T. Rowe Price Investment Management Inc. Lowers Stock Position in National Bank Holdings Co. (NYSE:NBHC)

T. Rowe Price Investment Management Inc. cut its stake in shares of National Bank Holdings Co. (NYSE:NBHC - Free Report) by 9.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,306,736 shares of the financial services provider's stock after selling 230,780 shares during the quarter. T. Rowe Price Investment Management Inc. owned 6.07% of National Bank worth $99,329,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Sterling Capital Management LLC grew its position in National Bank by 815.5% in the fourth 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 in the last quarter. KBC Group NV boosted its holdings in shares of National Bank by 82.5% in the 4th quarter. KBC Group NV now owns 2,389 shares of the financial services provider's stock worth $103,000 after purchasing an additional 1,080 shares in the last quarter. Handelsbanken Fonder AB bought a new position in shares of National Bank during the 4th quarter valued at about $224,000. Meeder Asset Management Inc. raised its holdings in shares of 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 buying an additional 5,182 shares in the last quarter. Finally, Bank of Montreal Can lifted its position in 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 worth $306,000 after buying an additional 455 shares during the last quarter. Hedge funds and other institutional investors own 92.65% of the company's stock.

National Bank Trading Down 1.2 %

Shares of NYSE:NBHC traded down $0.44 during midday trading on Wednesday, hitting $36.00. 48,119 shares of the stock traded hands, compared to its average volume of 230,653. 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 business's 50 day moving average is $37.83 and its two-hundred day moving average is $42.41. The stock has a market capitalization of $1.37 billion, a PE ratio of 11.65 and a beta of 0.77. National Bank Holdings Co. has a one year low of $32.69 and a one year high of $51.76.

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 the consensus estimate of $0.76 by ($0.13). The business had revenue of $102.07 million during 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 business posted $0.82 EPS. As a group, research analysts forecast that National Bank Holdings Co. will post 3.31 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have commented on NBHC. Hovde Group decreased their price target on shares of National Bank from $43.00 to $39.00 and set a "market perform" rating on the stock in a research note on Thursday, April 24th. DA Davidson lowered their price target on shares of National Bank from $46.00 to $42.00 and set a "buy" rating for the company in a research note on Wednesday, April 23rd. Finally, StockNews.com cut National Bank from a "hold" rating to a "sell" rating in a research note on Wednesday, April 23rd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $46.00.

National Bank Company 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.