Peregrine Capital Management LLC Reduces Stake in National Bank Holdings Co. (NYSE:NBHC)

Peregrine Capital Management LLC lessened its stake in shares of National Bank Holdings Co. (NYSE:NBHC) by 3.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 133,715 shares of the financial services provider’s stock after selling 4,851 shares during the period. Peregrine Capital Management LLC owned 0.35% of National Bank worth $5,758,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of NBHC. Leeward Investments LLC MA raised its holdings in 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 buying an additional 146,494 shares during the period. Principal Financial Group Inc. raised its stake 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 acquiring an additional 208,303 shares during the period. Assetmark Inc. acquired a new position in shares of National Bank in the 3rd quarter worth approximately $71,000. Atria Investments Inc purchased a new position in shares of National Bank during the 3rd quarter worth approximately $202,000. Finally, Victory Capital Management Inc. increased its holdings in National Bank by 56.0% in the 3rd quarter. Victory Capital Management Inc. now owns 2,846,741 shares of the financial services provider’s stock valued at $119,848,000 after purchasing an additional 1,021,829 shares during the last quarter. Institutional investors and hedge funds own 92.65% of the company’s stock.

Analysts Set New Price Targets

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

National Bank Stock Down 0.4 %

Shares of National Bank stock 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. 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 capitalization of $1.63 billion, a P/E ratio of 13.89 and a beta of 0.85. The company has a 50 day moving average of $43.49 and a 200 day moving average of $43.65.

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

National Bank Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be issued a $0.29 dividend. The ex-dividend date is Friday, February 28th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.70%. National Bank’s payout ratio is currently 37.54%.

About National Bank

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.