Boston Partners grew its stake in shares of National Bank Holdings Co. (NYSE:NBHC - Free Report) by 90.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 403,255 shares of the financial services provider's stock after buying an additional 191,336 shares during the quarter. Boston Partners owned about 1.06% of National Bank worth $17,366,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also made changes to their positions in the stock. Assenagon Asset Management S.A. acquired a new position in National Bank during the fourth quarter worth about $1,790,000. Systematic Financial Management LP acquired a new position in shares of National Bank in the 3rd quarter worth approximately $756,000. Amundi raised its holdings in shares of National Bank by 197.3% in the 4th quarter. Amundi now owns 19,278 shares of the financial services provider's stock worth $826,000 after purchasing an additional 12,793 shares in the last quarter. State Street Corp lifted its stake in 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 valued at $75,747,000 after purchasing an additional 126,796 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in 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 buying an additional 9,723 shares in the last quarter. 92.65% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
A number of brokerages have recently commented on NBHC. Keefe, Bruyette & Woods increased their price objective 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 raised National Bank from a "sell" rating to a "hold" rating in a report on Wednesday, March 19th. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $51.40.
Check Out Our Latest Report on National Bank
National Bank Trading Down 0.5 %
NYSE NBHC traded down $0.19 on Tuesday, hitting $39.45. 201,065 shares of the stock were exchanged, compared to its average volume of 201,079. The company's 50-day moving average price is $41.85 and its two-hundred day moving average price is $43.46. The company has a market capitalization of $1.50 billion, a price-to-earnings ratio of 12.77 and a beta of 0.86. National Bank Holdings Co. has a 52-week low of $32.13 and a 52-week high of $51.76. 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 (NYSE:NBHC - Get Free Report) last posted its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $0.86 earnings per share for the quarter, beating 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%. Research analysts predict that National Bank Holdings Co. will post 3.31 EPS for the current year.
National Bank Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 2.94%. The ex-dividend date was Friday, February 28th. National Bank's dividend payout ratio is currently 37.54%.
National Bank Company Profile
(
Free Report)
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.
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