Quantbot Technologies LP Buys 21,856 Shares of National Bank Holdings Corporation $NBHC

Quantbot Technologies LP raised its stake in National Bank Holdings Corporation (NYSE:NBHC) by 180.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,942 shares of the financial services provider’s stock after acquiring an additional 21,856 shares during the quarter. Quantbot Technologies LP’s holdings in National Bank were worth $1,312,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of NBHC. Aster Capital Management DIFC Ltd grew its stake in shares of 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 purchasing an additional 690 shares during the last quarter. Intech Investment Management LLC lifted its position in National Bank by 17.0% during the 3rd quarter. Intech Investment Management LLC now owns 35,248 shares of the financial services provider’s stock valued at $1,362,000 after purchasing an additional 5,134 shares during the period. Citigroup Inc. lifted its position in National Bank by 14.9% during the 3rd quarter. Citigroup Inc. now owns 67,386 shares of the financial services provider’s stock valued at $2,604,000 after purchasing an additional 8,721 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of National Bank by 62.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 231,916 shares of the financial services provider’s stock valued at $8,961,000 after purchasing an additional 88,876 shares during the last quarter. Finally, Public Sector Pension Investment Board grew its position in shares of National Bank by 14.3% during the 3rd quarter. Public Sector Pension Investment Board now owns 148,367 shares of the financial services provider’s stock worth $5,733,000 after buying an additional 18,517 shares during the period. 92.65% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently weighed in on NBHC shares. DA Davidson restated a “buy” rating and issued a $48.00 price objective on shares of National Bank in a report on Thursday, February 19th. Weiss Ratings reiterated a “hold (c)” rating on shares of National Bank in a report on Thursday, January 22nd. Stephens upgraded National Bank from an “equal weight” rating to an “overweight” rating and set a $42.00 target price on the stock in a report on Monday, November 10th. Zacks Research raised National Bank from a “strong sell” rating to a “hold” rating in a research note on Monday, December 22nd. Finally, Wall Street Zen lowered shares of National Bank from a “hold” rating to a “sell” rating in a research note on Saturday, January 31st. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $45.25.

Insider Buying and Selling at National Bank

In other news, insider John Steinmetz bought 24,200 shares of the company’s stock in a transaction dated Wednesday, February 11th. The shares were bought at an average cost of $41.41 per share, with a total value of $1,002,122.00. Following the acquisition, the insider owned 536,504 shares in the company, valued at $22,216,630.64. This trade represents a 4.72% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.90% of the stock is owned by corporate insiders.

National Bank Price Performance

Shares of NBHC opened at $40.64 on Friday. The company has a quick ratio of 0.93, a current ratio of 0.94 and a debt-to-equity ratio of 0.04. National Bank Holdings Corporation has a twelve month low of $32.83 and a twelve month high of $42.99. The company has a 50 day moving average of $40.46 and a 200-day moving average of $38.91. The stock has a market capitalization of $1.54 billion, a P/E ratio of 14.26 and a beta of 0.79.

National Bank (NYSE:NBHC) last posted its quarterly earnings data on Tuesday, January 27th. The financial services provider reported $0.60 EPS for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.27). National Bank had a return on equity of 8.65% and a net margin of 18.66%.The business had revenue of $99.08 million for the quarter, compared to analyst estimates of $107.48 million. During the same quarter in the prior year, the company earned $0.86 earnings per share. As a group, equities research analysts forecast that National Bank Holdings Corporation will post 3.31 EPS for the current fiscal year.

National Bank Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 27th will be issued a dividend of $0.32 per share. The ex-dividend date is Friday, February 27th. This is a positive change from National Bank’s previous quarterly dividend of $0.31. This represents a $1.28 dividend on an annualized basis and a yield of 3.1%. National Bank’s dividend payout ratio is presently 44.91%.

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.