Amundi Increases Stock Holdings in National Bank Holdings Co. (NYSE:NBHC)

Amundi lifted its holdings in shares of National Bank Holdings Co. (NYSE:NBHC) by 197.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 19,278 shares of the financial services provider’s stock after acquiring an additional 12,793 shares during the period. Amundi owned 0.05% of National Bank worth $826,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. State Street Corp grew its position in shares of National Bank by 7.6% during the third quarter. State Street Corp now owns 1,799,224 shares of the financial services provider’s stock worth $75,747,000 after acquiring an additional 126,796 shares during the last quarter. Geode Capital Management LLC grew its position 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 worth $36,276,000 after acquiring an additional 9,723 shares during the last quarter. Principal Financial Group Inc. grew its position in shares of 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. Charles Schwab Investment Management Inc. grew its position in shares of National Bank by 0.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 357,049 shares of the financial services provider’s stock worth $15,375,000 after acquiring an additional 1,562 shares during the last quarter. Finally, Empowered Funds LLC grew its position in shares of National Bank by 5.1% during the fourth quarter. Empowered Funds LLC now owns 129,114 shares of the financial services provider’s stock worth $5,560,000 after acquiring an additional 6,220 shares during the last quarter. 92.65% of the stock is currently owned by hedge funds and other institutional investors.

National Bank Price Performance

Shares of NYSE NBHC opened at $39.89 on Thursday. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.95 and a quick ratio of 0.94. The stock has a fifty day moving average price of $42.03 and a 200 day moving average price of $43.54. National Bank Holdings Co. has a 1-year low of $32.13 and a 1-year high of $51.76. The company has a market cap of $1.52 billion, a PE ratio of 12.91 and a beta of 0.86.

National Bank (NYSE:NBHC) last released its earnings results on Wednesday, January 22nd. The financial services provider reported $0.86 EPS for the quarter, beating 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%. Sell-side analysts forecast that National Bank Holdings Co. will post 3.31 EPS for the current year.

National Bank Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 2.91%. The ex-dividend date was Friday, February 28th. National Bank’s dividend payout ratio (DPR) is currently 37.54%.

Analysts Set New Price Targets

NBHC has been the topic of a number of research reports. Keefe, Bruyette & Woods raised their target price on shares of National Bank from $47.00 to $52.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. StockNews.com raised National Bank from a “sell” rating to a “hold” rating in a report on Wednesday. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, National Bank currently has a consensus rating of “Hold” and a consensus price target of $51.40.

About National Bank

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.