BNP Paribas Financial Markets Sells 10,026 Shares of National Bank Holdings Co. (NYSE:NBHC)

BNP Paribas Financial Markets trimmed its holdings 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 filing with the SEC. The institutional investor 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 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of NBHC. Barclays PLC boosted its position in National Bank by 91.9% during the 3rd quarter. Barclays PLC now owns 103,076 shares of the financial services provider's stock worth $4,340,000 after acquiring an additional 49,359 shares during the last quarter. KBC Group NV boosted its position in National Bank by 82.5% during the 4th 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 last quarter. Rosenthal Henry Capital Advisors Inc. acquired a new position in National Bank during the 4th quarter worth approximately $981,000. Empowered Funds LLC boosted its holdings in shares of National Bank by 5.1% in the 4th quarter. Empowered Funds LLC now owns 129,114 shares of the financial services provider's stock valued at $5,560,000 after buying an additional 6,220 shares during the last quarter. Finally, Bank of Jackson Hole Trust acquired a new stake in shares of National Bank in the 4th quarter valued at approximately $778,000. 92.65% of the stock is owned by institutional investors.

National Bank Stock Performance

National Bank stock traded down $0.74 during mid-day trading on Friday, hitting $36.16. 174,712 shares of the company's stock traded hands, compared to its average volume of 231,542. The firm has a 50 day simple moving average of $36.42 and a two-hundred day simple moving average of $40.98. National Bank Holdings Co. has a fifty-two week low of $32.83 and a fifty-two week high of $51.76. The stock has a market cap of $1.38 billion, a price-to-earnings ratio of 11.70 and a beta of 0.77. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.95 and a quick ratio of 0.94.

National Bank (NYSE:NBHC - Get Free Report) last posted its earnings results on Tuesday, April 22nd. The financial services provider reported $0.63 earnings per share for the quarter, missing analysts' consensus estimates of $0.76 by ($0.13). National Bank had a return on equity of 9.76% and a net margin of 19.82%. The firm had revenue of $102.07 million for 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, research analysts expect that National Bank Holdings Co. will post 3.31 EPS 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. Stockholders of record on Friday, May 30th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.32%. This is an increase from National Bank's previous quarterly dividend of $0.29. National Bank's dividend payout ratio (DPR) is currently 41.38%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on NBHC shares. DA Davidson cut their price objective on National Bank from $46.00 to $42.00 and set a "buy" rating for the company in a report on Wednesday, April 23rd. Wall Street Zen downgraded National Bank from a "hold" rating to a "sell" rating in a report on Friday, May 2nd. Finally, Hovde Group cut their price objective 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. One equities 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 stock. According to data from MarketBeat, National Bank presently has a consensus rating of "Hold" and an average target price of $46.00.

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.