Segall Bryant & Hamill LLC Sells 18,093 Shares of National Bank Holdings Corporation (NYSE:NBHC)

Segall Bryant & Hamill LLC reduced its position in shares of National Bank Holdings Corporation (NYSE:NBHC - Free Report) by 2.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 891,437 shares of the financial services provider's stock after selling 18,093 shares during the period. Segall Bryant & Hamill LLC owned approximately 2.34% of National Bank worth $34,115,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in NBHC. Boston Partners increased its stake in National Bank by 90.3% during the 4th quarter. Boston Partners now owns 403,255 shares of the financial services provider's stock worth $17,366,000 after acquiring an additional 191,336 shares during the period. JPMorgan Chase & Co. increased its stake 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 worth $14,276,000 after acquiring an additional 141,716 shares during the period. Victory Capital Management Inc. increased its stake in National Bank by 2.6% during the 1st quarter. Victory Capital Management Inc. now owns 2,851,786 shares of the financial services provider's stock worth $109,138,000 after acquiring an additional 72,805 shares during the period. Tudor Investment Corp ET AL increased its stake in National Bank by 1,207.4% during the 4th quarter. Tudor Investment Corp ET AL now owns 70,076 shares of the financial services provider's stock worth $3,017,000 after acquiring an additional 64,716 shares during the period. Finally, Invesco Ltd. increased its stake in National Bank by 36.8% during the 4th quarter. Invesco Ltd. now owns 231,403 shares of the financial services provider's stock worth $9,964,000 after acquiring an additional 62,225 shares during the period. 92.65% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. DA Davidson lowered their price objective 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. Hovde Group decreased their price target on National Bank from $43.00 to $39.00 and set a "market perform" rating on the stock in a research note on Thursday, April 24th. Finally, Wall Street Zen lowered National Bank from a "hold" rating to a "sell" rating in a research note on Friday, May 2nd. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $46.00.

National Bank Price Performance

Shares of NBHC traded down $0.31 during midday trading on Friday, hitting $39.74. The company's stock had a trading volume of 205,779 shares, compared to its average volume of 227,731. National Bank Holdings Corporation has a one year low of $32.83 and a one year high of $51.76. The company's fifty day simple moving average is $37.73 and its two-hundred day simple moving average is $39.02. The company has a quick ratio of 0.92, a current ratio of 0.93 and a debt-to-equity ratio of 0.10. The stock has a market capitalization of $1.51 billion, a price-to-earnings ratio of 13.70 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 analysts' consensus estimates of $0.76 by ($0.13). The firm had revenue of $102.07 million for the quarter, compared to the consensus estimate 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 earned $0.82 EPS. As a group, equities analysts expect that National Bank Holdings Corporation will post 3.31 earnings per share for the current fiscal year.

National Bank Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 30th were given a dividend of $0.30 per share. The ex-dividend date was Friday, May 30th. This represents a $1.20 dividend on an annualized basis and a yield of 3.02%. This is a positive change from National Bank's previous quarterly dividend of $0.29. National Bank's payout ratio 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.