Balyasny Asset Management L.P. Purchases New Stake in National Bank Holdings Co. (NYSE:NBHC)

Balyasny Asset Management L.P. bought a new stake in shares of National Bank Holdings Co. (NYSE:NBHC - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 12,857 shares of the financial services provider's stock, valued at approximately $554,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Assenagon Asset Management S.A. acquired a new stake in National Bank in the fourth quarter valued at approximately $1,790,000. Amundi grew its position in National Bank by 197.3% in the 4th quarter. Amundi now owns 19,278 shares of the financial services provider's stock valued at $826,000 after purchasing an additional 12,793 shares during the period. Bank of Montreal Can grew its position in National Bank by 6.8% in the 4th quarter. Bank of Montreal Can now owns 7,098 shares of the financial services provider's stock valued at $306,000 after purchasing an additional 455 shares during the period. Invesco Ltd. increased its stake in National Bank by 36.8% during the 4th quarter. Invesco Ltd. now owns 231,403 shares of the financial services provider's stock valued at $9,964,000 after purchasing an additional 62,225 shares in the last quarter. Finally, Barclays PLC raised its holdings in National Bank by 91.9% during the third quarter. Barclays PLC now owns 103,076 shares of the financial services provider's stock worth $4,340,000 after buying an additional 49,359 shares during the last quarter. 92.65% of the stock is owned by institutional investors.

National Bank Stock Down 0.1%

Shares of NBHC stock traded down $0.03 on Monday, hitting $38.17. The stock had a trading volume of 167,010 shares, compared to its average volume of 234,804. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.95 and a quick ratio of 0.94. The business has a 50 day moving average of $36.88 and a 200 day moving average of $41.78. National Bank Holdings Co. has a 12-month low of $32.83 and a 12-month high of $51.76. The stock has a market cap of $1.45 billion, a price-to-earnings ratio of 12.35 and a beta of 0.77.

National Bank (NYSE:NBHC - Get Free Report) last posted its quarterly earnings data on Tuesday, April 22nd. The financial services provider reported $0.63 EPS for the quarter, missing the consensus estimate of $0.76 by ($0.13). National Bank had a net margin of 19.82% and a return on equity of 9.76%. The firm had revenue of $102.07 million during the quarter, compared to analysts' expectations of $107.47 million. During the same quarter last year, the business posted $0.82 EPS. As a group, analysts expect that National Bank Holdings Co. will post 3.31 EPS for the current year.

National Bank Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.14%. This is an increase from National Bank's previous quarterly dividend of $0.29. The ex-dividend date is Friday, May 30th. National Bank's dividend payout ratio (DPR) is presently 41.38%.

Wall Street Analysts Forecast Growth

NBHC has been the subject of several recent research reports. StockNews.com downgraded shares of National Bank from a "hold" rating to a "sell" rating in a research report on Friday, May 2nd. Hovde Group cut their price target on National Bank from $43.00 to $39.00 and set a "market perform" rating for the company in a research note on Thursday, April 24th. Finally, DA Davidson lowered their price objective on National Bank from $46.00 to $42.00 and set a "buy" rating for the company in a research note on Wednesday, April 23rd. 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. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $46.00.

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.