National Bank Holdings Corporation (NYSE:NBHC) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. lessened its holdings in National Bank Holdings Corporation (NYSE:NBHC - Free Report) by 2.9% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 729,747 shares of the financial services provider's stock after selling 21,623 shares during the period. Principal Financial Group Inc. owned approximately 1.92% of National Bank worth $27,927,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of NBHC. Boston Partners increased its position in National Bank by 90.3% during the fourth quarter. Boston Partners now owns 403,255 shares of the financial services provider's stock valued at $17,366,000 after acquiring an additional 191,336 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings 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 buying an additional 141,716 shares in the last quarter. Tudor Investment Corp ET AL boosted its position in National Bank by 1,207.4% in 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 buying an additional 64,716 shares during the period. Invesco Ltd. boosted its position in National Bank by 36.8% in the 4th 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 boosted its position in National Bank by 46.4% in the 4th 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. Institutional investors own 92.65% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on NBHC shares. 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. 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, Wall Street Zen cut shares of National Bank from a "hold" rating to a "sell" rating in a research report on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $46.00.

National Bank Stock Down 1.3%

Shares of NYSE NBHC traded down $0.50 during midday trading on Wednesday, hitting $39.38. The company's stock had a trading volume of 429,969 shares, compared to its average volume of 237,640. National Bank Holdings Corporation has a 1 year low of $32.83 and a 1 year high of $51.76. The business's fifty day simple moving average is $37.20 and its two-hundred day simple moving average is $39.22. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.93 and a quick ratio of 0.92. The firm has a market capitalization of $1.50 billion, a price-to-earnings ratio of 13.58 and a beta of 0.77.

National Bank (NYSE:NBHC - Get Free Report) last issued 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). The company had revenue of $102.07 million for the quarter, compared to analysts' expectations of $107.47 million. National Bank had a return on equity of 9.02% and a net margin of 18.75%. During the same quarter in the prior year, the firm posted $0.82 EPS. On average, equities analysts predict that National Bank Holdings Corporation will post 3.31 EPS for the current year.

National Bank Increases Dividend

The business also recently declared 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 is a boost from National Bank's previous quarterly dividend of $0.29. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.05%. National Bank's dividend payout ratio is 41.38%.

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.