Dimensional Fund Advisors LP Buys 32,983 Shares of National Bank Holdings Co. (NYSE:NBHC)

Dimensional Fund Advisors LP increased its holdings in National Bank Holdings Co. (NYSE:NBHC - Free Report) by 1.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,089,730 shares of the financial services provider's stock after acquiring an additional 32,983 shares during the quarter. Dimensional Fund Advisors LP owned about 5.50% of National Bank worth $89,984,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Principal Financial Group Inc. increased its stake in shares of National Bank by 36.1% during the third quarter. Principal Financial Group Inc. now owns 786,096 shares of the financial services provider's stock valued at $33,095,000 after purchasing an additional 208,303 shares in the last quarter. Boston Partners increased its position in National Bank by 90.3% during the 4th quarter. Boston Partners now owns 403,255 shares of the financial services provider's stock valued at $17,366,000 after buying an additional 191,336 shares in the last quarter. JPMorgan Chase & Co. raised its stake in National Bank by 74.7% during the fourth quarter. JPMorgan Chase & Co. now owns 331,546 shares of the financial services provider's stock valued at $14,276,000 after buying an additional 141,716 shares during the last quarter. Invesco Ltd. boosted its holdings in National Bank by 36.8% in the fourth quarter. Invesco Ltd. now owns 231,403 shares of the financial services provider's stock worth $9,964,000 after acquiring an additional 62,225 shares in the last quarter. Finally, 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 worth $4,340,000 after acquiring an additional 49,359 shares during the last quarter. 92.65% of the stock is owned by hedge funds and other institutional investors.

National Bank Stock Performance

Shares of NBHC stock traded up $0.30 during trading hours on Friday, reaching $36.51. The company had a trading volume of 337,736 shares, compared to its average volume of 233,156. The firm has a market cap of $1.39 billion, a PE ratio of 11.82 and a beta of 0.77. The business has a fifty day moving average price of $37.50 and a 200-day moving average price of $42.28. National Bank Holdings Co. has a one year low of $32.83 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.

National Bank (NYSE:NBHC - Get Free Report) last announced its earnings results on Tuesday, April 22nd. The financial services provider reported $0.63 earnings per share for the quarter, missing analysts' consensus estimates of $0.76 by ($0.13). National Bank had a net margin of 19.82% and a return on equity of 9.76%. The company had revenue of $102.07 million for the quarter, compared to analysts' expectations of $107.47 million. During the same quarter in the prior year, the firm posted $0.82 earnings per share. Sell-side analysts predict that National Bank Holdings Co. will post 3.31 earnings per share for the current fiscal year.

National Bank Increases Dividend

The company also recently declared 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 is an increase from National Bank's previous quarterly dividend of $0.29. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.29%. The ex-dividend date is Friday, May 30th. National Bank's payout ratio is currently 40.00%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on NBHC. StockNews.com cut shares of National Bank from a "hold" rating to a "sell" rating in a research note on Friday. Hovde Group dropped their target price on shares of National Bank from $43.00 to $39.00 and set a "market perform" rating on the stock in a research note on Thursday, April 24th. Finally, DA Davidson reduced their price target on shares of National Bank from $46.00 to $42.00 and set a "buy" rating for the company in a research report on Wednesday, April 23rd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, National Bank currently has an average rating of "Hold" and a consensus price target of $46.00.

National Bank 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.