13,746 Shares in National Bank Holdings Co. (NYSE:NBHC) Acquired by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. purchased a new position in shares of National Bank Holdings Co. (NYSE:NBHC - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 13,746 shares of the financial services provider's stock, valued at approximately $526,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bank of Montreal Can increased its holdings in shares of 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 acquiring an additional 455 shares during the period. Swiss National Bank increased its stake in National Bank by 0.9% in the fourth quarter. Swiss National Bank now owns 74,500 shares of the financial services provider's stock valued at $3,208,000 after purchasing an additional 700 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of National Bank by 3.5% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,987 shares of the financial services provider's stock valued at $904,000 after buying an additional 715 shares during the last quarter. Quarry LP lifted its position in National Bank by 503.1% during the 4th quarter. Quarry LP now owns 971 shares of the financial services provider's stock worth $42,000 after acquiring an additional 810 shares during the period. Finally, Sterling Capital Management LLC grew its position in National Bank by 815.5% in the 4th quarter. Sterling Capital Management LLC now owns 1,181 shares of the financial services provider's stock valued at $51,000 after buying an additional 1,052 shares during the last quarter. Hedge funds and other institutional investors own 92.65% of the company's stock.

National Bank Stock Down 2.8%

Shares of NYSE NBHC opened at $36.03 on Friday. The stock has a market capitalization of $1.37 billion, a price-to-earnings ratio of 11.66 and a beta of 0.77. National Bank Holdings Co. has a 52 week low of $32.83 and a 52 week high of $51.76. The firm has a 50-day moving average price of $36.34 and a 200 day moving average price of $40.29. The company has a quick ratio of 0.94, a current ratio of 0.95 and a debt-to-equity ratio of 0.08.

National Bank (NYSE:NBHC - Get Free Report) last announced its quarterly earnings results 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). The firm had revenue of $102.07 million for the quarter, compared to analysts' expectations of $107.47 million. National Bank had a return on equity of 9.76% and a net margin of 19.82%. During the same period last year, the firm earned $0.82 EPS. Equities research analysts anticipate that National Bank Holdings Co. will post 3.31 EPS for the current fiscal year.

National Bank Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 30th were issued a $0.30 dividend. This is a positive change from National Bank's previous quarterly dividend of $0.29. The ex-dividend date was Friday, May 30th. This represents a $1.20 annualized dividend and a yield of 3.33%. National Bank's dividend payout ratio is 41.38%.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. DA Davidson reduced their target price on shares of National Bank from $46.00 to $42.00 and set a "buy" rating for the company in a research note on Wednesday, April 23rd. Hovde Group reduced their price objective on shares of National Bank from $43.00 to $39.00 and set a "market perform" rating for the company in a research report on Thursday, April 24th. Finally, Wall Street Zen cut National Bank from a "hold" rating to a "sell" rating in a research report on Friday, May 2nd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat.com, National Bank currently has an average rating of "Hold" and an average target price 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.

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