National Bank Holdings Co. (NYSE:NBHC) Shares Sold by Peregrine Capital Management LLC

Peregrine Capital Management LLC lessened its stake in National Bank Holdings Co. (NYSE:NBHC) by 3.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 133,715 shares of the financial services provider’s stock after selling 4,851 shares during the period. Peregrine Capital Management LLC’s holdings in National Bank were worth $5,758,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in NBHC. Principal Financial Group Inc. boosted its position in shares of National Bank by 36.1% in the 3rd quarter. Principal Financial Group Inc. now owns 786,096 shares of the financial services provider’s stock valued at $33,095,000 after purchasing an additional 208,303 shares during the period. Assenagon Asset Management S.A. purchased a new stake in National Bank in the fourth quarter valued at approximately $1,790,000. Squire Investment Management Company LLC acquired a new stake in shares of National Bank in the third quarter valued at approximately $4,496,000. Systematic Financial Management LP purchased a new position in shares of National Bank during the third quarter worth approximately $756,000. Finally, Leeward Investments LLC MA increased its holdings in shares of National Bank by 64.2% in the 3rd quarter. Leeward Investments LLC MA now owns 374,638 shares of the financial services provider’s stock valued at $15,772,000 after acquiring an additional 146,494 shares during the period. Hedge funds and other institutional investors own 92.65% of the company’s stock.

National Bank Price Performance

Shares of NYSE:NBHC opened at $42.93 on Wednesday. The company has a quick ratio of 0.94, a current ratio of 0.95 and a debt-to-equity ratio of 0.08. The company has a 50-day moving average price of $43.49 and a 200 day moving average price of $43.65. National Bank Holdings Co. has a 52 week low of $32.13 and a 52 week high of $51.76. The company has a market cap of $1.63 billion, a P/E ratio of 13.89 and a beta of 0.85.

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

National Bank Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be paid a dividend of $0.29 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.70%. National Bank’s dividend payout ratio (DPR) is presently 37.54%.

Wall Street Analyst Weigh In

NBHC has been the subject of a number of recent research reports. DA Davidson increased their price target on shares of National Bank from $51.00 to $53.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Keefe, Bruyette & Woods increased their target price on shares of National Bank from $47.00 to $52.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th. Piper Sandler boosted their price target on National Bank from $44.00 to $48.00 and gave the company a “neutral” rating in a research report on Thursday, October 24th. Stephens increased their price objective on National Bank from $46.00 to $49.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 24th. Finally, Hovde Group lowered National Bank from an “outperform” rating to a “market perform” rating and set a $55.00 target price on the stock. in a report on Monday, November 18th. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, National Bank currently has an average rating of “Hold” and an average price target of $51.40.

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.