National Bank Holdings Corporation (NYSE:NBHC) Stake Raised by Victory Capital Management Inc.

Victory Capital Management Inc. lifted its stake in shares of National Bank Holdings Corporation (NYSE:NBHC - Free Report) by 2.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,851,786 shares of the financial services provider's stock after buying an additional 72,805 shares during the quarter. Victory Capital Management Inc. owned about 7.49% of National Bank worth $109,138,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of National Bank by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 4,230,384 shares of the financial services provider's stock worth $182,160,000 after buying an additional 35,910 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of National Bank by 1.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,089,730 shares of the financial services provider's stock worth $89,984,000 after buying an additional 32,983 shares in the last quarter. Northern Trust Corp lifted its stake in shares of National Bank by 7.3% in the fourth quarter. Northern Trust Corp now owns 440,106 shares of the financial services provider's stock worth $18,951,000 after buying an additional 29,823 shares in the last quarter. Boston Partners raised its holdings 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 valued at $17,366,000 after purchasing an additional 191,336 shares during the last quarter. Finally, Leeward Investments LLC MA raised its holdings in shares of National Bank by 12.0% during the first quarter. Leeward Investments LLC MA now owns 390,439 shares of the financial services provider's stock valued at $14,942,000 after purchasing an additional 41,828 shares during the last quarter. Institutional investors own 92.65% of the company's stock.

National Bank Price Performance

NBHC stock traded down $0.31 during trading on Friday, hitting $39.74. 205,779 shares of the company's stock traded hands, compared to its average volume of 227,761. National Bank Holdings Corporation has a 52 week low of $32.83 and a 52 week high of $51.76. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.92 and a current ratio of 0.93. The business has a fifty day simple moving average of $37.73 and a 200 day simple moving average of $39.00. 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 announced its quarterly earnings results 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). The business had revenue of $102.07 million during the quarter, compared to analysts' expectations of $107.47 million. National Bank had a return on equity of 9.02% and a net margin of 18.75%. During the same period in the previous year, the company posted $0.82 EPS. As a group, research analysts expect that National Bank Holdings Corporation will post 3.31 EPS for the current fiscal year.

National Bank Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 30th were paid a $0.30 dividend. This is a positive change from National Bank's previous quarterly dividend of $0.29. This represents a $1.20 annualized dividend and a yield of 3.02%. The ex-dividend date of this dividend was Friday, May 30th. National Bank's dividend payout ratio is currently 41.38%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on NBHC shares. Wall Street Zen cut shares of National Bank from a "hold" rating to a "sell" rating in a report on Friday, May 2nd. DA Davidson reduced their target price on shares of National Bank from $46.00 to $42.00 and set a "buy" rating for the company in a report on Wednesday, April 23rd. Finally, Hovde Group reduced 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 report on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $46.00.

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.