Prudential Financial Inc. lessened its stake in National Bank Holdings Co. (NYSE:NBHC - Free Report) by 22.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 38,669 shares of the financial services provider's stock after selling 11,350 shares during the period. Prudential Financial Inc. owned 0.10% of National Bank worth $1,665,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also added to or reduced their stakes in NBHC. KBC Group NV increased its holdings in National Bank by 82.5% during the 4th quarter. KBC Group NV now owns 2,389 shares of the financial services provider's stock worth $103,000 after purchasing an additional 1,080 shares during the period. Handelsbanken Fonder AB purchased a new position in shares of National Bank during the fourth quarter valued at approximately $224,000. FMR LLC increased its position in shares of National Bank by 359.7% in the third 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 in the last quarter. KLP Kapitalforvaltning AS acquired a new stake in National Bank during the 4th quarter valued at $362,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in National Bank during the 4th quarter worth $500,000. Institutional investors and hedge funds own 92.65% of the company's stock.
Wall Street Analyst Weigh In
A number of analysts have recently weighed in on NBHC shares. StockNews.com lowered shares of National Bank from a "hold" rating to a "sell" rating in a research note on Thursday, April 3rd. Hovde Group dropped their price objective on shares of 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. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $49.00.
Read Our Latest Stock Report on National Bank
National Bank Trading Down 3.2 %
NBHC stock traded down $1.15 during trading on Thursday, hitting $34.46. The company had a trading volume of 9,520 shares, compared to its average volume of 219,954. The stock has a market cap of $1.31 billion, a PE ratio of 11.15 and a beta of 0.77. National Bank Holdings Co. has a one year low of $32.13 and a one year high of $51.76. The business has a 50-day moving average of $40.04 and a 200-day moving average of $42.97. The company has a current ratio of 0.95, a quick ratio of 0.94 and a debt-to-equity ratio of 0.08.
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 return on equity of 9.76% and a net margin of 19.82%. Research analysts predict that National Bank Holdings Co. will post 3.31 earnings per share for the current fiscal year.
National Bank Announces Dividend
The firm also recently announced 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 dividend yield of 3.37%. The ex-dividend date of this dividend was Friday, February 28th. National Bank's dividend payout ratio is currently 37.54%.
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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