SG Americas Securities LLC Makes New Investment in National Bank Holdings Corporation (NYSE:NBHC)

SG Americas Securities LLC purchased a new stake in National Bank Holdings Corporation (NYSE:NBHC - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 7,539 shares of the financial services provider's stock, valued at approximately $289,000.

A number of other hedge funds also recently modified their holdings of NBHC. Quarry LP increased its position 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 purchasing an additional 810 shares during the period. Sterling Capital Management LLC boosted its stake in 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 worth $51,000 after buying an additional 1,052 shares in the last quarter. Aquatic Capital Management LLC bought a new stake in National Bank in the 4th quarter valued at $174,000. Handelsbanken Fonder AB acquired a new position in shares of National Bank in the 4th quarter valued at $224,000. Finally, Wealth Enhancement Advisory Services LLC acquired a new position in shares of National Bank in the 4th quarter valued at $230,000. Institutional investors own 92.65% of the company's stock.

Analyst Ratings Changes

Several analysts have recently weighed in on NBHC shares. DA Davidson decreased their target price on shares of National Bank from $46.00 to $42.00 and set a "buy" rating on the stock in a research report on Wednesday, April 23rd. Hovde Group decreased their price objective 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. Finally, Wall Street Zen lowered National Bank from a "hold" rating to a "sell" rating in a research note on Friday, May 2nd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $46.00.

National Bank Price Performance

Shares of NBHC traded up $0.13 during trading hours on Monday, hitting $37.62. The stock had a trading volume of 266,346 shares, compared to its average volume of 226,118. The stock has a market capitalization of $1.43 billion, a price-to-earnings ratio of 12.97 and a beta of 0.77. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.93 and a quick ratio of 0.92. The company's fifty day moving average is $36.73 and its two-hundred day moving average is $39.38. 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 issued its quarterly earnings data 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). National Bank had a return on equity of 9.02% and a net margin of 18.75%. The firm had revenue of $102.07 million for the quarter, compared to the consensus estimate of $107.47 million. During the same period in the prior year, the company posted $0.82 earnings per share. On average, analysts anticipate that National Bank Holdings Corporation will post 3.31 EPS for the current year.

National Bank Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 30th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, May 30th. This represents a $1.20 dividend on an annualized basis and a yield of 3.19%. This is a positive change from National Bank's previous quarterly dividend of $0.29. National Bank's dividend payout ratio is currently 41.38%.

National Bank 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.