Renaissance Technologies LLC Has $35.40 Million Holdings in National Bank Holdings Co. (NYSE:NBHC)

Renaissance Technologies LLC lowered its position in National Bank Holdings Co. (NYSE:NBHC) by 2.1% in the second quarter, Holdings Channel.com reports. The fund owned 906,503 shares of the financial services provider’s stock after selling 19,197 shares during the period. Renaissance Technologies LLC’s holdings in National Bank were worth $35,399,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the business. Innealta Capital LLC bought a new position in shares of National Bank during the second quarter valued at $41,000. Meeder Asset Management Inc. acquired a new stake in shares of National Bank during the second quarter worth $52,000. Quest Partners LLC bought a new stake in National Bank in the 4th quarter valued at $194,000. Choreo LLC acquired a new position in National Bank in the 2nd quarter worth $209,000. Finally, ProShare Advisors LLC increased its holdings in National Bank by 7.4% during the 1st quarter. ProShare Advisors LLC now owns 7,450 shares of the financial services provider’s stock worth $269,000 after purchasing an additional 513 shares in the last quarter. Institutional investors and hedge funds own 92.65% of the company’s stock.

National Bank Price Performance

NYSE:NBHC opened at $42.08 on Thursday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.93 and a current ratio of 0.93. The firm has a market cap of $1.59 billion, a price-to-earnings ratio of 12.09 and a beta of 0.85. National Bank Holdings Co. has a 52 week low of $28.38 and a 52 week high of $46.51. The firm’s 50-day simple moving average is $41.98 and its 200 day simple moving average is $37.83.

National Bank (NYSE:NBHC) last posted its quarterly earnings data on Tuesday, July 23rd. The financial services provider reported $0.68 EPS for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.06). The company had revenue of $99.31 million for the quarter, compared to the consensus estimate of $102.96 million. National Bank had a return on equity of 10.44% and a net margin of 21.40%. National Bank’s revenue was down 5.5% on a year-over-year basis. During the same quarter last year, the business earned $0.85 EPS. As a group, sell-side analysts predict that National Bank Holdings Co. will post 3.03 earnings per share for the current year.

National Bank Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 2.66%. The ex-dividend date was Friday, August 30th. National Bank’s dividend payout ratio is presently 32.18%.

Insider Activity

In other news, Director Patrick G. Sobers sold 18,738 shares of National Bank stock in a transaction on Friday, July 26th. The shares were sold at an average price of $43.10, for a total value of $807,607.80. Following the completion of the sale, the director now owns 20,788 shares in the company, valued at approximately $895,962.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other National Bank news, EVP Christopher S. Randall sold 3,750 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $43.51, for a total value of $163,162.50. Following the transaction, the executive vice president now directly owns 14,365 shares in the company, valued at $625,021.15. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Patrick G. Sobers sold 18,738 shares of the firm’s stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $43.10, for a total transaction of $807,607.80. Following the sale, the director now owns 20,788 shares of the company’s stock, valued at approximately $895,962.80. The disclosure for this sale can be found here. In the last ninety days, insiders sold 103,192 shares of company stock worth $4,431,998. Insiders own 3.10% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on NBHC shares. Stephens boosted their price target on shares of National Bank from $38.00 to $46.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 25th. Hovde Group raised their target price on shares of National Bank from $42.00 to $50.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. Keefe, Bruyette & Woods boosted their price target on National Bank from $39.00 to $45.00 and gave the stock a “market perform” rating in a research report on Monday, July 29th. DA Davidson raised their price objective on National Bank from $42.00 to $45.00 and gave the company a “buy” rating in a research report on Tuesday, July 2nd. Finally, Piper Sandler lowered National Bank from an “overweight” rating to a “neutral” rating and boosted their target price for the stock from $42.00 to $46.00 in a report on Thursday, July 25th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $46.40.

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.