Deutsche Bank AG lifted its holdings in National Bank Holdings Co. (NYSE:NBHC - Free Report) by 60.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 30,067 shares of the financial services provider's stock after acquiring an additional 11,318 shares during the period. Deutsche Bank AG owned approximately 0.08% of National Bank worth $1,295,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also recently made changes to their positions in NBHC. Boston Partners boosted its stake in National Bank by 90.3% during the 4th quarter. Boston Partners now owns 403,255 shares of the financial services provider's stock valued at $17,366,000 after purchasing an additional 191,336 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in National Bank by 74.7% during the 4th quarter. JPMorgan Chase & Co. now owns 331,546 shares of the financial services provider's stock valued at $14,276,000 after purchasing an additional 141,716 shares during the last quarter. Tudor Investment Corp ET AL boosted its stake in National Bank by 1,207.4% during the 4th quarter. Tudor Investment Corp ET AL now owns 70,076 shares of the financial services provider's stock valued at $3,017,000 after purchasing an additional 64,716 shares during the last quarter. Invesco Ltd. boosted its stake in National Bank by 36.8% during the 4th quarter. Invesco Ltd. now owns 231,403 shares of the financial services provider's stock valued at $9,964,000 after purchasing an additional 62,225 shares during the last quarter. Finally, Barclays PLC boosted its stake in National Bank by 91.9% during the 3rd quarter. Barclays PLC now owns 103,076 shares of the financial services provider's stock valued at $4,340,000 after purchasing an additional 49,359 shares during the last quarter. 92.65% of the stock is owned by institutional investors.
Analyst Ratings Changes
A number of research firms have issued reports on NBHC. DA Davidson cut their price target on National Bank from $46.00 to $42.00 and set a "buy" rating for the company in a research note on Wednesday, April 23rd. Hovde Group cut their target price on National Bank from $43.00 to $39.00 and set a "market perform" rating on the stock in a research note on Thursday, April 24th. Finally, Wall Street Zen downgraded National Bank from a "hold" rating to a "sell" rating in a research note on Friday, May 2nd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat.com, National Bank presently has an average rating of "Hold" and an average price target of $46.00.
View Our Latest Stock Analysis on NBHC
National Bank Stock Performance
Shares of NYSE:NBHC traded down $0.19 during mid-day trading on Friday, reaching $36.41. The company had a trading volume of 11,058 shares, compared to its average volume of 230,462. The company has a current ratio of 0.95, a quick ratio of 0.94 and a debt-to-equity ratio of 0.08. The firm has a market cap of $1.39 billion, a price-to-earnings ratio of 11.77 and a beta of 0.77. The company's 50-day moving average price is $36.54 and its 200-day moving average price is $41.26. National Bank Holdings Co. has a one year low of $32.83 and a one year high of $51.76.
National Bank (NYSE:NBHC - Get Free Report) last posted its quarterly earnings results on Tuesday, April 22nd. The financial services provider reported $0.63 EPS for the quarter, missing analysts' consensus estimates of $0.76 by ($0.13). The company had revenue of $102.07 million during the quarter, compared to the consensus estimate of $107.47 million. National Bank had a return on equity of 9.76% and a net margin of 19.82%. During the same period last year, the firm posted $0.82 EPS. As a group, equities research analysts anticipate that National Bank Holdings Co. will post 3.31 EPS for the current fiscal year.
National Bank Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be issued a dividend of $0.30 per share. This is a boost from National Bank's previous quarterly dividend of $0.29. The ex-dividend date is Friday, May 30th. This represents a $1.20 dividend on an annualized basis and a yield of 3.30%. National Bank's payout ratio is presently 41.38%.
National Bank Company Profile
(
Free Report)
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.
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