Wellington Management Group LLP Has $110.95 Million Stake in National Bank Holdings Corporation $NBHC

Key Points

• Wellington Management Group reduced its stake in National Bank Holdings Corporation by 1.5%, selling 43,790 shares to own approximately 7.61% of the company, valued at around $110.9 million.
• National Bank recently reported earnings of $0.88 per share, exceeding the analyst consensus of $0.82, although revenue of $104.48 million fell short of expectations.
• The firm announced a quarterly dividend of $-0.30, marking a decrease in annualized dividends to -$1.20, and currently has a payout ratio of 38.71%.

Wellington Management Group LLP lowered its stake in National Bank Holdings Corporation (NYSE:NBHC - Free Report) by 1.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,899,033 shares of the financial services provider's stock after selling 43,790 shares during the quarter. Wellington Management Group LLP owned approximately 7.61% of National Bank worth $110,946,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in NBHC. CWM LLC increased its stake in shares of National Bank by 158.4% in the first quarter. CWM LLC now owns 783 shares of the financial services provider's stock valued at $30,000 after buying an additional 480 shares during the period. Quarry LP raised its holdings in National Bank by 503.1% in the 4th quarter. Quarry LP now owns 971 shares of the financial services provider's stock valued at $42,000 after buying an additional 810 shares during the last quarter. Sterling Capital Management LLC raised its holdings in National Bank by 815.5% in the 4th quarter. Sterling Capital Management LLC now owns 1,181 shares of the financial services provider's stock valued at $51,000 after buying an additional 1,052 shares during the last quarter. Aquatic Capital Management LLC bought a new position in National Bank in the 4th quarter valued at approximately $174,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new position in National Bank in the 1st quarter valued at approximately $217,000. Institutional investors own 92.65% of the company's stock.

Wall Street Analyst Weigh In

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

National Bank Trading Up 0.7%

NYSE:NBHC traded up $0.27 on Wednesday, reaching $39.73. 191,684 shares of the stock traded hands, compared to its average volume of 351,936. The firm has a market capitalization of $1.51 billion, a price-to-earnings ratio of 12.82 and a beta of 0.77. The company's 50 day moving average is $38.37 and its 200-day moving average is $38.09. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.18. National Bank Holdings Corporation has a 1-year low of $32.83 and a 1-year high of $51.76.

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

National Bank Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, August 29th will be given a dividend of $-0.30 per share. This represents a ($1.20) dividend on an annualized basis and a yield of -3.0%. The ex-dividend date of this dividend is Friday, August 29th. National Bank's dividend payout ratio is currently 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.