National Bank Holdings Co. (NYSE:NBHC) Shares Sold by Ameriprise Financial Inc.

Ameriprise Financial Inc. decreased its holdings in National Bank Holdings Co. (NYSE:NBHC - Free Report) by 13.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 167,087 shares of the financial services provider's stock after selling 25,822 shares during the quarter. Ameriprise Financial Inc. owned about 0.44% of National Bank worth $7,195,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Quarry LP increased its stake 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 acquiring an additional 810 shares during the period. Sterling Capital Management LLC increased its stake in shares of National Bank by 815.5% during the fourth quarter. Sterling Capital Management LLC now owns 1,181 shares of the financial services provider's stock worth $51,000 after acquiring an additional 1,052 shares during the period. KBC Group NV increased its stake in shares of National Bank by 82.5% during the fourth quarter. KBC Group NV now owns 2,389 shares of the financial services provider's stock worth $103,000 after acquiring an additional 1,080 shares during the period. Aquatic Capital Management LLC acquired a new position in shares of National Bank during the fourth quarter worth about $174,000. Finally, Handelsbanken Fonder AB acquired a new position in shares of National Bank during the fourth quarter worth about $224,000. Hedge funds and other institutional investors own 92.65% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Wall Street Zen lowered shares of National Bank from a "hold" rating to a "sell" rating in a research note on Friday, May 2nd. Hovde Group dropped 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 research note on Thursday, April 24th. Finally, DA Davidson dropped their price target on shares of National Bank from $46.00 to $42.00 and set a "buy" rating on the stock in a research note on Wednesday, April 23rd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $46.00.

National Bank Price Performance

NBHC traded up $0.55 on Tuesday, hitting $37.09. 123,488 shares of the company were exchanged, compared to its average volume of 231,955. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.94 and a current ratio of 0.95. The business's fifty day moving average is $36.58 and its 200 day moving average is $41.30. National Bank Holdings Co. has a fifty-two week low of $32.83 and a fifty-two week high of $51.76. The firm has a market capitalization of $1.41 billion, a P/E ratio of 12.00 and a beta of 0.77.

National Bank (NYSE:NBHC - Get Free Report) last issued its 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 company had revenue of $102.07 million for the quarter, compared to analyst estimates of $107.47 million. During the same quarter in the previous year, the company posted $0.82 earnings per share. As a group, sell-side analysts anticipate that National Bank Holdings Co. will post 3.31 EPS for the current year.

National Bank Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be given a dividend of $0.30 per share. This is a positive change from National Bank's previous quarterly dividend of $0.29. This represents a $1.20 annualized dividend and a yield of 3.24%. The ex-dividend date is Friday, May 30th. National Bank's dividend payout ratio is presently 41.38%.

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.