National Bank Holdings Co. (NYSE:NBHC) Shares Acquired by Franklin Resources Inc.

Franklin Resources Inc. lifted its stake in shares of National Bank Holdings Co. (NYSE:NBHC - Free Report) by 216.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 33,945 shares of the financial services provider's stock after buying an additional 23,230 shares during the period. Franklin Resources Inc. owned about 0.09% of National Bank worth $1,462,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. KBC Group NV lifted its stake in shares of National Bank by 82.5% during the 4th quarter. KBC Group NV now owns 2,389 shares of the financial services provider's stock valued at $103,000 after buying an additional 1,080 shares in the last quarter. Handelsbanken Fonder AB purchased a new stake in shares of National Bank in the 4th quarter valued at $224,000. Meeder Asset Management Inc. boosted its holdings in National Bank by 390.5% during the 4th quarter. Meeder Asset Management Inc. now owns 6,509 shares of the financial services provider's stock valued at $280,000 after acquiring an additional 5,182 shares during the period. FMR LLC grew its holdings in shares of National Bank by 359.7% in the third quarter. FMR LLC now owns 7,627 shares of the financial services provider's stock worth $321,000 after purchasing an additional 5,968 shares during the last quarter. Finally, KLP Kapitalforvaltning AS bought a new stake in National Bank in the 4th quarter worth $362,000. Institutional investors own 92.65% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on NBHC shares. Hovde Group decreased their price target on shares of National Bank from $48.00 to $43.00 and set a "market perform" rating for the company in a research note on Wednesday, April 2nd. StockNews.com raised shares of National Bank from a "sell" rating to a "hold" rating in a research report on Friday, April 11th. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, National Bank has an average rating of "Hold" and a consensus target price of $49.00.

National Bank Stock Up 0.7 %

NYSE NBHC traded up $0.23 during trading on Friday, hitting $35.48. The company's stock had a trading volume of 216,279 shares, compared to its average volume of 224,368. The company has a market cap of $1.35 billion, a PE ratio of 11.48 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. The business's 50 day simple moving average is $38.84 and its 200-day simple moving average is $42.67. National Bank Holdings Co. has a fifty-two week low of $32.69 and a fifty-two week high of $51.76.

National Bank (NYSE:NBHC - Get Free Report) last announced its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.07. National Bank had a return on equity of 9.76% and a net margin of 19.82%. On average, equities analysts anticipate that National Bank Holdings Co. will post 3.31 EPS for the current fiscal year.

National Bank Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 3.27%. The ex-dividend date of this dividend was Friday, February 28th. National Bank's dividend payout ratio is currently 37.54%.

National Bank 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.