National Bank Holdings Co. (NYSE:NBHC) Shares Sold by Rhumbline Advisers

Rhumbline Advisers reduced its stake in shares of National Bank Holdings Co. (NYSE:NBHC) by 1.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 118,972 shares of the financial services provider’s stock after selling 2,088 shares during the period. Rhumbline Advisers owned 0.31% of National Bank worth $5,123,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of NBHC. Victory Capital Management Inc. lifted its holdings in National Bank by 56.0% in the 3rd quarter. Victory Capital Management Inc. now owns 2,846,741 shares of the financial services provider’s stock valued at $119,848,000 after purchasing an additional 1,021,829 shares in the last quarter. State Street Corp raised its position in shares of National Bank by 7.6% in the third quarter. State Street Corp now owns 1,799,224 shares of the financial services provider’s stock valued at $75,747,000 after buying an additional 126,796 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of National Bank by 1.1% during the third quarter. Geode Capital Management LLC now owns 861,483 shares of the financial services provider’s stock valued at $36,276,000 after buying an additional 9,723 shares during the period. Principal Financial Group Inc. boosted its position in National Bank by 36.1% during the third quarter. Principal Financial Group Inc. now owns 786,096 shares of the financial services provider’s stock worth $33,095,000 after acquiring an additional 208,303 shares during the last quarter. Finally, Leeward Investments LLC MA grew its stake in National Bank by 64.2% in the 3rd quarter. Leeward Investments LLC MA now owns 374,638 shares of the financial services provider’s stock worth $15,772,000 after acquiring an additional 146,494 shares during the period. 92.65% of the stock is currently owned by institutional investors and hedge funds.

National Bank Trading Down 0.0 %

Shares of NBHC opened at $41.77 on Friday. National Bank Holdings Co. has a twelve month low of $32.13 and a twelve month high of $51.76. The firm has a market capitalization of $1.59 billion, a P/E ratio of 13.52 and a beta of 0.85. The company has a current ratio of 0.95, a quick ratio of 0.94 and a debt-to-equity ratio of 0.08. The stock’s fifty day simple moving average is $42.98 and its 200 day simple moving average is $43.76.

National Bank (NYSE:NBHC) last released its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.07. National Bank had a return on equity of 9.76% and a net margin of 19.82%. On average, equities research analysts forecast that National Bank Holdings Co. will post 3.31 earnings per share for the current year.

National Bank Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be given a dividend of $0.29 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.16 dividend on an annualized basis and a yield of 2.78%. National Bank’s dividend payout ratio (DPR) is 37.54%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. StockNews.com raised National Bank from a “sell” rating to a “hold” rating in a research note on Thursday. Hovde Group downgraded National Bank from an “outperform” rating to a “market perform” rating and set a $55.00 target price on the stock. in a research report on Monday, November 18th. Finally, Keefe, Bruyette & Woods raised their price target on National Bank from $47.00 to $52.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $51.40.

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.