American Century Companies Inc. Sells 8,565 Shares of National Bank Holdings Corporation $NBHC

Key Points

• American Century Companies Inc. sold 8,565 shares of National Bank Holdings Corporation, reducing its stake by 1.8%, while still owning approximately 1.26% of the company valued at $18.3 million.
• National Bank's quarterly earnings of $0.88 per share exceeded analyst expectations, but revenue of $104.48 million fell short of the forecasted $110.36 million.
• The company announced a quarterly dividend of $-0.30 per share, which indicates an annualized dividend payout of $1.20 and a yield of -3.1%.

American Century Companies Inc. lowered its stake in shares of National Bank Holdings Corporation (NYSE:NBHC - Free Report) by 1.8% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 478,577 shares of the financial services provider's stock after selling 8,565 shares during the quarter. American Century Companies Inc. owned approximately 1.26% of National Bank worth $18,315,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in NBHC. Nuveen LLC acquired a new position in National Bank during the 1st quarter valued at approximately $21,123,000. Westwood Holdings Group Inc. boosted its position in National Bank by 30.1% during the 1st quarter. Westwood Holdings Group Inc. now owns 1,450,227 shares of the financial services provider's stock valued at $55,500,000 after purchasing an additional 335,741 shares during the period. Boston Partners boosted its position in National Bank by 40.6% during the 1st quarter. Boston Partners now owns 567,150 shares of the financial services provider's stock valued at $21,702,000 after purchasing an additional 163,895 shares during the period. Victory Capital Management Inc. boosted its position in National Bank by 2.6% during the 1st quarter. Victory Capital Management Inc. now owns 2,851,786 shares of the financial services provider's stock valued at $109,138,000 after purchasing an additional 72,805 shares during the period. Finally, Tudor Investment Corp ET AL raised its stake in National Bank by 1,207.4% during the 4th quarter. Tudor Investment Corp ET AL now owns 70,076 shares of the financial services provider's stock valued at $3,017,000 after acquiring an additional 64,716 shares in the last quarter. Institutional investors and hedge funds own 92.65% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on NBHC. Hovde Group boosted their price objective on National Bank from $39.00 to $42.00 and gave the stock a "market perform" rating in a research note on Thursday, July 24th. DA Davidson lifted their price target on National Bank from $42.00 to $45.00 and gave the company a "buy" rating in a report on Thursday, July 24th. Finally, Wall Street Zen upgraded National Bank from a "strong sell" rating to a "hold" rating in a report on Saturday, July 26th. One analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $47.20.

National Bank Stock Up 0.9%

Shares of NYSE:NBHC traded up $0.35 on Friday, reaching $39.26. The company had a trading volume of 84,360 shares, compared to its average volume of 254,622. National Bank Holdings Corporation has a twelve month low of $32.83 and a twelve month high of $51.76. The stock has a 50-day moving average price of $38.43 and a 200 day moving average price of $38.07. The stock has a market capitalization of $1.49 billion, a P/E ratio of 12.66 and a beta of 0.77. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.18.

National Bank (NYSE:NBHC - Get Free Report) last announced its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $0.88 earnings per share for the quarter, topping analysts' consensus estimates of $0.82 by $0.06. National Bank had a return on equity of 9.44% and a net margin of 20.02%.The company had revenue of $104.48 million during the quarter, compared to analysts' expectations of $110.36 million. During the same quarter in the previous year, the firm earned $0.68 earnings per share. The business's quarterly revenue was up 7.0% compared to the same quarter last year. On average, equities analysts expect that National Bank Holdings Corporation will post 3.31 EPS for the current year.

National Bank Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, August 29th will be given a $-0.30 dividend. This represents a ($1.20) dividend on an annualized basis and a yield of -3.1%. The ex-dividend date is Friday, August 29th. National Bank's dividend payout ratio (DPR) is presently 38.71%.

National Bank Company 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.