Vanguard Group Inc. Has $160.54 Million Stake in National Bank Holdings Corporation $NBHC

Key Points

• Vanguard Group Inc. reduced its stake in National Bank Holdings Corporation by 0.8%, now owning approximately 4.19 million shares, valued at $160.54 million.
• Several hedge funds increased their holdings in National Bank, with Westwood Holdings Group growing by 30.1% in the first quarter, now owning 1.45 million shares.
• National Bank's recent quarterly earnings beat expectations with $0.88 earnings per share, despite a decline in revenue compared to forecasts, and the company is set to pay a quarterly dividend of $-0.30 per share.

Vanguard Group Inc. decreased its holdings in National Bank Holdings Corporation (NYSE:NBHC - Free Report) by 0.8% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,194,902 shares of the financial services provider's stock after selling 35,482 shares during the quarter. Vanguard Group Inc. owned about 11.02% of National Bank worth $160,539,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Wells Fargo & Company MN lifted its position in shares of National Bank by 27.1% during the 4th quarter. Wells Fargo & Company MN now owns 22,121 shares of the financial services provider's stock valued at $953,000 after buying an additional 4,719 shares in the last quarter. Bank of Montreal Can raised its holdings in shares of National Bank by 6.8% during the 4th quarter. Bank of Montreal Can now owns 7,098 shares of the financial services provider's stock worth $306,000 after acquiring an additional 455 shares in the last quarter. Invesco Ltd. raised its holdings in shares of 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 in the last quarter. Sterling Capital Management LLC raised its holdings in shares of National Bank by 815.5% during the 4th quarter. Sterling Capital Management LLC now owns 1,181 shares of the financial services provider's stock worth $51,000 after acquiring an additional 1,052 shares in the last quarter. Finally, First Trust Advisors LP increased its position in shares of National Bank by 46.4% during the 4th quarter. First Trust Advisors LP now owns 132,423 shares of the financial services provider's stock valued at $5,702,000 after purchasing an additional 41,986 shares during the last quarter. Hedge funds and other institutional investors own 92.65% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on NBHC shares. Hovde Group upped their price objective on National Bank from $39.00 to $42.00 and gave the stock a "market perform" rating in a research note on Thursday, July 24th. DA Davidson raised their price objective on National Bank from $42.00 to $45.00 and gave the company a "buy" rating in a report on Thursday, July 24th. Finally, Wall Street Zen upgraded National Bank from a "strong sell" rating to a "hold" rating in a research report on Saturday, July 26th. One equities research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $47.20.

National Bank Price Performance

NYSE:NBHC traded up $0.0020 during trading hours on Monday, reaching $39.3120. 50,429 shares of the company traded hands, compared to its average volume of 255,331. National Bank Holdings Corporation has a 1-year low of $32.83 and a 1-year high of $51.76. The stock has a market cap of $1.50 billion, a P/E ratio of 12.68 and a beta of 0.77. The firm's 50-day moving average is $38.15 and its 200-day moving average is $38.10. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.93 and a quick ratio of 0.93.

National Bank (NYSE:NBHC - Get Free Report) last issued its earnings results on Tuesday, July 22nd. The financial services provider reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.06. The business had revenue of $104.48 million for the quarter, compared to analyst estimates of $110.36 million. National Bank had a return on equity of 9.44% and a net margin of 20.02%.The business's quarterly revenue was up 7.0% on a year-over-year basis. During the same period last year, the company posted $0.68 EPS. Equities research analysts expect that National Bank Holdings Corporation will post 3.31 earnings per share for the current fiscal year.

National Bank Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, August 29th 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 -3.1%. The ex-dividend date of this dividend is Friday, August 29th. National Bank's payout ratio is 38.71%.

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.