Charles Schwab Investment Management Inc. Increases Stake in National Bank Holdings Co. (NYSE:NBHC)

Charles Schwab Investment Management Inc. boosted its position in shares of National Bank Holdings Co. (NYSE:NBHC) by 0.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 357,049 shares of the financial services provider’s stock after purchasing an additional 1,562 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.94% of National Bank worth $15,375,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. KBC Group NV boosted its holdings 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 acquiring an additional 1,080 shares during the last quarter. Atria Investments Inc purchased a new position in shares of National Bank in the third quarter worth approximately $202,000. Handelsbanken Fonder AB purchased a new position in shares of National Bank in the fourth quarter worth approximately $224,000. FMR LLC boosted its holdings in shares of National Bank by 359.7% in the third 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 during the last quarter. Finally, BNP Paribas Financial Markets boosted its holdings in shares of National Bank by 130.4% in the third quarter. BNP Paribas Financial Markets now owns 17,146 shares of the financial services provider’s stock worth $722,000 after buying an additional 9,705 shares during the last quarter. 92.65% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

National Bank Price Performance

NYSE NBHC opened at $39.32 on Friday. National Bank Holdings Co. has a 12 month low of $32.13 and a 12 month high of $51.76. The stock has a market cap of $1.50 billion, a price-to-earnings ratio of 12.72 and a beta of 0.86. The company’s 50 day moving average is $41.96 and its two-hundred day moving average is $43.51. The company has a current ratio of 0.95, a quick ratio of 0.94 and a debt-to-equity ratio of 0.08.

National Bank (NYSE:NBHC) last released its earnings results 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 net margin of 19.82% and a return on equity of 9.76%. As a group, research analysts anticipate that National Bank Holdings Co. will post 3.31 earnings per share for the current year.

National Bank Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 2.95%. The ex-dividend date was Friday, February 28th. National Bank’s payout ratio is currently 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.