Teacher Retirement System of Texas Sells 9,659 Shares of National Bank Holdings Corporation (NYSE:NBHC)

Teacher Retirement System of Texas reduced its position in shares of National Bank Holdings Corporation (NYSE:NBHC - Free Report) by 57.2% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 7,222 shares of the financial services provider's stock after selling 9,659 shares during the quarter. Teacher Retirement System of Texas' holdings in National Bank were worth $276,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NBHC. Quarry LP raised its holdings in National Bank by 503.1% during the 4th quarter. Quarry LP now owns 971 shares of the financial services provider's stock worth $42,000 after purchasing an additional 810 shares during the last quarter. Sterling Capital Management LLC raised its position in shares of National Bank by 815.5% in the 4th quarter. Sterling Capital Management LLC now owns 1,181 shares of the financial services provider's stock valued at $51,000 after acquiring an additional 1,052 shares during the period. Aquatic Capital Management LLC acquired a new stake in shares of National Bank in the 4th quarter valued at approximately $174,000. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of National Bank in the 4th quarter valued at approximately $230,000. Finally, iSAM Funds UK Ltd acquired a new stake in shares of National Bank in the 4th quarter valued at approximately $246,000. 92.65% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Wall Street Zen cut National Bank from a "hold" rating to a "sell" rating in a research note on Friday, May 2nd. Hovde Group dropped their target price 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. Finally, DA Davidson dropped their target price 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. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $46.00.

National Bank Stock Up 0.2%

Shares of NBHC traded up $0.07 during mid-day trading on Tuesday, hitting $39.70. 47,346 shares of the company's stock were exchanged, compared to its average volume of 226,746. The company has a market cap of $1.51 billion, a PE ratio of 13.68 and a beta of 0.77. National Bank Holdings Corporation has a 52 week low of $32.83 and a 52 week high of $51.76. The company has a 50-day simple moving average of $37.76 and a 200 day simple moving average of $38.98. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.93 and a quick ratio of 0.92.

National Bank (NYSE:NBHC - Get Free Report) last released its quarterly earnings data on Tuesday, April 22nd. The financial services provider reported $0.63 EPS for the quarter, missing the consensus estimate of $0.76 by ($0.13). The company had revenue of $102.07 million during the quarter, compared to analyst estimates of $107.47 million. National Bank had a net margin of 18.75% and a return on equity of 9.02%. During the same period in the previous year, the company posted $0.82 EPS. On average, research analysts forecast that National Bank Holdings Corporation will post 3.31 earnings per share for the current fiscal year.

National Bank Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 30th were issued a dividend of $0.30 per share. This is an increase from National Bank's previous quarterly dividend of $0.29. The ex-dividend date was Friday, May 30th. This represents a $1.20 annualized dividend and a yield of 3.02%. 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.