KLP Kapitalforvaltning AS Takes $362,000 Position in National Bank Holdings Co. (NYSE:NBHC)

KLP Kapitalforvaltning AS acquired a new position in shares of National Bank Holdings Co. (NYSE:NBHC - Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 8,400 shares of the financial services provider's stock, valued at approximately $362,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. lifted its holdings in National Bank by 0.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 355,487 shares of the financial services provider's stock valued at $14,966,000 after purchasing an additional 2,209 shares in the last quarter. FMR LLC lifted its stake in shares of National Bank by 359.7% during the third quarter. FMR LLC now owns 7,627 shares of the financial services provider's stock valued at $321,000 after buying an additional 5,968 shares during the period. BNP Paribas Financial Markets boosted its position in National Bank by 130.4% during the third quarter. BNP Paribas Financial Markets now owns 17,146 shares of the financial services provider's stock worth $722,000 after acquiring an additional 9,705 shares during the last quarter. Systematic Financial Management LP purchased a new stake in National Bank in the 3rd quarter worth approximately $756,000. Finally, State Street Corp raised its holdings in National Bank by 7.6% in the 3rd quarter. State Street Corp now owns 1,799,224 shares of the financial services provider's stock valued at $75,747,000 after acquiring an additional 126,796 shares during the last quarter. Hedge funds and other institutional investors own 92.65% of the company's stock.

Wall Street Analysts Forecast Growth

NBHC has been the subject of several analyst reports. Hovde Group dropped their target price on National Bank from $48.00 to $43.00 and set a "market perform" rating for the company in a research note on Wednesday, April 2nd. StockNews.com cut shares of National Bank from a "hold" rating to a "sell" rating in a research report on Thursday, April 3rd. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $49.00.

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National Bank Trading Down 4.8 %

NYSE NBHC traded down $1.70 during mid-day trading on Thursday, hitting $33.91. The company's stock had a trading volume of 266,632 shares, compared to its average volume of 221,184. 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 stock's fifty day simple moving average is $39.87 and its two-hundred day simple moving average is $42.92. The firm has a market capitalization of $1.29 billion, a P/E ratio of 10.97 and a beta of 0.77.

National Bank (NYSE:NBHC - Get Free Report) last announced its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $0.86 earnings per share (EPS) 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 expect that National Bank Holdings Co. will post 3.31 EPS for the current year.

National Bank Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 3.42%. The ex-dividend date of this dividend was Friday, February 28th. National Bank's dividend payout ratio (DPR) is presently 37.54%.

About National Bank

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.