Northern Trust Corp Purchases 29,823 Shares of National Bank Holdings Co. (NYSE:NBHC)

Northern Trust Corp lifted its position in shares of National Bank Holdings Co. (NYSE:NBHC - Free Report) by 7.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 440,106 shares of the financial services provider's stock after acquiring an additional 29,823 shares during the period. Northern Trust Corp owned approximately 1.16% of National Bank worth $18,951,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Tudor Investment Corp ET AL increased its position in National Bank by 1,207.4% during the 4th quarter. Tudor Investment Corp ET AL now owns 70,076 shares of the financial services provider's stock worth $3,017,000 after purchasing an additional 64,716 shares in the last quarter. Quarry LP increased its position in National Bank by 503.1% during the 4th quarter. Quarry LP now owns 971 shares of the financial services provider's stock worth $42,000 after purchasing an additional 810 shares in the last quarter. Aquatic Capital Management LLC acquired a new position in National Bank during the 4th quarter worth approximately $174,000. State of Tennessee Department of Treasury increased its position in National Bank by 12.6% during the 4th quarter. State of Tennessee Department of Treasury now owns 20,348 shares of the financial services provider's stock worth $876,000 after purchasing an additional 2,273 shares in the last quarter. Finally, MetLife Investment Management LLC increased its position in National Bank by 5.8% during the 4th quarter. MetLife Investment Management LLC now owns 22,270 shares of the financial services provider's stock worth $959,000 after purchasing an additional 1,226 shares in the last quarter. Institutional investors own 92.65% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. StockNews.com cut shares of National Bank from a "hold" rating to a "sell" rating in a research report on Friday, May 2nd. Hovde Group lowered their price objective on shares of National Bank from $43.00 to $39.00 and set a "market perform" rating for the company in a research report on Thursday, April 24th. Finally, DA Davidson lowered their price objective on shares of National Bank from $46.00 to $42.00 and set a "buy" rating for the company in a research report on Wednesday, April 23rd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, National Bank currently has a consensus rating of "Hold" and a consensus price target of $46.00.

National Bank Trading Down 0.1%

Shares of NYSE:NBHC traded down $0.03 during mid-day trading on Monday, reaching $38.17. 167,010 shares of the company's stock were exchanged, compared to its average volume of 234,804. The firm has a market capitalization of $1.45 billion, a price-to-earnings ratio of 12.35 and a beta of 0.77. The business's fifty day moving average price is $36.88 and its 200-day moving average price is $41.71. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.94 and a current ratio of 0.95. National Bank Holdings Co. has a twelve month low of $32.83 and a twelve month high of $51.76.

National Bank (NYSE:NBHC - Get Free Report) last issued its quarterly earnings results on Tuesday, April 22nd. The financial services provider reported $0.63 EPS for the quarter, missing analysts' consensus estimates of $0.76 by ($0.13). The business had revenue of $102.07 million for the quarter, compared to analyst estimates 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 firm posted $0.82 EPS. On average, research analysts predict that National Bank Holdings Co. will post 3.31 EPS for the current fiscal year.

National Bank Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 3.14%. The ex-dividend date is Friday, May 30th. This is an increase from National Bank's previous quarterly dividend of $0.29. National Bank's dividend payout ratio (DPR) is currently 41.38%.

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.