Boston Partners Increases Position in National Bank Holdings Corporation $NBHC

Key Points

• Boston Partners increased its stake in National Bank Holdings Corporation by 40.6%, owning 567,150 shares valued at approximately $21.7 million after purchasing an additional 163,895 shares in the first quarter.
• The recent research reports have seen analysts upgrade National Bank's stock rating, with DA Davidson raising the target price from $42.00 to $45.00 and assigning a "buy" rating.
• National Bank recently declared a quarterly dividend of -$0.30 per share and had a dividend yield of -3.2%, reflecting a shift in their dividend strategy.

Boston Partners boosted its stake in shares of National Bank Holdings Corporation (NYSE:NBHC - Free Report) by 40.6% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 567,150 shares of the financial services provider's stock after purchasing an additional 163,895 shares during the period. Boston Partners owned 1.49% of National Bank worth $21,702,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in NBHC. CWM LLC lifted its position in shares of National Bank by 158.4% in the first quarter. CWM LLC now owns 783 shares of the financial services provider's stock valued at $30,000 after buying an additional 480 shares during the last quarter. Quarry LP lifted its position in shares of National Bank by 503.1% in the fourth quarter. Quarry LP now owns 971 shares of the financial services provider's stock valued at $42,000 after buying an additional 810 shares during the last quarter. Sterling Capital Management LLC lifted its position in shares of National Bank by 815.5% in the fourth 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 during the last quarter. Aquatic Capital Management LLC acquired a new stake in shares of National Bank in the fourth quarter valued at approximately $174,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of National Bank in the first quarter valued at approximately $217,000. 92.65% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

National Bank Price Performance

Shares of NYSE NBHC traded down $0.04 during mid-day trading on Thursday, hitting $37.65. 52,603 shares of the stock traded hands, compared to its average volume of 254,319. The company has a market cap of $1.43 billion, a PE ratio of 12.15 and a beta of 0.77. National Bank Holdings Corporation has a twelve month low of $32.83 and a twelve month high of $51.76. The firm has a 50 day simple moving average of $38.07 and a two-hundred day simple moving average of $38.24. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.93 and a quick ratio of 0.93.

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

National Bank Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, August 29th will be issued a dividend of $-0.30 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a ($1.20) annualized dividend and a yield of -3.2%. National Bank's payout ratio is presently 38.71%.

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.