Hsbc Holdings PLC reduced its stake in shares of National Bank Holdings Co. (NYSE:NBHC - Free Report) by 27.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 18,935 shares of the financial services provider's stock after selling 7,197 shares during the period. Hsbc Holdings PLC's holdings in National Bank were worth $814,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also made changes to their positions in NBHC. Assenagon Asset Management S.A. purchased a new stake in National Bank during the fourth quarter worth $1,790,000. Amundi boosted its position in shares of National Bank by 197.3% in the 4th quarter. Amundi now owns 19,278 shares of the financial services provider's stock worth $826,000 after buying an additional 12,793 shares in the last quarter. Invesco Ltd. increased its holdings in National Bank by 36.8% during 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 in the last quarter. Bank of Montreal Can raised its position in National Bank by 6.8% during the fourth quarter. Bank of Montreal Can now owns 7,098 shares of the financial services provider's stock worth $306,000 after acquiring an additional 455 shares during the last quarter. Finally, Barclays PLC lifted its holdings in shares of 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 purchasing an additional 49,359 shares in the last quarter. 92.65% of the stock is owned by institutional investors and hedge funds.
National Bank Trading Up 0.8 %
Shares of National Bank stock opened at $36.51 on Monday. National Bank Holdings Co. has a fifty-two week low of $32.83 and a fifty-two week high of $51.76. The business's fifty day moving average is $37.50 and its two-hundred day moving average is $42.25. The company has a quick ratio of 0.94, a current ratio of 0.95 and a debt-to-equity ratio of 0.08. The firm has a market cap of $1.39 billion, a PE ratio of 11.82 and a beta of 0.77.
National Bank (NYSE:NBHC - Get Free Report) last released its 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). The business had revenue of $102.07 million for the quarter, compared to analysts' expectations 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 earnings per share. 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 announced a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 3.29%. This is an increase from National Bank's previous quarterly dividend of $0.29. The ex-dividend date is Friday, May 30th. National Bank's payout ratio is presently 40.00%.
Analyst Ratings Changes
Several research analysts recently issued reports on the company. StockNews.com downgraded National Bank from a "hold" rating to a "sell" rating in a research report on Friday. Hovde Group cut their price target on 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 price objective on National Bank from $46.00 to $42.00 and set a "buy" rating on the stock in a research note on Wednesday, April 23rd. 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.com, National Bank presently has a consensus rating of "Hold" and a consensus target price of $46.00.
Get Our Latest Stock Report on National Bank
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.
Further Reading
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