Segall Bryant & Hamill LLC trimmed its position in National Bank Holdings Co. (NYSE:NBHC - Free Report) by 2.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 909,530 shares of the financial services provider's stock after selling 26,881 shares during the quarter. Segall Bryant & Hamill LLC owned 2.39% of National Bank worth $39,164,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also made changes to their positions in NBHC. Assenagon Asset Management S.A. bought a new position in National Bank during the 4th quarter worth about $1,790,000. Systematic Financial Management LP purchased a new stake in shares of National Bank in the 3rd quarter worth approximately $756,000. Amundi boosted its stake in shares of National Bank by 197.3% during the fourth quarter. Amundi now owns 19,278 shares of the financial services provider's stock valued at $826,000 after purchasing an additional 12,793 shares in the last quarter. State Street Corp boosted its stake 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 valued at $75,747,000 after purchasing an additional 126,796 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in National Bank by 1.1% in 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. Institutional investors own 92.65% of the company's stock.
National Bank Stock Performance
NBHC traded down $0.54 during trading on Friday, reaching $38.76. 136,908 shares of the company's stock were exchanged, compared to its average volume of 214,297. The company's fifty day simple moving average is $41.49 and its 200-day simple moving average is $43.39. The stock has a market capitalization of $1.47 billion, a P/E ratio of 12.54 and a beta of 0.86. 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 1 year low of $32.13 and a 1 year high of $51.76.
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 the consensus estimate of $0.79 by $0.07. National Bank had a net margin of 19.82% and a return on equity of 9.76%. As a group, research analysts predict that National Bank Holdings Co. will post 3.31 earnings per share for the current fiscal year.
National Bank Dividend Announcement
The business also recently announced 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 yield of 2.99%. The ex-dividend date was Friday, February 28th. National Bank's dividend payout ratio (DPR) is 37.54%.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently weighed in on NBHC shares. StockNews.com upgraded National Bank from a "sell" rating to a "hold" rating in a research note on Wednesday, March 19th. Keefe, Bruyette & Woods increased their price target on shares of National Bank from $47.00 to $52.00 and gave the company a "market perform" rating in a research report on Wednesday, December 4th. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, National Bank has an average rating of "Hold" and a consensus target price of $51.40.
Check Out Our Latest Stock Report on National Bank
About National Bank
(
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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