First Trust Advisors LP Grows Stake in National Bank Holdings Co. (NYSE:NBHC)

First Trust Advisors LP boosted its holdings in shares of National Bank Holdings Co. (NYSE:NBHC - Free Report) by 46.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 132,423 shares of the financial services provider's stock after acquiring an additional 41,986 shares during the quarter. First Trust Advisors LP owned approximately 0.35% of National Bank worth $5,702,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Assenagon Asset Management S.A. bought a new position in shares of National Bank during the 4th quarter worth approximately $1,790,000. Amundi grew its stake in shares of National Bank by 197.3% during the fourth quarter. Amundi now owns 19,278 shares of the financial services provider's stock worth $826,000 after purchasing an additional 12,793 shares during the period. Invesco Ltd. increased its stake in shares of National Bank by 36.8% in the 4th quarter. Invesco Ltd. now owns 231,403 shares of the financial services provider's stock valued at $9,964,000 after acquiring an additional 62,225 shares during the last quarter. Bank of Montreal Can raised its holdings in National Bank by 6.8% in the fourth quarter. Bank of Montreal Can now owns 7,098 shares of the financial services provider's stock worth $306,000 after purchasing an additional 455 shares during the period. Finally, Barclays PLC grew its stake in National Bank by 91.9% in the third quarter. Barclays PLC now owns 103,076 shares of the financial services provider's stock valued at $4,340,000 after acquiring an additional 49,359 shares during the period. Institutional investors own 92.65% of the company's stock.

National Bank Stock Up 0.8 %

Shares of NYSE:NBHC traded up $0.28 during trading on Monday, reaching $36.76. 126,320 shares of the stock were exchanged, compared to its average volume of 247,666. The firm has a market cap of $1.40 billion, a price-to-earnings ratio of 11.90 and a beta of 0.77. The stock has a fifty day moving average of $37.50 and a two-hundred day moving average of $42.25. 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 Holdings Co. has a 1-year low of $32.83 and a 1-year high of $51.76.

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). National Bank had a net margin of 19.82% and a return on equity of 9.76%. The business had revenue of $102.07 million during the quarter, compared to the consensus estimate of $107.47 million. During the same period in the previous year, the business posted $0.82 EPS. Research analysts anticipate that National Bank Holdings Co. will post 3.31 earnings per share for the current fiscal year.

National Bank Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be paid a $0.30 dividend. This is a positive change from National Bank's previous quarterly dividend of $0.29. The ex-dividend date of this dividend is Friday, May 30th. This represents a $1.20 annualized dividend and a dividend yield of 3.26%. National Bank's dividend payout ratio is presently 40.00%.

Analysts Set New Price Targets

Several research firms recently issued reports on NBHC. StockNews.com cut National Bank from a "hold" rating to a "sell" rating in a research report on Friday. Hovde Group cut their price objective 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. Finally, DA Davidson decreased their target price on shares of National Bank from $46.00 to $42.00 and set a "buy" rating on the stock in a report 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 assigned a buy rating to the stock. According to MarketBeat, National Bank presently has a consensus rating of "Hold" and a consensus 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.