Russell Investments Group Ltd. trimmed its holdings in shares of National Bank Holdings Co. (NYSE:NBHC - Free Report) by 7.1% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 329,276 shares of the financial services provider's stock after selling 25,169 shares during the period. Russell Investments Group Ltd. owned approximately 0.87% of National Bank worth $14,179,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. KBC Group NV lifted its position in shares of National Bank by 82.5% during the fourth 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 in the last quarter. Handelsbanken Fonder AB acquired a new stake in shares of National Bank during the 4th quarter worth approximately $224,000. Meeder Asset Management Inc. grew its holdings in National Bank by 390.5% during the 4th quarter. Meeder Asset Management Inc. now owns 6,509 shares of the financial services provider's stock worth $280,000 after acquiring an additional 5,182 shares during the period. FMR LLC raised its position in shares of National Bank by 359.7% during the 3rd quarter. FMR LLC now owns 7,627 shares of the financial services provider's stock valued at $321,000 after acquiring an additional 5,968 shares during the last quarter. Finally, KLP Kapitalforvaltning AS bought a new stake in shares of National Bank during the 4th quarter valued at $362,000. Institutional investors own 92.65% of the company's stock.
Analyst Ratings Changes
A number of equities analysts have issued reports on the company. Hovde Group reduced 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. StockNews.com raised shares of National Bank from a "sell" rating to a "hold" rating in a research note on Friday. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $49.00.
View Our Latest Stock Report on NBHC
National Bank Price Performance
Shares of NBHC stock traded up $0.67 during trading on Tuesday, hitting $35.24. The company had a trading volume of 63,164 shares, compared to its average volume of 222,529. The firm has a market capitalization of $1.34 billion, a P/E ratio of 11.40 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 company has a debt-to-equity ratio of 0.08, a quick ratio of 0.94 and a current ratio of 0.95. The stock's 50-day moving average price is $39.51 and its 200 day moving average price is $42.83.
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, 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%. Equities analysts expect that National Bank Holdings Co. will post 3.31 EPS for the current fiscal year.
National Bank Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 3.29%. The ex-dividend date was Friday, February 28th. National Bank's payout ratio is 37.54%.
National Bank Profile
(
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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