Victory Capital Management Inc. Buys 72,805 Shares of National Bank Holdings Corporation (NYSE:NBHC)

Victory Capital Management Inc. lifted its position in National Bank Holdings Corporation (NYSE:NBHC - Free Report) by 2.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,851,786 shares of the financial services provider's stock after acquiring an additional 72,805 shares during the period. Victory Capital Management Inc. owned approximately 7.49% of National Bank worth $109,138,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. CWM LLC increased its stake in National Bank by 158.4% during the 1st quarter. CWM LLC now owns 783 shares of the financial services provider's stock worth $30,000 after purchasing an additional 480 shares in the last quarter. Quarry LP increased its stake in National Bank by 503.1% during the 4th quarter. Quarry LP now owns 971 shares of the financial services provider's stock worth $42,000 after purchasing an additional 810 shares in the last quarter. Sterling Capital Management LLC grew its stake 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. Aquatic Capital Management LLC bought a new position in shares of National Bank during the 4th quarter worth approximately $174,000. Finally, Wealth Enhancement Advisory Services LLC bought a new position in shares of National Bank during the 4th quarter worth approximately $230,000. 92.65% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

NBHC has been the subject of several analyst reports. Wall Street Zen cut shares of National Bank from a "hold" rating to a "sell" rating in a research note on Friday, May 2nd. Hovde Group decreased their target price on shares of National Bank from $43.00 to $39.00 and set a "market perform" rating for the company in a research note on Thursday, April 24th. Finally, DA Davidson decreased their target price on shares of National Bank from $46.00 to $42.00 and set a "buy" rating for the company in a research note on Wednesday, April 23rd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $46.00.

National Bank Price Performance

NBHC stock traded down $0.31 during midday trading on Friday, reaching $39.74. The company had a trading volume of 205,779 shares, compared to its average volume of 227,761. The company has a market capitalization of $1.51 billion, a price-to-earnings ratio of 13.70 and a beta of 0.77. The stock has a 50 day moving average price of $37.73 and a 200-day moving average price of $39.02. National Bank Holdings Corporation has a 1-year low of $32.83 and a 1-year high of $51.76. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.93 and a quick ratio of 0.92.

National Bank (NYSE:NBHC - Get Free Report) last released its earnings results on Tuesday, April 22nd. The financial services provider reported $0.63 earnings per share (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 business had revenue of $102.07 million during the quarter, compared to the consensus estimate of $107.47 million. During the same quarter in the prior year, the firm earned $0.82 EPS. Equities research 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. Stockholders of record on Friday, May 30th were issued a dividend of $0.30 per share. This is a boost from National Bank's previous quarterly dividend of $0.29. This represents a $1.20 annualized dividend and a dividend yield of 3.02%. The ex-dividend date of this dividend was Friday, May 30th. 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.