (NYSE:NBHC) by 64.9% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,356 shares of the financial services provider’s stock after selling 13,606 shares during the quarter. Entropy Technologies LP’s holdings in National Bank were worth $288,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Dimensional Fund Advisors LP grew its holdings in National Bank by 2.0% during the first quarter. Dimensional Fund Advisors LP now owns 2,100,944 shares of the financial services provider’s stock worth $82,271,000 after acquiring an additional 40,669 shares during the period. State Street Corp raised its position in National Bank by 2.6% in the fourth quarter. State Street Corp now owns 1,888,885 shares of the financial services provider’s stock worth $71,797,000 after acquiring an additional 47,991 shares in the last quarter. Deprince Race & Zollo Inc. lifted its holdings in 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 valued at $44,184,000 after acquiring an additional 793,902 shares during the last quarter. Leeward Investments LLC MA lifted its holdings in National Bank by 20.9% in the 4th quarter. Leeward Investments LLC MA now owns 534,211 shares of the financial services provider’s stock valued at $20,305,000 after acquiring an additional 92,489 shares during the last quarter. Finally, Kennedy Capital Management LLC boosted its position in shares of National Bank by 39.0% during the 4th quarter. Kennedy Capital Management LLC now owns 505,333 shares of the financial services provider’s stock valued at $19,208,000 after purchasing an additional 141,726 shares in the last quarter. 92.65% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have issued reports on NBHC shares. Piper Sandler decreased their price target on shares of National Bank from $52.00 to $51.00 and set an “overweight” rating on the stock in a research report on Monday. Wall Street Zen upgraded National Bank from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Weiss Ratings raised National Bank from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, June 24th. DA Davidson restated a “buy” rating and issued a $46.00 target price on shares of National Bank in a report on Wednesday, April 22nd. Finally, Stephens cut their target price on National Bank from $49.00 to $46.00 and set an “overweight” rating on the stock in a research report on Thursday, July 23rd. Five equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, National Bank presently has an average rating of “Moderate Buy” and an average price target of $46.80.

National Bank Stock Performance

Shares of NYSE NBHC opened at $42.63 on Friday. The business’s 50-day moving average price is $43.45 and its two-hundred day moving average price is $41.72. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.97 and a quick ratio of 0.96. National Bank Holdings Corporation has a one year low of $35.06 and a one year high of $47.28. The company has a market capitalization of $1.91 billion, a P/E ratio of 17.91 and a beta of 0.78.

National Bank (NYSE:NBHC) last issued its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $0.78 earnings per share for the quarter, missing the consensus estimate of $0.81 by ($0.03). The business had revenue of $129.06 million for the quarter, compared to the consensus estimate of $135.08 million. National Bank had a net margin of 15.11% and a return on equity of 8.35%. National Bank’s revenue was up 23.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.88 EPS. Analysts anticipate that National Bank Holdings Corporation will post 3.35 earnings per share for the current fiscal year.

National Bank Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, May 29th were given a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend was Friday, May 29th. National Bank’s payout ratio is currently 53.78%.

National Bank 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.