Balyasny Asset Management L.P. Takes Position in National Bank Holdings Co. (NYSE:NBHC)

Balyasny Asset Management L.P. purchased a new position in shares of National Bank Holdings Co. (NYSE:NBHC - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 12,857 shares of the financial services provider's stock, valued at approximately $554,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Barclays PLC grew its stake in shares of National Bank by 91.9% in the third quarter. Barclays PLC now owns 103,076 shares of the financial services provider's stock valued at $4,340,000 after acquiring an additional 49,359 shares in the last quarter. Assenagon Asset Management S.A. bought a new position in National Bank during the 4th quarter worth approximately $1,790,000. KBC Group NV grew its position in shares of National Bank by 82.5% during the 4th quarter. KBC Group NV now owns 2,389 shares of the financial services provider's stock worth $103,000 after buying an additional 1,080 shares during the period. Rosenthal Henry Capital Advisors Inc. acquired a new stake in shares of National Bank during the 4th quarter worth approximately $981,000. Finally, Empowered Funds LLC grew its position in shares of National Bank by 5.1% during the 4th quarter. Empowered Funds LLC now owns 129,114 shares of the financial services provider's stock worth $5,560,000 after buying an additional 6,220 shares during the period. Institutional investors own 92.65% of the company's stock.

Wall Street Analysts Forecast Growth

NBHC has been the topic of a number of analyst reports. Hovde Group cut their price objective on shares of National Bank from $43.00 to $39.00 and set a "market perform" rating on the stock in a report on Thursday, April 24th. DA Davidson reduced their target price on National Bank from $46.00 to $42.00 and set a "buy" rating for the company in a report on Wednesday, April 23rd. Finally, StockNews.com cut shares of National Bank from a "hold" rating to a "sell" rating in a research report on Friday, May 2nd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $46.00.

National Bank Trading Down 1.0%

Shares of NBHC traded down $0.36 during midday trading on Wednesday, hitting $37.50. 3,830 shares of the stock were exchanged, compared to its average volume of 233,318. The firm has a market cap of $1.43 billion, a P/E ratio of 12.14 and a beta of 0.77. The stock has a fifty day simple moving average of $36.88 and a 200 day simple moving average of $41.71. National Bank Holdings Co. has a 52-week low of $32.83 and a 52-week 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.

National Bank (NYSE:NBHC - Get Free Report) last issued its quarterly earnings results on Tuesday, April 22nd. The financial services provider reported $0.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.76 by ($0.13). The company had revenue of $102.07 million during the quarter, compared to analyst estimates of $107.47 million. National Bank had a net margin of 19.82% and a return on equity of 9.76%. During the same quarter last year, the firm earned $0.82 EPS. On average, research analysts anticipate that National Bank Holdings Co. will post 3.31 EPS for the current fiscal year.

National Bank Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.20%. The ex-dividend date of this dividend is Friday, May 30th. This is a boost from National Bank's previous quarterly dividend of $0.29. National Bank's payout ratio is currently 41.38%.

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.