National Bank Holdings Corporation $NBHC Shares Sold by Invesco Ltd.

Key Points

• Invesco Ltd. has reduced its stakes in National Bank Holdings Corporation by 7.1%, selling 16,489 shares and holding a total of 214,914 shares worth approximately $8.2 million.
• National Bank recently announced a quarterly dividend of $-0.30, resulting in an annualized dividend of -$1.20 and a dividend yield of -3.1%.
• Wall Street analysts maintain a consensus rating of "Hold" for National Bank, with a price target of $47.20, indicating potential for growth despite recent earnings forecasts.

Invesco Ltd. cut its position in National Bank Holdings Corporation (NYSE:NBHC - Free Report) by 7.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 214,914 shares of the financial services provider's stock after selling 16,489 shares during the quarter. Invesco Ltd. owned about 0.56% of National Bank worth $8,225,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in NBHC. CWM LLC lifted its holdings in shares of National Bank by 158.4% during the 1st quarter. CWM LLC now owns 783 shares of the financial services provider's stock worth $30,000 after acquiring an additional 480 shares during the last quarter. Quarry LP raised its stake in shares of 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 acquiring an additional 810 shares during the last quarter. Aquatic Capital Management LLC bought a new position in shares of National Bank during the fourth quarter valued at about $174,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in National Bank in the first quarter valued at $217,000. Finally, Wealth Enhancement Advisory Services LLC bought a new stake in National Bank in the fourth quarter valued at $230,000. Institutional investors own 92.65% of the company's stock.

National Bank Stock Performance

Shares of NYSE:NBHC traded down $0.02 on Friday, hitting $39.19. 281,386 shares of the company were exchanged, compared to its average volume of 255,867. National Bank Holdings Corporation has a 1-year low of $32.83 and a 1-year high of $51.76. The stock's 50 day moving average price is $38.43 and its 200 day moving average price is $38.07. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $1.49 billion, a P/E ratio of 12.64 and a beta of 0.77.

National Bank (NYSE:NBHC - Get Free Report) last released its quarterly earnings data on Tuesday, July 22nd. The financial services provider reported $0.88 earnings per share for the quarter, topping analysts' consensus estimates of $0.82 by $0.06. National Bank had a net margin of 20.02% and a return on equity of 9.44%. The firm had revenue of $104.48 million for the quarter, compared to analyst estimates of $110.36 million. During the same quarter in the prior year, the business earned $0.68 earnings per share. The business's quarterly revenue was up 7.0% compared to the same quarter last year. Sell-side analysts predict that National Bank Holdings Corporation will post 3.31 EPS for the current year.

National Bank Cuts Dividend

The business also recently disclosed 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 is Friday, August 29th. This represents a ($1.20) dividend on an annualized basis and a yield of -3.1%. National Bank's dividend payout ratio is currently 38.71%.

Analyst Upgrades and Downgrades

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

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.