Charles Schwab Investment Management Inc. Grows Stock Position in National Bank Holdings Corporation $NBHC

Key Points

• Charles Schwab Investment Management Inc. increased its stake in National Bank Holdings Corporation by 2.5%, owning 366,070 shares worth approximately $14 million at the end of the last reporting period.
• National Bank recently reported an EPS of $0.88 for the latest quarter, beating expectations, but revenue of $104.48 million fell short of analysts' estimates of $110.36 million.
• The company declared a quarterly dividend of $-0.30 per share, representing a -3.1% annualized yield, with a current dividend payout ratio of 38.71%.

Charles Schwab Investment Management Inc. raised its holdings in National Bank Holdings Corporation (NYSE:NBHC - Free Report) by 2.5% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 366,070 shares of the financial services provider's stock after buying an additional 9,021 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.96% of National Bank worth $14,009,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. CWM LLC boosted its position in shares of National Bank by 158.4% during the first quarter. CWM LLC now owns 783 shares of the financial services provider's stock valued at $30,000 after purchasing an additional 480 shares in the last quarter. 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 buying an additional 810 shares during the last quarter. Aquatic Capital Management LLC purchased a new position in National Bank during the fourth quarter valued at $174,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of National Bank in the first quarter worth $217,000. Finally, Wealth Enhancement Advisory Services LLC purchased a new position in shares of National Bank in the fourth quarter worth $230,000. 92.65% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

National Bank Trading Down 0.1%

NYSE:NBHC traded down $0.02 during midday trading on Friday, hitting $39.19. The stock had a trading volume of 281,386 shares, compared to its average volume of 332,657. National Bank Holdings Corporation has a one year low of $32.83 and a one year high of $51.76. The stock has a 50-day moving average of $38.50 and a 200 day moving average of $38.03. The company has a market capitalization of $1.49 billion, a price-to-earnings ratio of 12.64 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 (EPS) for the quarter, beating analysts' consensus estimates of $0.82 by $0.06. The business 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 revenue was up 7.0% compared to the same quarter last year. During the same period last year, the business posted $0.68 EPS. As a group, sell-side analysts forecast that National Bank Holdings Corporation will post 3.31 EPS for the current year.

National Bank Cuts Dividend

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