Keeley Teton Advisors LLC Has $874,000 Stock Position in National Bank Holdings Co. (NYSE:NBHC)

Keeley Teton Advisors LLC lowered its stake in shares of National Bank Holdings Co. (NYSE:NBHC - Free Report) by 56.8% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 20,300 shares of the financial services provider's stock after selling 26,693 shares during the period. Keeley Teton Advisors LLC owned approximately 0.05% of National Bank worth $874,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Sterling Capital Management LLC lifted its position in shares of National Bank by 815.5% in the 4th quarter. Sterling Capital Management LLC now owns 1,181 shares of the financial services provider's stock worth $51,000 after acquiring an additional 1,052 shares during the period. KBC Group NV boosted its stake in National Bank by 82.5% during the fourth quarter. KBC Group NV now owns 2,389 shares of the financial services provider's stock worth $103,000 after buying an additional 1,080 shares in the last quarter. Handelsbanken Fonder AB bought a new stake in National Bank in the 4th quarter valued at $224,000. Meeder Asset Management Inc. raised its stake in shares of National Bank by 390.5% in the 4th quarter. Meeder Asset Management Inc. now owns 6,509 shares of the financial services provider's stock valued at $280,000 after buying an additional 5,182 shares in the last quarter. Finally, Bank of Montreal Can raised its stake in shares of National Bank by 6.8% in the 4th quarter. Bank of Montreal Can now owns 7,098 shares of the financial services provider's stock valued at $306,000 after buying an additional 455 shares in the last quarter. 92.65% of the stock is owned by institutional investors and hedge funds.

National Bank Price Performance

NBHC stock traded up $0.28 during midday trading on Tuesday, reaching $36.02. 32,243 shares of the company's stock traded hands, compared to its average volume of 234,291. 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 company has a market cap of $1.37 billion, a price-to-earnings ratio of 11.66 and a beta of 0.77. The company has a 50-day simple moving average of $38.71 and a two-hundred day simple moving average of $42.64. National Bank Holdings Co. has a 1-year low of $32.69 and a 1-year high of $51.76.

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

National Bank Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were given a $0.29 dividend. The ex-dividend date was Friday, February 28th. This represents a $1.16 dividend on an annualized basis and a yield of 3.22%. National Bank's payout ratio is 37.54%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. StockNews.com raised shares of National Bank from a "sell" rating to a "hold" rating in a research report on Friday, April 11th. Hovde Group decreased their price target on National Bank from $48.00 to $43.00 and set a "market perform" rating on the stock in a research note on Wednesday, April 2nd. 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 currently has an average rating of "Hold" and a consensus price target of $49.00.

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.