Rafferty Asset Management LLC Sells 14,597 Shares of National Bank Holdings Co. (NYSE:NBHC)

Rafferty Asset Management LLC cut its holdings in National Bank Holdings Co. (NYSE:NBHC - Free Report) by 26.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 40,230 shares of the financial services provider's stock after selling 14,597 shares during the quarter. Rafferty Asset Management LLC owned approximately 0.11% of National Bank worth $1,732,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in NBHC. Vanguard Group Inc. lifted its holdings in National Bank by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 4,230,384 shares of the financial services provider's stock worth $182,160,000 after buying an additional 35,910 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of National Bank by 1.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,089,730 shares of the financial services provider's stock worth $89,984,000 after acquiring an additional 32,983 shares during the last quarter. Northern Trust Corp lifted its stake in shares of National Bank by 7.3% during the fourth quarter. Northern Trust Corp now owns 440,106 shares of the financial services provider's stock valued at $18,951,000 after acquiring an additional 29,823 shares during the period. Boston Partners lifted its stake in shares of 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 period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in National Bank by 0.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 357,049 shares of the financial services provider's stock valued at $15,375,000 after acquiring an additional 1,562 shares during the last quarter. 92.65% of the stock is currently owned by institutional investors and hedge funds.

National Bank Trading Down 0.2%

Shares of NBHC traded down $0.07 during trading hours on Monday, reaching $36.52. The stock had a trading volume of 218,675 shares, compared to its average volume of 232,390. The company has a market cap of $1.39 billion, a P/E ratio of 11.82 and a beta of 0.77. National Bank Holdings Co. has a 52 week low of $32.83 and a 52 week high of $51.76. 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 firm has a 50-day moving average of $36.70 and a 200 day moving average of $41.42.

National Bank (NYSE:NBHC - Get Free Report) last announced its quarterly earnings results on Tuesday, April 22nd. The financial services provider reported $0.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.76 by ($0.13). National Bank had a return on equity of 9.76% and a net margin of 19.82%. The business had revenue of $102.07 million during the quarter, compared to the consensus estimate of $107.47 million. During the same quarter last year, the company earned $0.82 earnings per share. On average, sell-side analysts expect that National Bank Holdings Co. will post 3.31 earnings per share 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. Investors of record on Friday, May 30th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.29%. This is a positive change from National Bank's previous quarterly dividend of $0.29. The ex-dividend date is Friday, May 30th. National Bank's dividend payout ratio (DPR) is presently 41.38%.

Analysts Set New Price Targets

Several analysts have commented on NBHC shares. Wall Street Zen cut shares of National Bank from a "hold" rating to a "sell" rating in a research report on Friday, May 2nd. DA Davidson cut their target price on National Bank from $46.00 to $42.00 and set a "buy" rating on the stock in a research note on Wednesday, April 23rd. Finally, Hovde Group reduced their target price on National Bank from $43.00 to $39.00 and set a "market perform" rating on the stock in a report on Thursday, April 24th. One research 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. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $46.00.

National Bank Company 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.