Bank of New York Mellon Corp Sells 37,656 Shares of National Bank Holdings Co. (NYSE:NBHC)

Bank of New York Mellon Corp lowered its stake in shares of National Bank Holdings Co. (NYSE:NBHC - Free Report) by 5.6% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 632,386 shares of the financial services provider's stock after selling 37,656 shares during the period. Bank of New York Mellon Corp owned approximately 1.66% of National Bank worth $27,231,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Victory Capital Management Inc. boosted its holdings in National Bank by 56.0% in the third quarter. Victory Capital Management Inc. now owns 2,846,741 shares of the financial services provider's stock worth $119,848,000 after purchasing an additional 1,021,829 shares during the last quarter. Principal Financial Group Inc. boosted its stake in shares of National Bank by 36.1% in the 3rd quarter. Principal Financial Group Inc. now owns 786,096 shares of the financial services provider's stock worth $33,095,000 after buying an additional 208,303 shares during the last quarter. State Street Corp grew its holdings 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 worth $75,747,000 after acquiring an additional 126,796 shares during the period. Squire Investment Management Company LLC purchased a new stake in National Bank during the third quarter valued at $4,496,000. Finally, Barclays PLC increased its position in shares of National Bank by 91.9% during the 3rd quarter. Barclays PLC now owns 103,076 shares of the financial services provider's stock valued at $4,340,000 after purchasing an additional 49,359 shares during the last quarter. Hedge funds and other institutional investors own 92.65% of the company's stock.

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National Bank Price Performance

Shares of NBHC stock traded up $0.10 on Wednesday, hitting $38.53. 182,827 shares of the stock traded hands, compared to its average volume of 188,091. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.95 and a quick ratio of 0.94. National Bank Holdings Co. has a 52 week low of $32.13 and a 52 week high of $51.76. The firm has a 50 day simple moving average of $42.45 and a two-hundred day simple moving average of $43.72. The firm has a market cap of $1.47 billion, a price-to-earnings ratio of 12.47 and a beta of 0.86.

National Bank (NYSE:NBHC - Get Free Report) last posted its quarterly 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%. As a group, equities research analysts predict that National Bank Holdings Co. will post 3.31 earnings per share for the current fiscal 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 paid a $0.29 dividend. The ex-dividend date is Friday, February 28th. This represents a $1.16 annualized dividend and a yield of 3.01%. National Bank's payout ratio is 37.54%.

Analysts Set New Price Targets

NBHC has been the topic of a number of research reports. Hovde Group downgraded shares of National Bank from an "outperform" rating to a "market perform" rating and set a $55.00 price objective on the stock. in a report on Monday, November 18th. Keefe, Bruyette & Woods lifted 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 note on Wednesday, December 4th. Finally, StockNews.com lowered National Bank from a "hold" rating to a "sell" rating in a research note on Friday, March 7th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $51.40.

National Bank 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.