JPMorgan Chase & Co. grew its stake in shares of National Bank Holdings Co. (NYSE:NBHC - Free Report) by 74.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 331,546 shares of the financial services provider's stock after acquiring an additional 141,716 shares during the period. JPMorgan Chase & Co. owned 0.87% of National Bank worth $14,276,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of National Bank by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 4,230,384 shares of the financial services provider's stock valued at $182,160,000 after acquiring an additional 35,910 shares during the last quarter. KLP Kapitalforvaltning AS bought a new position in shares of National Bank during the fourth quarter valued at about $362,000. Sei Investments Co. boosted its position in National Bank by 4.1% in the fourth quarter. Sei Investments Co. now owns 263,763 shares of the financial services provider's stock worth $11,358,000 after purchasing an additional 10,427 shares during the last quarter. Teacher Retirement System of Texas increased its stake in shares of National Bank by 8.0% during the 4th quarter. Teacher Retirement System of Texas now owns 16,881 shares of the financial services provider's stock worth $727,000 after purchasing an additional 1,256 shares during the last quarter. Finally, Boston Partners lifted its holdings in National Bank by 90.3% during the fourth quarter. Boston Partners now owns 403,255 shares of the financial services provider's stock valued at $17,366,000 after purchasing an additional 191,336 shares during the last quarter. 92.65% of the stock is currently owned by institutional investors and hedge funds.
National Bank Price Performance
Shares of NYSE:NBHC traded up $0.53 during trading on Tuesday, reaching $35.10. The stock had a trading volume of 173,768 shares, compared to its average volume of 222,950. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.94 and a current ratio of 0.95. The stock has a market cap of $1.34 billion, a PE ratio of 11.36 and a beta of 0.77. The business has a fifty day moving average price of $39.51 and a 200-day moving average price of $42.83. National Bank Holdings Co. has a 1-year low of $32.13 and a 1-year high of $51.76.
National Bank (NYSE:NBHC - Get Free Report) last announced its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $0.86 earnings per share for the quarter, beating 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%. On average, equities analysts forecast that National Bank Holdings Co. will post 3.31 earnings per share for the current fiscal year.
National Bank Announces Dividend
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 $0.29 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $1.16 annualized dividend and a dividend yield of 3.31%. National Bank's dividend payout ratio is currently 37.54%.
Analyst Ratings Changes
A number of research analysts recently commented on NBHC shares. StockNews.com raised National Bank from a "sell" rating to a "hold" rating in a research note on Friday. Hovde Group reduced their price objective on National Bank from $48.00 to $43.00 and set a "market perform" rating for the company in a research report on Wednesday, April 2nd. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, National Bank presently has a consensus rating of "Hold" and an average target price of $49.00.
Read Our Latest Stock Report on NBHC
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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