Rosenthal Henry Capital Advisors Inc. Acquires 11,000 Shares of National Bank Holdings Corporation (NYSE:NBHC)

Rosenthal Henry Capital Advisors Inc. increased its position in National Bank Holdings Corporation (NYSE:NBHC - Free Report) by 48.3% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,775 shares of the financial services provider's stock after purchasing an additional 11,000 shares during the period. Rosenthal Henry Capital Advisors Inc. owned approximately 0.09% of National Bank worth $1,293,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Bank of Montreal Can boosted its stake in National Bank by 6.8% in the 4th quarter. Bank of Montreal Can now owns 7,098 shares of the financial services provider's stock worth $306,000 after purchasing an additional 455 shares during the period. Swiss National Bank lifted its position in National Bank by 0.9% in the fourth quarter. Swiss National Bank now owns 74,500 shares of the financial services provider's stock worth $3,208,000 after buying an additional 700 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of National Bank by 3.5% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,987 shares of the financial services provider's stock worth $904,000 after purchasing an additional 715 shares during the last quarter. Quarry LP increased its stake in shares of National Bank by 503.1% during the fourth quarter. Quarry LP now owns 971 shares of the financial services provider's stock valued at $42,000 after buying an additional 810 shares during the period. Finally, Sterling Capital Management LLC lifted its position in shares of National Bank by 815.5% during the fourth quarter. Sterling Capital Management LLC now owns 1,181 shares of the financial services provider's stock valued at $51,000 after buying an additional 1,052 shares during the last quarter. Institutional investors own 92.65% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. DA Davidson dropped their target price on National Bank from $46.00 to $42.00 and set a "buy" rating on the stock in a research report on Wednesday, April 23rd. Wall Street Zen cut National Bank from a "hold" rating to a "sell" rating in a report on Friday, May 2nd. Finally, Hovde Group dropped their target price on National Bank from $43.00 to $39.00 and set a "market perform" rating for the company in a report on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $46.00.

National Bank Price Performance

NBHC opened at $39.63 on Tuesday. The company has a current ratio of 0.93, a quick ratio of 0.92 and a debt-to-equity ratio of 0.10. The firm has a market cap of $1.51 billion, a price-to-earnings ratio of 13.60 and a beta of 0.77. The stock's 50-day moving average price is $37.14 and its 200 day moving average price is $39.21. National Bank Holdings Corporation has a 12-month low of $32.83 and a 12-month high of $51.76.

National Bank (NYSE:NBHC - Get Free Report) last issued its earnings results 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 business had revenue of $102.07 million for the quarter, compared to analyst estimates of $107.47 million. National Bank had a return on equity of 9.02% and a net margin of 18.75%. During the same period last year, the business posted $0.82 EPS. As a group, sell-side analysts expect that National Bank Holdings Corporation will post 3.31 earnings per share for the current year.

National Bank Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 30th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 3.03%. The ex-dividend date of this dividend was Friday, May 30th. This is an increase from National Bank's previous quarterly dividend of $0.29. 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.

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