AQR Capital Management LLC raised its position in National Bank Holdings Corporation (NYSE:NBHC) by 34.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 96,199 shares of the financial services provider’s stock after buying an additional 24,662 shares during the period. AQR Capital Management LLC owned about 0.36% of National Bank Holdings Corporation worth $3,126,000 as of its most recent filing with the SEC.
A number of other large investors have also bought and sold shares of the company. LS Investment Advisors LLC raised its stake in National Bank Holdings Corporation by 237.2% in the first quarter. LS Investment Advisors LLC now owns 3,305 shares of the financial services provider’s stock worth $107,000 after buying an additional 2,325 shares during the last quarter. Bank of Montreal Can raised its stake in National Bank Holdings Corporation by 29.6% in the first quarter. Bank of Montreal Can now owns 3,706 shares of the financial services provider’s stock worth $120,000 after buying an additional 846 shares in the last quarter. Victory Capital Management Inc. purchased a new stake in National Bank Holdings Corporation during the first quarter worth approximately $179,000. Mason Street Advisors LLC raised its stake in National Bank Holdings Corporation by 9.7% in the first quarter. Mason Street Advisors LLC now owns 6,222 shares of the financial services provider’s stock worth $202,000 after buying an additional 549 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky purchased a new stake in National Bank Holdings Corporation during the fourth quarter worth approximately $243,000. 96.09% of the stock is currently owned by hedge funds and other institutional investors.
National Bank Holdings Corporation (NYSE NBHC) opened at 33.04 on Friday. National Bank Holdings Corporation has a 12-month low of $21.53 and a 12-month high of $36.04. The firm’s 50-day moving average is $33.53 and its 200 day moving average is $32.44. The firm has a market cap of $885.17 million, a P/E ratio of 26.02 and a beta of 0.66.
National Bank Holdings Corporation (NYSE:NBHC) last announced its quarterly earnings results on Thursday, July 20th. The financial services provider reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.05. The company had revenue of $48.85 million during the quarter, compared to analysts’ expectations of $48.30 million. National Bank Holdings Corporation had a return on equity of 6.60% and a net margin of 17.64%. During the same period last year, the business earned $0.15 earnings per share. Equities analysts forecast that National Bank Holdings Corporation will post $1.25 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, August 25th will be given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 1.09%. The ex-dividend date is Wednesday, August 23rd. National Bank Holdings Corporation’s dividend payout ratio is currently 27.91%.
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A number of research firms have recently commented on NBHC. Stephens set a $34.00 price objective on shares of National Bank Holdings Corporation and gave the company a “hold” rating in a research note on Monday, June 26th. Zacks Investment Research raised shares of National Bank Holdings Corporation from a “hold” rating to a “strong-buy” rating and set a $37.00 price objective on the stock in a research note on Thursday, June 29th. BidaskClub downgraded shares of National Bank Holdings Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $35.00 target price on shares of National Bank Holdings Corporation in a research report on Monday, June 26th. Finally, Piper Jaffray Companies began coverage on shares of National Bank Holdings Corporation in a research report on Tuesday, July 11th. They set a “neutral” rating and a $35.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $33.20.
About National Bank Holdings Corporation
National Bank Holdings Corporation (NBH) is a bank holding company. Through Bank Midwest, N.A. (Bank Midwest), NBH’s primary business is to offer a range of products and financial services to both its commercial and consumer customers, located in Kansas, Missouri and Colorado. The Company offers an array of lending products to cater to the customers’ needs, including, but not limited to, small business loans, equipment loans, term loans, asset-backed loans, letters of credit, commercial lines of credit, residential mortgage loans, home equity and consumer loans.
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