National Bank Holdings Corporation (NYSE:NBHC) Shares Acquired by GAMMA Investing LLC

GAMMA Investing LLC lifted its stake in shares of National Bank Holdings Corporation (NYSE:NBHC - Free Report) by 4,552.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,283 shares of the financial services provider's stock after acquiring an additional 19,847 shares during the period. GAMMA Investing LLC owned 0.05% of National Bank worth $776,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of NBHC. Boston Partners lifted its holdings in shares of National Bank by 90.3% during the 4th quarter. Boston Partners now owns 403,255 shares of the financial services provider's stock worth $17,366,000 after acquiring an additional 191,336 shares during the period. JPMorgan Chase & Co. raised its holdings in National Bank by 74.7% in the fourth quarter. JPMorgan Chase & Co. now owns 331,546 shares of the financial services provider's stock valued at $14,276,000 after buying an additional 141,716 shares during the period. Tudor Investment Corp ET AL raised its holdings in National Bank by 1,207.4% in the fourth quarter. Tudor Investment Corp ET AL now owns 70,076 shares of the financial services provider's stock valued at $3,017,000 after buying an additional 64,716 shares during the period. Invesco Ltd. raised its holdings in National Bank by 36.8% in the fourth quarter. Invesco Ltd. now owns 231,403 shares of the financial services provider's stock valued at $9,964,000 after buying an additional 62,225 shares during the period. Finally, First Trust Advisors LP raised its holdings in National Bank by 46.4% in the fourth quarter. First Trust Advisors LP now owns 132,423 shares of the financial services provider's stock valued at $5,702,000 after buying an additional 41,986 shares during the period. 92.65% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

NBHC has been the topic of several research reports. DA Davidson cut their price target on shares of National Bank from $46.00 to $42.00 and set a "buy" rating on the stock in a report on Wednesday, April 23rd. Wall Street Zen lowered shares of National Bank from a "hold" rating to a "sell" rating in a report on Friday, May 2nd. Finally, Hovde Group cut 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 report on Thursday, April 24th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $46.00.

National Bank Stock Up 0.2%

Shares of NBHC traded up $0.08 during mid-day trading on Friday, reaching $35.93. 532,261 shares of the stock traded hands, compared to its average volume of 229,054. The firm has a market cap of $1.37 billion, a price-to-earnings ratio of 12.39 and a beta of 0.77. The stock has a fifty day simple moving average of $36.47 and a 200 day simple moving average of $39.82. National Bank Holdings Corporation has a 12-month low of $32.83 and a 12-month high of $51.76. The company has a quick ratio of 0.92, a current ratio of 0.93 and a debt-to-equity ratio of 0.10.

National Bank (NYSE:NBHC - Get Free Report) last posted its quarterly earnings data 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 for the quarter, compared to analysts' expectations of $107.47 million. National Bank had a net margin of 18.75% and a return on equity of 9.02%. During the same quarter in the prior year, the business earned $0.82 EPS. Sell-side analysts expect that National Bank Holdings Corporation will post 3.31 EPS for the current fiscal year.

National Bank Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 30th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, May 30th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.34%. This is a positive change from National Bank's previous quarterly dividend of $0.29. National Bank's dividend payout ratio (DPR) is currently 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.