Short Interest in National Bank Holdings (NYSE:NBHC) Expands By 53.5%

National Bank Holdings (NYSE:NBHC) was the target of a significant increase in short interest during the month of March. As of March 29th, there was short interest totalling 821,608 shares, an increase of 53.5% from the March 15th total of 535,332 shares. Approximately 2.8% of the company’s stock are sold short. Based on an average trading volume of 277,947 shares, the days-to-cover ratio is currently 3.0 days.

Shares of NYSE:NBHC opened at $34.69 on Wednesday. National Bank has a 12-month low of $30.10 and a 12-month high of $37.08. The company has a market cap of $1,036.67, a PE ratio of 27.36, a PEG ratio of 1.82 and a beta of 0.69. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.83 and a quick ratio of 0.83.

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National Bank (NYSE:NBHC) last issued its quarterly earnings data on Thursday, January 25th. The financial services provider reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.03. National Bank had a return on equity of 6.39% and a net margin of 7.16%. The company had revenue of $45.80 million during the quarter, compared to analysts’ expectations of $47.87 million. During the same quarter in the previous year, the company posted $0.36 earnings per share. sell-side analysts predict that National Bank will post 1.88 earnings per share for the current fiscal year.



In other National Bank news, insider Richard U. Jr. Newfield sold 25,000 shares of the business’s stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $33.20, for a total transaction of $830,000.00. Following the transaction, the insider now owns 127,507 shares of the company’s stock, valued at $4,233,232.40. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Brian F. Lilly sold 74,769 shares of the business’s stock in a transaction that occurred on Friday, March 9th. The stock was sold at an average price of $33.52, for a total value of $2,506,256.88. Following the transaction, the chief financial officer now directly owns 203,846 shares in the company, valued at approximately $6,832,917.92. The disclosure for this sale can be found here. In the last ninety days, insiders sold 257,968 shares of company stock worth $8,664,085. 6.40% of the stock is owned by company insiders.

Several large investors have recently modified their holdings of the company. LS Investment Advisors LLC boosted its stake in shares of National Bank by 57.1% in the fourth quarter. LS Investment Advisors LLC now owns 6,736 shares of the financial services provider’s stock valued at $218,000 after buying an additional 2,448 shares during the period. SG Americas Securities LLC bought a new stake in shares of National Bank in the third quarter valued at approximately $284,000. Teacher Retirement System of Texas bought a new stake in shares of National Bank in the fourth quarter valued at approximately $298,000. FDx Advisors Inc. boosted its stake in shares of National Bank by 22.0% in the fourth quarter. FDx Advisors Inc. now owns 12,361 shares of the financial services provider’s stock valued at $401,000 after buying an additional 2,225 shares during the period. Finally, MetLife Investment Advisors LLC bought a new stake in shares of National Bank in the fourth quarter valued at approximately $418,000. Institutional investors own 85.05% of the company’s stock.

A number of brokerages have weighed in on NBHC. Zacks Investment Research downgraded National Bank from a “hold” rating to a “sell” rating in a research report on Tuesday, April 3rd. Hovde Group set a $35.00 price target on National Bank and gave the stock a “hold” rating in a research report on Wednesday, January 3rd. Finally, DA Davidson raised National Bank from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $36.00 to $38.00 in a research report on Tuesday, March 27th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $36.14.

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About National Bank

National Bank Holdings Corporation operates as the bank holding company for NBH Bank, N.A. that provides various banking products and financial services to commercial, business, and consumer clients in the United States. The company offers deposit products, including checking accounts, savings accounts, money market accounts, and other deposit accounts, including fixed-rate and fixed maturity time deposits.

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