BNP Paribas Financial Markets Decreases Stock Position in National Bank Holdings Co. (NYSE:NBHC)

BNP Paribas Financial Markets decreased its stake in shares of National Bank Holdings Co. (NYSE:NBHC - Free Report) by 58.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 7,120 shares of the financial services provider's stock after selling 10,026 shares during the quarter. BNP Paribas Financial Markets' holdings in National Bank were worth $307,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Quarry LP raised its stake in National Bank by 503.1% during the fourth quarter. Quarry LP now owns 971 shares of the financial services provider's stock valued at $42,000 after purchasing an additional 810 shares in the last quarter. Sterling Capital Management LLC raised its position in shares of 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 buying an additional 1,052 shares in the last quarter. KBC Group NV lifted its holdings in shares of National Bank by 82.5% in the 4th quarter. KBC Group NV now owns 2,389 shares of the financial services provider's stock valued at $103,000 after acquiring an additional 1,080 shares during the last quarter. Aquatic Capital Management LLC purchased a new position in National Bank in the fourth quarter worth about $174,000. Finally, Handelsbanken Fonder AB purchased a new position in National Bank in the fourth quarter worth about $224,000. 92.65% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

NBHC has been the subject of a number of recent research reports. Hovde Group dropped their target price on National Bank from $43.00 to $39.00 and set a "market perform" rating for the company in a report on Thursday, April 24th. Wall Street Zen lowered shares of National Bank from a "hold" rating to a "sell" rating in a research note on Friday, May 2nd. Finally, DA Davidson reduced their target price 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 investment analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $46.00.

National Bank Trading Down 2.0%

NBHC stock traded down $0.74 during midday trading on Friday, reaching $36.16. The company's stock had a trading volume of 174,712 shares, compared to its average volume of 231,542. The stock has a fifty day simple moving average of $36.42 and a two-hundred day simple moving average of $41.03. 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 firm has a market capitalization of $1.38 billion, a price-to-earnings ratio of 11.70 and a beta of 0.77. National Bank Holdings Co. has a 1 year low of $32.83 and a 1 year high of $51.76.

National Bank (NYSE:NBHC - Get Free Report) last announced its quarterly earnings results on Tuesday, April 22nd. The financial services provider reported $0.63 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.76 by ($0.13). The firm had revenue of $102.07 million during the quarter, compared to analysts' expectations of $107.47 million. National Bank had a net margin of 19.82% and a return on equity of 9.76%. During the same quarter in the previous year, the firm posted $0.82 EPS. On average, equities research analysts predict that National Bank Holdings Co. will post 3.31 EPS for the current year.

National Bank Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be issued a $0.30 dividend. This is an increase from National Bank's previous quarterly dividend of $0.29. This represents a $1.20 annualized dividend and a dividend yield of 3.32%. The ex-dividend date of this dividend is Friday, May 30th. National Bank's payout ratio is presently 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.