Westwood Holdings Group Inc. cut its position in National Bank Holdings Co. (NYSE:NBHC - Free Report) by 1.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,114,486 shares of the financial services provider's stock after selling 12,860 shares during the period. Westwood Holdings Group Inc. owned about 2.93% of National Bank worth $47,990,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also recently modified their holdings of the company. Quarry LP raised 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 valued at $42,000 after purchasing an additional 810 shares during the period. Sterling Capital Management LLC boosted its position in shares of 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 acquiring an additional 1,052 shares during the last quarter. KBC Group NV grew its stake in National Bank by 82.5% during the fourth quarter. KBC Group NV now owns 2,389 shares of the financial services provider's stock valued at $103,000 after acquiring an additional 1,080 shares in the last quarter. Aquatic Capital Management LLC bought a new stake in National Bank in the 4th quarter valued at $174,000. Finally, Handelsbanken Fonder AB purchased a new stake in National Bank in the 4th quarter worth $224,000. 92.65% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
NBHC has been the topic of several recent research reports. DA Davidson decreased their price objective on National Bank from $46.00 to $42.00 and set a "buy" rating on the stock in a report on Wednesday, April 23rd. StockNews.com cut shares of National Bank from a "hold" rating to a "sell" rating in a research report on Friday, May 2nd. Finally, Hovde Group dropped their price target on National Bank from $43.00 to $39.00 and set a "market perform" rating for the company in a research report on Thursday, April 24th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $46.00.
View Our Latest Analysis on National Bank
National Bank Price Performance
National Bank stock opened at $38.23 on Monday. National Bank Holdings Co. has a 1 year low of $32.83 and a 1 year high of $51.76. The firm has a 50-day moving average of $36.88 and a two-hundred day moving average of $41.78. The stock has a market cap of $1.46 billion, a price-to-earnings ratio of 12.37 and a beta of 0.77. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.95 and a quick ratio of 0.94.
National Bank (NYSE:NBHC - Get Free Report) last released its quarterly earnings results on Tuesday, April 22nd. The financial services provider reported $0.63 EPS for the quarter, missing the consensus estimate of $0.76 by ($0.13). The firm had revenue of $102.07 million for the quarter, compared to analysts' expectations of $107.47 million. National Bank had a net margin of 19.82% and a return on equity of 9.76%. During the same period in the previous year, the company posted $0.82 earnings per share. On average, research analysts forecast that National Bank Holdings Co. will post 3.31 earnings per share for the current year.
National Bank Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 3.14%. The ex-dividend date of this dividend is Friday, May 30th. 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 Company Profile
(
Free Report)
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.
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