Here is What Hedge Funds Think About National Bank Holdings Corp (NBHC)

Due to the fact that National Bank Holdings Corp (NYSE:NBHC) has experienced unchanged sentiment from hedge fund managers, we should look out for a sect of hedgies that slashed their entire stakes heading into Q4. Intriguingly, Paul Singer’s Elliott Management dumped the biggest stake of all the hedgies tracked by Insider Monkey, worth close to $48.9 million in stock. John Overdeck and David Siegel’s fund, Two Sigma Advisors, also said goodbye to its stock, about $0.4 million worth of NBHC shares.

Let’s now take a look at hedge fund activity in other stocks similar to National Bank Holdings Corp (NYSE:NBHC). These stocks are Customers Bancorp Inc (NASDAQ:CUBI), PROS Holdings, Inc. (NYSE:PRO), Washington Trust Bancorp (NASDAQ:WASH), and Inovio Pharmaceuticals Inc (NYSEAMEX:INO). This group of stocks’ market caps are similar to NBHC’s market cap.

As you can see these stocks had an average of 6 hedge funds with bullish positions and the average amount invested in these stocks was $29 million. That figure was $62 million in NBHC’s case. Customers Bancorp Inc (NASDAQ:CUBI) is the most popular stock in this table. On the other hand PROS Holdings, Inc. (NYSE:PRO) is the least popular one with only 5 bullish hedge fund positions. Compared to these stocks National Bank Holdings Corp (NYSE:NBHC) is more popular among hedge funds. Considering that hedge funds are fond of this stock in relation to its market cap peers, it may be a good idea to analyze it in detail and potentially include it in your portfolio.

Disclosure: None