Northern Trust Corp Grows Position in 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% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 440,106 shares of the financial services provider's stock after purchasing an additional 29,823 shares during the period. Northern Trust Corp owned about 1.16% of National Bank worth $18,951,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in NBHC. Principal Financial Group Inc. boosted its holdings in National Bank by 36.1% in the third quarter. Principal Financial Group Inc. now owns 786,096 shares of the financial services provider's stock valued at $33,095,000 after acquiring an additional 208,303 shares during the last quarter. Boston Partners grew its position in shares of National Bank by 90.3% during the 4th quarter. Boston Partners now owns 403,255 shares of the financial services provider's stock worth $17,366,000 after buying an additional 191,336 shares during the period. JPMorgan Chase & Co. grew its position in shares of National Bank by 74.7% during the 4th quarter. JPMorgan Chase & Co. now owns 331,546 shares of the financial services provider's stock worth $14,276,000 after buying an additional 141,716 shares during the period. Tudor Investment Corp ET AL grew its position in shares of 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 buying an additional 64,716 shares during the period. Finally, Invesco Ltd. grew its position in shares of National Bank by 36.8% during the 4th quarter. Invesco Ltd. now owns 231,403 shares of the financial services provider's stock worth $9,964,000 after buying an additional 62,225 shares during the period. 92.65% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Hovde Group reduced 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. DA Davidson reduced 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. Finally, StockNews.com downgraded shares of National Bank from a "hold" rating to a "sell" rating in a research report on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $46.00.

National Bank Stock Up 0.0%

Shares of NYSE:NBHC traded up $0.00 during trading on Friday, reaching $38.23. 187,353 shares of the stock were exchanged, compared to its average volume of 235,427. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.95 and a quick ratio of 0.94. National Bank Holdings Co. has a 1-year low of $32.83 and a 1-year high of $51.76. The stock has a fifty day moving average of $36.89 and a two-hundred day moving average of $41.86. The firm has a market cap of $1.46 billion, a price-to-earnings ratio of 12.37 and a beta of 0.77.

National Bank (NYSE:NBHC - Get Free Report) last issued its earnings results 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 return on equity of 9.76% and a net margin of 19.82%. The firm 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 company earned $0.82 earnings per share. Research analysts anticipate that National Bank Holdings Co. will post 3.31 earnings per share for the current fiscal year.

National Bank Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be given a $0.30 dividend. This is a positive change from National Bank's previous quarterly dividend of $0.29. This represents a $1.20 dividend on an annualized basis and a yield of 3.14%. The ex-dividend date is Friday, May 30th. National Bank's dividend payout ratio is presently 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.