Assenagon Asset Management S.A. Lowers Stock Holdings in National Bank Holdings Co. (NYSE:NBHC)

Assenagon Asset Management S.A. lessened its stake in shares of National Bank Holdings Co. (NYSE:NBHC - Free Report) by 20.4% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 160,668 shares of the financial services provider's stock after selling 41,225 shares during the period. Assenagon Asset Management S.A. owned about 0.43% of National Bank worth $5,975,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. JPMorgan Chase & Co. grew its position in shares of National Bank by 76.4% in the first quarter. JPMorgan Chase & Co. now owns 156,517 shares of the financial services provider's stock valued at $6,305,000 after purchasing an additional 67,805 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of National Bank by 20.6% in the first quarter. Bank of New York Mellon Corp now owns 727,077 shares of the financial services provider's stock valued at $29,286,000 after purchasing an additional 123,952 shares during the last quarter. Citigroup Inc. grew its position in shares of National Bank by 12.3% in the first quarter. Citigroup Inc. now owns 26,539 shares of the financial services provider's stock valued at $1,069,000 after purchasing an additional 2,898 shares during the last quarter. Natixis Advisors L.P. grew its position in shares of National Bank by 5.2% in the first quarter. Natixis Advisors L.P. now owns 15,882 shares of the financial services provider's stock valued at $640,000 after purchasing an additional 791 shares during the last quarter. Finally, Bank of Montreal Can grew its position in shares of National Bank by 4.8% in the first quarter. Bank of Montreal Can now owns 20,429 shares of the financial services provider's stock valued at $856,000 after purchasing an additional 943 shares during the last quarter. Institutional investors own 92.65% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on NBHC. Piper Sandler increased their price target on National Bank from $40.00 to $41.00 and gave the stock an "overweight" rating in a research report on Thursday, January 25th. TheStreet cut National Bank from a "b" rating to a "c+" rating in a research note on Monday, March 18th. Finally, StockNews.com cut National Bank from a "hold" rating to a "sell" rating in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company. According to MarketBeat.com, National Bank currently has a consensus rating of "Hold" and an average price target of $38.33.

National Bank Price Performance

Shares of NBHC traded up $0.10 during trading hours on Friday, reaching $36.07. The stock had a trading volume of 271,902 shares, compared to its average volume of 172,120. National Bank Holdings Co. has a 12 month low of $26.48 and a 12 month high of $38.71. The stock has a market capitalization of $1.36 billion, a PE ratio of 9.70 and a beta of 0.83. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.95 and a current ratio of 0.95. The company's 50-day moving average is $34.52 and its two-hundred day moving average is $33.58.

National Bank (NYSE:NBHC - Get Free Report) last announced its quarterly earnings results on Wednesday, January 24th. The financial services provider reported $0.87 EPS for the quarter, beating analysts' consensus estimates of $0.84 by $0.03. The company had revenue of $107.23 million during the quarter, compared to analysts' expectations of $103.96 million. National Bank had a return on equity of 12.20% and a net margin of 25.40%. National Bank's revenue was down 3.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.91 EPS. Research analysts expect that National Bank Holdings Co. will post 3.33 EPS for the current year.

National Bank Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, February 23rd were given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 2.99%. The ex-dividend date of this dividend was Thursday, February 22nd. National Bank's dividend payout ratio is currently 29.03%.

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.