Segall Bryant & Hamill LLC Lowers Position in National Bank Holdings Corporation (NYSE:NBHC)

Segall Bryant & Hamill LLC lessened its stake 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 Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 891,437 shares of the financial services provider's stock after selling 18,093 shares during the quarter. Segall Bryant & Hamill LLC owned 2.34% of National Bank worth $34,115,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Charles Schwab Investment Management Inc. lifted its position in shares of National Bank by 0.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 357,049 shares of the financial services provider's stock worth $15,375,000 after purchasing an additional 1,562 shares in the last quarter. Amundi lifted its holdings in National Bank by 197.3% during the 4th quarter. Amundi now owns 19,278 shares of the financial services provider's stock worth $826,000 after buying an additional 12,793 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new position in National Bank in the 4th quarter valued at approximately $500,000. Swiss National Bank grew its stake in shares of 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 acquiring an additional 700 shares in the last quarter. Finally, Boston Partners increased its position 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 worth $17,366,000 after acquiring an additional 191,336 shares during the period. 92.65% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Hovde Group reduced their price target on National Bank from $43.00 to $39.00 and set a "market perform" rating on the stock in a research report on Thursday, April 24th. DA Davidson reduced their target price on shares of National Bank from $46.00 to $42.00 and set a "buy" rating on the stock in a report on Wednesday, April 23rd. Finally, Wall Street Zen downgraded shares of National Bank from a "hold" rating to a "sell" rating in a research note 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 given a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $46.00.

National Bank Stock Up 1.4%

National Bank stock traded up $0.55 during mid-day trading on Thursday, hitting $40.00. The company had a trading volume of 110,679 shares, compared to its average volume of 227,714. The company has a quick ratio of 0.92, a current ratio of 0.93 and a debt-to-equity ratio of 0.10. National Bank Holdings Corporation has a 1 year low of $32.83 and a 1 year high of $51.76. The business has a fifty day moving average of $37.62 and a 200 day moving average of $39.10. The stock has a market cap of $1.52 billion, a price-to-earnings ratio of 13.79 and a beta of 0.77.

National Bank (NYSE:NBHC - Get Free Report) last posted its earnings results on Tuesday, April 22nd. The financial services provider reported $0.63 EPS for the quarter, missing analysts' consensus estimates of $0.76 by ($0.13). National Bank had a net margin of 18.75% and a return on equity of 9.02%. The company had revenue of $102.07 million during the quarter, compared to analysts' expectations of $107.47 million. During the same period last year, the business earned $0.82 earnings per share. On average, sell-side 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 announced a quarterly dividend, which was paid on Friday, June 13th. Stockholders 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 dividend yield of 3.00%. This is a boost from National Bank's previous quarterly dividend of $0.29. National Bank's payout ratio is 41.38%.

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.