Vest Financial LLC Takes Position in National Bank Holdings Co. (NYSE:NBHC)

Vest Financial LLC bought a new position in shares of National Bank Holdings Co. (NYSE:NBHC - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 18,988 shares of the financial services provider's stock, valued at approximately $727,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Bank of Montreal Can increased its holdings in National Bank by 6.8% during the 4th quarter. Bank of Montreal Can now owns 7,098 shares of the financial services provider's stock worth $306,000 after purchasing an additional 455 shares during the period. Swiss National Bank raised its holdings in shares of 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 acquiring an additional 700 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in 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 worth $904,000 after acquiring an additional 715 shares during the period. Quarry LP grew its holdings 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 in the last quarter. Finally, Sterling Capital Management LLC increased its position in National Bank by 815.5% during the 4th quarter. Sterling Capital Management LLC now owns 1,181 shares of the financial services provider's stock valued at $51,000 after purchasing an additional 1,052 shares during the period. 92.65% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

NBHC has been the subject of several research reports. Hovde Group lowered their price target 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. DA Davidson lowered 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, 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 given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $46.00.

National Bank Stock Down 0.4%

NYSE:NBHC traded down $0.15 during midday trading on Thursday, reaching $37.01. 193,609 shares of the stock traded hands, compared to its average volume of 229,555. The business has a 50-day moving average of $36.25 and a two-hundred day moving average of $40.46. 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 Holdings Co. has a 12-month low of $32.83 and a 12-month high of $51.76. The stock has a market capitalization of $1.41 billion, a PE ratio of 11.98 and a beta of 0.77.

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 for the quarter, missing the consensus estimate of $0.76 by ($0.13). National Bank had a return on equity of 9.76% and a net margin of 19.82%. The business had revenue of $102.07 million during the quarter, compared to analyst estimates of $107.47 million. During the same period in the prior year, the business posted $0.82 EPS. On average, equities analysts forecast 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 announced a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be given a $0.30 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $1.20 dividend on an annualized basis and a yield of 3.24%. This is a positive change from National Bank's previous quarterly dividend of $0.29. National Bank's dividend 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.