Harbor Capital Advisors Inc. Buys New Holdings in National Bank Holdings Corporation (NYSE:NBHC)

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

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Quarry LP boosted its holdings in shares of National Bank by 503.1% during the fourth quarter. Quarry LP now owns 971 shares of the financial services provider's stock worth $42,000 after purchasing an additional 810 shares during the period. Sterling Capital Management LLC lifted its holdings 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 worth $51,000 after buying an additional 1,052 shares during the period. Aquatic Capital Management LLC bought a new stake in shares of National Bank in the 4th quarter worth approximately $174,000. Handelsbanken Fonder AB bought a new stake in shares of National Bank in the 4th quarter worth approximately $224,000. Finally, Wealth Enhancement Advisory Services LLC purchased a new position in shares of National Bank during the fourth quarter valued at approximately $230,000. Institutional investors own 92.65% of the company's stock.

National Bank Stock Up 0.8%

NYSE:NBHC traded up $0.29 during mid-day trading on Wednesday, hitting $35.91. 58,732 shares of the company's stock were exchanged, compared to its average volume of 229,076. The company has a market cap of $1.37 billion, a PE ratio of 12.37 and a beta of 0.77. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.93 and a quick ratio of 0.92. National Bank Holdings Corporation has a one year low of $32.83 and a one year high of $51.76. The business has a fifty day moving average price of $36.39 and a 200 day moving average price of $40.06.

National Bank (NYSE:NBHC - Get Free Report) last released 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). The business had revenue of $102.07 million for the quarter, compared to analysts' expectations of $107.47 million. National Bank had a net margin of 18.75% and a return on equity of 9.02%. During the same period last year, the business earned $0.82 earnings per share. Equities analysts predict that National Bank Holdings Corporation will post 3.31 EPS for the current 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 paid a dividend of $0.30 per share. This is a boost from National Bank's previous quarterly dividend of $0.29. The ex-dividend date was Friday, May 30th. This represents a $1.20 dividend on an annualized basis and a yield of 3.34%. National Bank's dividend payout ratio (DPR) is presently 41.38%.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Hovde Group cut their price target 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 decreased 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 note on Wednesday, April 23rd. Finally, Wall Street Zen cut National Bank from a "hold" rating to a "sell" rating in a research report on Friday, May 2nd. One 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 stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average 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.