Westwood Holdings Group Inc. Sells 12,860 Shares of National Bank Holdings Co. (NYSE:NBHC)

Westwood Holdings Group Inc. decreased its position in National Bank Holdings Co. (NYSE:NBHC - Free Report) by 1.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,114,486 shares of the financial services provider's stock after selling 12,860 shares during the quarter. Westwood Holdings Group Inc. owned 2.93% of National Bank worth $47,990,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Quarry LP lifted its position in National Bank by 503.1% in the fourth 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 last quarter. Sterling Capital Management LLC lifted its position in National Bank by 815.5% in the fourth quarter. Sterling Capital Management LLC now owns 1,181 shares of the financial services provider's stock valued at $51,000 after purchasing an additional 1,052 shares during the last quarter. KBC Group NV lifted its position in National Bank by 82.5% in the fourth quarter. KBC Group NV now owns 2,389 shares of the financial services provider's stock valued at $103,000 after purchasing an additional 1,080 shares during the last quarter. Aquatic Capital Management LLC bought a new stake in National Bank in the fourth quarter valued at approximately $174,000. Finally, Handelsbanken Fonder AB bought a new stake in National Bank in the fourth quarter valued at approximately $224,000. Institutional investors own 92.65% of the company's stock.

National Bank Stock Down 0.2%

NBHC traded down $0.07 during trading on Friday, reaching $36.52. The stock had a trading volume of 218,675 shares, compared to its average volume of 232,222. The stock's 50 day moving average is $36.76 and its two-hundred day moving average is $41.60. The company has a current ratio of 0.95, a quick ratio of 0.94 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $1.39 billion, a price-to-earnings ratio of 11.82 and a beta of 0.77. National Bank Holdings Co. has a one year low of $32.83 and a one year high of $51.76.

National Bank (NYSE:NBHC - Get Free Report) last posted its quarterly earnings data 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). The firm had revenue of $102.07 million during the quarter, compared to the consensus estimate of $107.47 million. National Bank had a return on equity of 9.76% and a net margin of 19.82%. During the same quarter last year, the company posted $0.82 EPS. As a group, analysts expect that National Bank Holdings Co. will post 3.31 earnings per share for the current year.

National Bank Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be issued a $0.30 dividend. This is an increase from National Bank's previous quarterly dividend of $0.29. The ex-dividend date is Friday, May 30th. This represents a $1.20 dividend on an annualized basis and a yield of 3.29%. National Bank's dividend payout ratio is 41.38%.

Analysts Set New Price Targets

Several brokerages have weighed in on NBHC. Hovde Group lowered their price objective 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. DA Davidson lowered their price objective on National Bank from $46.00 to $42.00 and set a "buy" rating for the company in a research report on Wednesday, April 23rd. Finally, Wall Street Zen downgraded National Bank from a "hold" rating to a "sell" rating in a research report on Friday, May 2nd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $46.00.

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.