National Bank Holdings Co. (NYSE:NBHC) Short Interest Up 27.9% in June

National Bank Holdings Co. (NYSE:NBHC) was the target of a significant increase in short interest in the month of June. As of June 15th, there was short interest totalling 718,700 shares, an increase of 27.9% from the May 31st total of 561,800 shares. Based on an average trading volume of 195,500 shares, the short-interest ratio is currently 3.7 days.

National Bank Stock Performance

Shares of NBHC opened at $39.40 on Tuesday. The firm has a 50-day moving average of $36.08 and a 200-day moving average of $35.34. National Bank has a one year low of $28.38 and a one year high of $39.67. The company has a market cap of $1.49 billion, a PE ratio of 11.32 and a beta of 0.86. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.91 and a quick ratio of 0.91.

National Bank (NYSE:NBHC) last announced its quarterly earnings data on Wednesday, April 24th. The financial services provider reported $0.82 EPS for the quarter, beating analysts’ consensus estimates of $0.79 by $0.03. The company had revenue of $149.43 million during the quarter, compared to the consensus estimate of $101.98 million. National Bank had a net margin of 22.94% and a return on equity of 11.20%. During the same quarter last year, the firm posted $1.06 EPS. As a group, equities analysts forecast that National Bank will post 3.08 earnings per share for the current year.

National Bank Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Friday, May 31st were issued a dividend of $0.28 per share. This is an increase from National Bank’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend was Friday, May 31st. This represents a $1.12 annualized dividend and a dividend yield of 2.84%. National Bank’s payout ratio is presently 32.18%.

Institutional Trading of National Bank

Several hedge funds and other institutional investors have recently modified their holdings of NBHC. Quest Partners LLC bought a new stake in National Bank in the 4th quarter valued at about $194,000. Everence Capital Management Inc. bought a new stake in National Bank in the 4th quarter valued at about $244,000. Mutual of America Capital Management LLC bought a new stake in National Bank in the 4th quarter valued at about $246,000. ProShare Advisors LLC boosted its holdings in National Bank by 7.4% in the 1st quarter. ProShare Advisors LLC now owns 7,450 shares of the financial services provider’s stock valued at $269,000 after purchasing an additional 513 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in National Bank by 15.6% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,924 shares of the financial services provider’s stock valued at $295,000 after purchasing an additional 1,067 shares during the period. Institutional investors own 92.65% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. TheStreet lowered shares of National Bank from a “b” rating to a “c+” rating in a research note on Monday, March 18th. Hovde Group lowered their price target on shares of National Bank from $45.00 to $40.50 and set an “outperform” rating on the stock in a research note on Monday, April 29th. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $39.00 price target (down from $40.00) on shares of National Bank in a research note on Friday, April 26th. Finally, StockNews.com upgraded shares of National Bank from a “sell” rating to a “hold” rating in a research note on Wednesday, May 29th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, National Bank has an average rating of “Hold” and a consensus price target of $38.63.

National Bank Company 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.