Connor Clark & Lunn Investment Management Ltd. Takes $500,000 Position in National Bank Holdings Co. (NYSE:NBHC)

Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of National Bank Holdings Co. (NYSE:NBHC) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 11,617 shares of the financial services provider’s stock, valued at approximately $500,000.

Other hedge funds also recently modified their holdings of the company. KBC Group NV increased its position in shares of National Bank by 82.5% during the 4th quarter. KBC Group NV now owns 2,389 shares of the financial services provider’s stock valued at $103,000 after purchasing an additional 1,080 shares during the period. Atria Investments Inc acquired a new position in shares of National Bank during the 3rd quarter valued at $202,000. Handelsbanken Fonder AB acquired a new position in shares of National Bank during the 4th quarter valued at $224,000. FMR LLC increased its position in shares of National Bank by 359.7% during the 3rd quarter. FMR LLC now owns 7,627 shares of the financial services provider’s stock valued at $321,000 after purchasing an additional 5,968 shares during the period. Finally, BNP Paribas Financial Markets increased its position in shares of National Bank by 130.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 17,146 shares of the financial services provider’s stock valued at $722,000 after purchasing an additional 9,705 shares during the period. 92.65% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently issued reports on NBHC shares. Keefe, Bruyette & Woods lifted their price target on National Bank from $47.00 to $52.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. StockNews.com upgraded National Bank from a “sell” rating to a “hold” rating in a report on Wednesday. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $51.40.

National Bank Stock Performance

Shares of NYSE NBHC opened at $38.87 on Friday. The stock has a market capitalization of $1.48 billion, a price-to-earnings ratio of 12.58 and a beta of 0.86. The stock’s fifty day simple moving average is $41.90 and its 200 day simple moving average is $43.48. The company has a quick ratio of 0.94, a current ratio of 0.95 and a debt-to-equity ratio of 0.08. National Bank Holdings Co. has a 52-week low of $32.13 and a 52-week high of $51.76.

National Bank (NYSE:NBHC) last issued its earnings results on Wednesday, January 22nd. The financial services provider reported $0.86 EPS for the quarter, topping the consensus estimate of $0.79 by $0.07. National Bank had a return on equity of 9.76% and a net margin of 19.82%. As a group, sell-side analysts forecast that National Bank Holdings Co. will post 3.31 earnings per share for the current fiscal year.

National Bank Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were given a dividend of $0.29 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $1.16 dividend on an annualized basis and a yield of 2.98%. National Bank’s payout ratio is 37.54%.

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.