Public Sector Pension Investment Board Boosts Stock Holdings in National Bank Holdings Corporation $NBHC

Public Sector Pension Investment Board grew its stake in National Bank Holdings Corporation (NYSE:NBHC - Free Report) by 27.4% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 120,643 shares of the financial services provider's stock after purchasing an additional 25,931 shares during the period. Public Sector Pension Investment Board owned about 0.32% of National Bank worth $4,617,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. Nuveen LLC acquired a new stake in shares of National Bank in the 1st quarter valued at approximately $21,123,000. Aigen Investment Management LP acquired a new stake in National Bank during the 1st quarter worth approximately $326,000. Entropy Technologies LP acquired a new stake in National Bank during the 1st quarter worth approximately $313,000. Connor Clark & Lunn Investment Management Ltd. boosted its position in National Bank by 22.9% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 14,274 shares of the financial services provider's stock worth $546,000 after buying an additional 2,657 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in National Bank by 2.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 366,070 shares of the financial services provider's stock worth $14,009,000 after buying an additional 9,021 shares during the period. 92.65% of the stock is currently owned by institutional investors and hedge funds.

National Bank Stock Up 3.7%

NBHC stock traded up $1.3950 during midday trading on Friday, reaching $39.0850. 124,179 shares of the company's stock traded hands, compared to its average volume of 254,970. The company has a market cap of $1.49 billion, a price-to-earnings ratio of 12.59 and a beta of 0.77. The firm's fifty day moving average price is $38.08 and its 200-day moving average price is $38.21. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.18. National Bank Holdings Corporation has a 52 week low of $32.83 and a 52 week high of $51.76.

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

National Bank Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, August 29th will be issued a dividend of $-0.30 per share. This represents a ($1.20) dividend on an annualized basis and a yield of -3.1%. The ex-dividend date of this dividend is Friday, August 29th. National Bank's payout ratio is currently 38.71%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Wall Street Zen upgraded shares of National Bank from a "strong sell" rating to a "hold" rating in a research report on Saturday, July 26th. Hovde Group lifted their price objective on shares of National Bank from $39.00 to $42.00 and gave the company a "market perform" rating in a research note on Thursday, July 24th. Finally, DA Davidson lifted their price objective on shares of National Bank from $42.00 to $45.00 and gave the company a "buy" rating in a research note on Thursday, July 24th. One investment analyst has rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $47.20.

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.