Renaissance Technologies LLC Sells 29,600 Shares of National Bank Holdings Co. (NYSE:NBHC)

Renaissance Technologies LLC cut its position in shares of National Bank Holdings Co. (NYSE:NBHC) by 3.6% in the fourth quarter, Holdings Channel.com reports. The firm owned 803,200 shares of the financial services provider’s stock after selling 29,600 shares during the quarter. Renaissance Technologies LLC’s holdings in National Bank were worth $34,586,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. purchased a new position in shares of National Bank during the fourth quarter valued at approximately $1,790,000. Amundi lifted its stake in shares of National Bank by 197.3% during the 4th quarter. Amundi now owns 19,278 shares of the financial services provider’s stock worth $826,000 after acquiring an additional 12,793 shares during the last quarter. State Street Corp boosted its holdings in National Bank by 7.6% during the 3rd quarter. State Street Corp now owns 1,799,224 shares of the financial services provider’s stock valued at $75,747,000 after acquiring an additional 126,796 shares during the period. Barclays PLC boosted its holdings in National Bank by 91.9% during the 3rd quarter. Barclays PLC now owns 103,076 shares of the financial services provider’s stock valued at $4,340,000 after acquiring an additional 49,359 shares during the period. Finally, Geode Capital Management LLC grew its position in National Bank by 1.1% in the 3rd quarter. Geode Capital Management LLC now owns 861,483 shares of the financial services provider’s stock valued at $36,276,000 after acquiring an additional 9,723 shares during the last quarter. 92.65% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently commented on NBHC. StockNews.com raised shares of National Bank from a “sell” rating to a “hold” rating in a research note on Friday. Hovde Group dropped their target price on shares of National Bank from $48.00 to $43.00 and set a “market perform” rating on the stock in a research note on Wednesday, April 2nd. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $49.00.

National Bank Stock Performance

NBHC stock opened at $33.93 on Friday. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.95 and a quick ratio of 0.94. National Bank Holdings Co. has a 1-year low of $32.13 and a 1-year high of $51.76. The business has a 50-day moving average price of $39.69 and a 200 day moving average price of $42.87. The company has a market capitalization of $1.29 billion, a P/E ratio of 10.98 and a beta of 0.77.

National Bank (NYSE:NBHC) last announced its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $0.86 earnings per share 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%. As a group, equities research analysts forecast that National Bank Holdings Co. will post 3.31 EPS for the current fiscal year.

National Bank Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were given a dividend of $0.29 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $1.16 annualized dividend and a yield of 3.42%. National Bank’s dividend payout ratio (DPR) is presently 37.54%.

National Bank 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.