Kennedy Capital Management LLC trimmed its position in shares of National Bank Holdings Co. (NYSE:NBHC - Free Report) by 22.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 367,008 shares of the financial services provider's stock after selling 103,608 shares during the quarter. Kennedy Capital Management LLC owned approximately 0.97% of National Bank worth $15,803,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently modified their holdings of NBHC. FMR LLC grew its position in National Bank by 359.7% during the 3rd quarter. FMR LLC now owns 7,627 shares of the financial services provider's stock worth $321,000 after acquiring an additional 5,968 shares during the last quarter. BNP Paribas Financial Markets boosted its stake in 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 purchasing an additional 9,705 shares in the last quarter. State Street Corp grew its holdings in shares of 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 worth $75,747,000 after purchasing an additional 126,796 shares during the last quarter. Public Employees Retirement System of Ohio increased its stake in shares of National Bank by 22.7% in the third quarter. Public Employees Retirement System of Ohio now owns 59,898 shares of the financial services provider's stock valued at $2,522,000 after buying an additional 11,070 shares in the last quarter. Finally, Barclays PLC raised its holdings in shares of National Bank by 91.9% in the third quarter. Barclays PLC now owns 103,076 shares of the financial services provider's stock valued at $4,340,000 after buying an additional 49,359 shares during the last quarter. Institutional investors and hedge funds own 92.65% of the company's stock.
National Bank Trading Up 2.1 %
Shares of NYSE:NBHC traded up $0.72 during trading on Tuesday, hitting $35.29. 35,013 shares of the company's stock were exchanged, compared to its average volume of 222,419. 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 firm has a market cap of $1.34 billion, a P/E ratio of 11.42 and a beta of 0.77. The firm has a 50-day moving average price of $39.51 and a two-hundred 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 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%. Equities analysts predict that National Bank Holdings Co. will post 3.31 earnings per share for the current year.
National Bank Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 3.29%. The ex-dividend date was Friday, February 28th. National Bank's dividend payout ratio (DPR) is currently 37.54%.
Wall Street Analysts Forecast Growth
A number of equities research analysts have commented on the stock. StockNews.com raised shares of National Bank from a "sell" rating to a "hold" rating in a report on Friday. Hovde Group decreased their price target on shares of National Bank from $48.00 to $43.00 and set a "market perform" rating on the stock in a research note on Wednesday, April 2nd. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, National Bank has an average rating of "Hold" and an average target price of $49.00.
Get Our Latest Stock Analysis 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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