Vanguard Group Inc. Acquires 35,910 Shares of National Bank Holdings Co. (NYSE:NBHC)

Vanguard Group Inc. raised its position in shares of National Bank Holdings Co. (NYSE:NBHC - Free Report) by 0.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,230,384 shares of the financial services provider's stock after acquiring an additional 35,910 shares during the period. Vanguard Group Inc. owned approximately 11.13% of National Bank worth $182,160,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in NBHC. Charles Schwab Investment Management Inc. boosted its stake in National Bank by 0.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 355,487 shares of the financial services provider's stock valued at $14,966,000 after purchasing an additional 2,209 shares during the period. FMR LLC lifted its holdings in shares of National Bank by 359.7% during the third quarter. FMR LLC now owns 7,627 shares of the financial services provider's stock worth $321,000 after buying an additional 5,968 shares during the last quarter. BNP Paribas Financial Markets boosted its position in shares of National Bank by 130.4% in the third quarter. BNP Paribas Financial Markets now owns 17,146 shares of the financial services provider's stock valued at $722,000 after acquiring an additional 9,705 shares during the period. State Street Corp boosted its position in shares of National Bank by 7.6% in 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 acquiring an additional 126,796 shares during the period. Finally, Public Employees Retirement System of Ohio grew its stake in shares of National Bank by 22.7% in the third quarter. Public Employees Retirement System of Ohio now owns 59,898 shares of the financial services provider's stock worth $2,522,000 after acquiring an additional 11,070 shares during the last quarter. 92.65% of the stock is owned by institutional investors and hedge funds.

Remove Ads

National Bank Stock Performance

NBHC stock traded up $0.01 during midday trading on Friday, hitting $33.93. The stock had a trading volume of 192,326 shares, compared to its average volume of 221,535. National Bank Holdings Co. has a 52 week low of $32.13 and a 52 week high of $51.76. 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 50-day simple moving average of $39.69 and a 200 day simple moving average of $42.87. The firm has a market capitalization of $1.29 billion, a price-to-earnings ratio of 10.98 and a beta of 0.77.

National Bank (NYSE:NBHC - Get Free Report) last released its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $0.86 EPS for the quarter, topping analysts' consensus estimates 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 earnings per share for the current year.

National Bank Dividend Announcement

The business also recently disclosed 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 of this dividend was Friday, February 28th. This represents a $1.16 annualized dividend and a dividend yield of 3.42%. National Bank's dividend payout ratio is currently 37.54%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. StockNews.com upgraded shares of National Bank from a "sell" rating to a "hold" rating in a research note on Friday. Hovde Group cut 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 report on Wednesday, April 2nd. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $49.00.

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.