Renaissance Technologies LLC Trims Stock Position in National Bank Holdings Co. (NYSE:NBHC)

Renaissance Technologies LLC lessened its stake in National Bank Holdings Co. (NYSE:NBHC - Free Report) by 3.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 803,200 shares of the financial services provider's stock after selling 29,600 shares during the period. Renaissance Technologies LLC owned about 2.11% of National Bank worth $34,586,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in NBHC. Legal & General Group Plc boosted its stake in shares of National Bank by 1.5% during the 4th quarter. Legal & General Group Plc now owns 104,005 shares of the financial services provider's stock valued at $4,478,000 after purchasing an additional 1,498 shares in the last quarter. Invesco Ltd. increased its position in shares of National Bank by 36.8% during the fourth quarter. Invesco Ltd. now owns 231,403 shares of the financial services provider's stock valued at $9,964,000 after acquiring an additional 62,225 shares in the last quarter. Bank of Montreal Can raised its stake in shares of National Bank by 6.8% in the fourth quarter. Bank of Montreal Can now owns 7,098 shares of the financial services provider's stock worth $306,000 after purchasing an additional 455 shares during the last quarter. Wells Fargo & Company MN lifted its stake in National Bank by 27.1% during the 4th quarter. Wells Fargo & Company MN now owns 22,121 shares of the financial services provider's stock valued at $953,000 after acquiring an additional 4,719 shares during the period. Finally, Franklin Resources Inc. lifted its position in National Bank by 216.8% during the fourth quarter. Franklin Resources Inc. now owns 33,945 shares of the financial services provider's stock valued at $1,462,000 after purchasing an additional 23,230 shares during the period. 92.65% of the stock is owned by hedge funds and other institutional investors.

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National Bank Stock Performance

NBHC stock traded up $0.53 during midday trading on Tuesday, reaching $35.10. The stock had a trading volume of 173,768 shares, compared to its average volume of 223,484. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.94 and a current ratio of 0.95. National Bank Holdings Co. has a 52-week low of $32.13 and a 52-week high of $51.76. The stock has a market cap of $1.34 billion, a PE ratio of 11.36 and a beta of 0.77. The firm has a fifty day simple moving average of $39.51 and a two-hundred day simple moving average of $42.83.

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

National Bank Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were issued a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 3.31%. The ex-dividend date was Friday, February 28th. National Bank's payout ratio is 37.54%.

Analysts Set New Price Targets

A number of research analysts have weighed in on NBHC shares. StockNews.com raised National Bank from a "sell" rating to a "hold" rating in a report on Friday. Hovde Group decreased their target price 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. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $49.00.

National Bank Company Profile

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.