Wellington Management Group LLP Sells 516,434 Shares of National Bank Holdings Co. (NYSE:NBHC)

Wellington Management Group LLP lessened its stake in shares of National Bank Holdings Co. (NYSE:NBHC - Free Report) by 14.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,942,823 shares of the financial services provider's stock after selling 516,434 shares during the period. Wellington Management Group LLP owned 7.73% of National Bank worth $126,718,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of NBHC. Principal Financial Group Inc. boosted its stake in National Bank by 36.1% during the 3rd quarter. Principal Financial Group Inc. now owns 786,096 shares of the financial services provider's stock valued at $33,095,000 after purchasing an additional 208,303 shares during the period. Boston Partners raised its stake in National Bank by 90.3% during the 4th 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. JPMorgan Chase & Co. boosted its holdings in National Bank by 74.7% in the 4th quarter. JPMorgan Chase & Co. now owns 331,546 shares of the financial services provider's stock valued at $14,276,000 after purchasing an additional 141,716 shares during the period. State Street Corp grew its position 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 worth $75,747,000 after purchasing an additional 126,796 shares during the last quarter. Finally, Barclays PLC increased its holdings in shares of National Bank by 91.9% during the 3rd quarter. Barclays PLC now owns 103,076 shares of the financial services provider's stock worth $4,340,000 after purchasing an additional 49,359 shares during the period. Institutional investors own 92.65% of the company's stock.

Remove Ads

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. StockNews.com cut shares of National Bank from a "hold" rating to a "sell" rating in a research note on Thursday, April 3rd. Hovde Group decreased their price objective on National Bank from $48.00 to $43.00 and set a "market perform" rating on the stock in a report on Wednesday, April 2nd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat, National Bank presently has a consensus rating of "Hold" and an average price target of $49.00.

National Bank Price Performance

NYSE:NBHC traded up $0.58 during mid-day trading on Tuesday, hitting $34.89. The company's stock had a trading volume of 54,620 shares, compared to its average volume of 221,432. 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 stock has a fifty day moving average of $40.69 and a 200-day moving average of $43.19. The company has a market capitalization of $1.33 billion, a price-to-earnings ratio of 11.30 and a beta of 0.77. National Bank Holdings Co. has a fifty-two week low of $32.13 and a fifty-two week high of $51.76.

National Bank (NYSE:NBHC - Get Free Report) last posted its earnings results on Wednesday, January 22nd. The financial services provider reported $0.86 EPS for the quarter, topping 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%. As a group, equities analysts forecast that National Bank Holdings Co. will post 3.31 EPS for the current fiscal year.

National Bank Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were paid a $0.29 dividend. The ex-dividend date was Friday, February 28th. This represents a $1.16 annualized dividend and a dividend yield of 3.32%. National Bank's dividend payout ratio 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.