Nuveen Asset Management LLC Sells 76,116 Shares of National Bank Holdings Co. (NYSE:NBHC)

Nuveen Asset Management LLC cut its position in National Bank Holdings Co. (NYSE:NBHC - Free Report) by 12.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 542,771 shares of the financial services provider's stock after selling 76,116 shares during the quarter. Nuveen Asset Management LLC owned about 1.43% of National Bank worth $23,372,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of NBHC. Barclays PLC lifted its stake in National Bank by 91.9% in the 3rd quarter. Barclays PLC now owns 103,076 shares of the financial services provider's stock worth $4,340,000 after purchasing an additional 49,359 shares in the last quarter. Assenagon Asset Management S.A. purchased a new stake in shares of National Bank during the 4th quarter valued at $1,790,000. KBC Group NV raised its position in National Bank by 82.5% in the 4th quarter. KBC Group NV now owns 2,389 shares of the financial services provider's stock worth $103,000 after purchasing an additional 1,080 shares during the period. Rosenthal Henry Capital Advisors Inc. bought a new stake in National Bank in the 4th quarter worth $981,000. Finally, Empowered Funds LLC boosted its stake in shares of National Bank by 5.1% during the 4th quarter. Empowered Funds LLC now owns 129,114 shares of the financial services provider's stock valued at $5,560,000 after purchasing an additional 6,220 shares in the last quarter. 92.65% of the stock is currently owned by hedge funds and other institutional investors.

National Bank Stock Up 0.4%

National Bank stock traded up $0.15 during trading hours on Thursday, hitting $36.55. The stock had a trading volume of 8,550 shares, compared to its average volume of 237,478. The company has a quick ratio of 0.94, a current ratio of 0.95 and a debt-to-equity ratio of 0.08. The stock has a market capitalization of $1.39 billion, a P/E ratio of 11.83 and a beta of 0.77. National Bank Holdings Co. has a 12-month low of $32.83 and a 12-month high of $51.76. The stock's 50-day moving average price is $36.54 and its 200-day moving average price is $41.26.

National Bank (NYSE:NBHC - Get Free Report) last released its quarterly earnings data on Tuesday, April 22nd. The financial services provider reported $0.63 earnings per share for the quarter, missing the consensus estimate of $0.76 by ($0.13). National Bank had a net margin of 19.82% and a return on equity of 9.76%. The company had revenue of $102.07 million for the quarter, compared to analysts' expectations of $107.47 million. During the same period in the previous year, the firm earned $0.82 earnings per share. Equities research analysts anticipate that National Bank Holdings Co. will post 3.31 EPS for the current fiscal year.

National Bank Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 3.28%. This is a boost from National Bank's previous quarterly dividend of $0.29. The ex-dividend date is Friday, May 30th. National Bank's payout ratio is presently 41.38%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on NBHC. Wall Street Zen cut shares of National Bank from a "hold" rating to a "sell" rating in a research report on Friday, May 2nd. Hovde Group lowered their price target on shares of National Bank from $43.00 to $39.00 and set a "market perform" rating for the company in a research report on Thursday, April 24th. Finally, DA Davidson lowered their price target on shares of National Bank from $46.00 to $42.00 and set a "buy" rating for the company in a research report on Wednesday, April 23rd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $46.00.

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.