Victory Capital Management Inc. Sells 67,760 Shares of National Bank Holdings Co. (NYSE:NBHC)

Victory Capital Management Inc. cut its stake in National Bank Holdings Co. (NYSE:NBHC - Free Report) by 2.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,778,981 shares of the financial services provider's stock after selling 67,760 shares during the quarter. Victory Capital Management Inc. owned 7.31% of National Bank worth $119,663,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Leeward Investments LLC MA increased its stake in National Bank by 64.2% in the third quarter. Leeward Investments LLC MA now owns 374,638 shares of the financial services provider's stock valued at $15,772,000 after purchasing an additional 146,494 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of National Bank by 36.1% in 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 buying an additional 208,303 shares in the last quarter. Assetmark Inc. acquired a new stake in National Bank during the 3rd quarter worth $71,000. Atria Investments Inc bought a new position in National Bank during the third quarter worth about $202,000. Finally, Empowered Funds LLC grew its stake in National Bank by 5.3% in the third quarter. Empowered Funds LLC now owns 122,894 shares of the financial services provider's stock valued at $5,174,000 after acquiring an additional 6,164 shares during the period. 92.65% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

NBHC has been the topic of several recent analyst reports. Hovde Group cut National Bank from an "outperform" rating to a "market perform" rating and set a $55.00 price objective on the stock. in a report on Monday, November 18th. Keefe, Bruyette & Woods lifted their price target on shares of National Bank from $47.00 to $52.00 and gave the company a "market perform" rating in a research note on Wednesday, December 4th. Finally, StockNews.com cut shares of National Bank from a "hold" rating to a "sell" rating in a report on Friday. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $51.40.

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National Bank Stock Down 0.3 %

NYSE:NBHC traded down $0.14 on Friday, hitting $39.98. 172,214 shares of the company's stock were exchanged, compared to its average volume of 182,678. The company has a market cap of $1.52 billion, a P/E ratio of 12.94 and a beta of 0.86. The firm has a 50-day moving average price of $42.63 and a 200-day moving average price of $43.77. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.95 and a quick ratio of 0.94. National Bank Holdings Co. has a 52 week low of $32.13 and a 52 week high of $51.76.

National Bank (NYSE:NBHC - Get Free Report) last issued its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $0.86 EPS for the quarter, beating 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, analysts expect 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 will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be issued a dividend of $0.29 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.16 dividend on an annualized basis and a yield of 2.90%. National Bank's payout ratio is 37.54%.

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.