Hsbc Holdings PLC Has $814,000 Stake in National Bank Holdings Co. (NYSE:NBHC)

Hsbc Holdings PLC lessened its holdings in shares of National Bank Holdings Co. (NYSE:NBHC - Free Report) by 27.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,935 shares of the financial services provider's stock after selling 7,197 shares during the quarter. Hsbc Holdings PLC's holdings in National Bank were worth $814,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Principal Financial Group Inc. lifted its position in National Bank by 36.1% in the 3rd quarter. Principal Financial Group Inc. now owns 786,096 shares of the financial services provider's stock worth $33,095,000 after buying an additional 208,303 shares in the last quarter. Boston Partners boosted its position in National Bank by 90.3% during the fourth quarter. Boston Partners now owns 403,255 shares of the financial services provider's stock valued at $17,366,000 after purchasing an additional 191,336 shares during the last quarter. JPMorgan Chase & Co. grew its stake in National Bank by 74.7% in the fourth quarter. JPMorgan Chase & Co. now owns 331,546 shares of the financial services provider's stock valued at $14,276,000 after purchasing an additional 141,716 shares in the last quarter. Invesco Ltd. increased its position in National Bank by 36.8% in the 4th quarter. Invesco Ltd. now owns 231,403 shares of the financial services provider's stock worth $9,964,000 after purchasing an additional 62,225 shares during the last quarter. Finally, Barclays PLC raised its stake in shares of National Bank by 91.9% during the 3rd quarter. Barclays PLC now owns 103,076 shares of the financial services provider's stock worth $4,340,000 after purchasing an additional 49,359 shares in the last quarter. Hedge funds and other institutional investors own 92.65% of the company's stock.

National Bank Stock Performance

NBHC stock traded down $0.17 during midday trading on Friday, hitting $36.96. The stock had a trading volume of 243,426 shares, compared to its average volume of 234,757. National Bank Holdings Co. has a 52 week low of $32.83 and a 52 week high of $51.76. The firm has a market capitalization of $1.41 billion, a price-to-earnings ratio of 11.96 and a beta of 0.77. 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 stock has a 50-day simple moving average of $37.02 and a 200 day simple moving average of $42.03.

National Bank (NYSE:NBHC - Get Free Report) last released its quarterly earnings data on Tuesday, April 22nd. The financial services provider reported $0.63 earnings per share for the quarter, missing analysts' consensus estimates of $0.76 by ($0.13). National Bank had a net margin of 19.82% and a return on equity of 9.76%. The company had revenue of $102.07 million for the quarter, compared to analyst estimates of $107.47 million. During the same period in the previous year, the firm posted $0.82 earnings per share. As a group, equities research analysts anticipate that National Bank Holdings Co. will post 3.31 earnings per share for the current year.

National Bank Increases Dividend

The business 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 dividend of $0.30 per share. The ex-dividend date is Friday, May 30th. This is a boost from National Bank's previous quarterly dividend of $0.29. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.25%. National Bank's dividend payout ratio (DPR) is presently 41.38%.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. StockNews.com lowered shares of National Bank from a "hold" rating to a "sell" rating in a research note on Friday, May 2nd. DA Davidson cut 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, Hovde Group lowered their target price on National Bank from $43.00 to $39.00 and set a "market perform" rating on the stock in a report on Thursday, April 24th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $46.00.

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.