National Bank Holdings Co. (NYSE:NBHC) Shares Purchased by Teacher Retirement System of Texas

Teacher Retirement System of Texas grew its holdings in shares of National Bank Holdings Co. (NYSE:NBHC) by 8.0% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 16,881 shares of the financial services provider’s stock after acquiring an additional 1,256 shares during the quarter. Teacher Retirement System of Texas’ holdings in National Bank were worth $727,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. KBC Group NV increased its stake in shares of National Bank by 82.5% during the fourth quarter. KBC Group NV now owns 2,389 shares of the financial services provider’s stock valued at $103,000 after acquiring an additional 1,080 shares during the period. Handelsbanken Fonder AB acquired a new position in shares of National Bank during the 4th quarter valued at $224,000. FMR LLC raised its stake in shares of National Bank by 359.7% in the 3rd quarter. FMR LLC now owns 7,627 shares of the financial services provider’s stock worth $321,000 after buying an additional 5,968 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of National Bank in the fourth quarter valued at $500,000. Finally, BNP Paribas Financial Markets boosted its stake in National Bank by 130.4% during the third quarter. BNP Paribas Financial Markets now owns 17,146 shares of the financial services provider’s stock valued at $722,000 after buying an additional 9,705 shares in the last quarter. Institutional investors own 92.65% of the company’s stock.

National Bank Trading Down 1.4 %

Shares of NBHC opened at $38.76 on Monday. The business’s 50-day moving average price is $41.49 and its 200 day moving average price is $43.41. 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 has a market capitalization of $1.47 billion, a P/E ratio of 12.54 and a beta of 0.86. National Bank Holdings Co. has a 1-year low of $32.13 and a 1-year high of $51.76.

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

National Bank Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 2.99%. The ex-dividend date of this dividend was Friday, February 28th. National Bank’s dividend payout ratio (DPR) is currently 37.54%.

Analysts Set New Price Targets

Several brokerages have commented on NBHC. Keefe, Bruyette & Woods boosted their price target 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 upgraded shares of National Bank from a “sell” rating to a “hold” rating in a report on Wednesday, March 19th. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, National Bank currently has an average 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.