Price T Rowe Associates Inc. MD Sells 32,706 Shares of National Bank Holdings Co. (NYSE:NBHC)

Price T Rowe Associates Inc. MD reduced its stake in shares of National Bank Holdings Co. (NYSE:NBHC - Free Report) by 42.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 44,524 shares of the financial services provider's stock after selling 32,706 shares during the quarter. Price T Rowe Associates Inc. MD owned 0.12% of National Bank worth $1,918,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of NBHC. Barclays PLC increased its stake in National Bank by 91.9% in the 3rd quarter. Barclays PLC now owns 103,076 shares of the financial services provider's stock worth $4,340,000 after purchasing an additional 49,359 shares during the period. Principal Financial Group Inc. raised its holdings in National Bank by 36.1% during the 3rd quarter. Principal Financial Group Inc. now owns 786,096 shares of the financial services provider's stock valued at $33,095,000 after buying an additional 208,303 shares during the last quarter. Assenagon Asset Management S.A. purchased a new stake in National Bank during the 4th quarter valued at $1,790,000. KBC Group NV grew its holdings in 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 acquiring an additional 1,080 shares during the last quarter. Finally, Rosenthal Henry Capital Advisors Inc. purchased a new stake in shares of National Bank during the fourth quarter worth about $981,000. Hedge funds and other institutional investors own 92.65% of the company's stock.

National Bank Stock Down 0.5 %

NYSE NBHC traded down $0.17 during trading hours on Friday, reaching $36.96. 243,426 shares of the company's stock traded hands, compared to its average volume of 234,261. The firm has a market cap of $1.41 billion, a PE ratio of 11.96 and a beta of 0.77. 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 52-week low of $32.83 and a 52-week high of $51.76. The firm has a 50-day simple moving average of $37.02 and a 200 day simple moving average of $42.05.

National Bank (NYSE:NBHC - Get Free Report) last posted its quarterly earnings results on Tuesday, April 22nd. The financial services provider reported $0.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.76 by ($0.13). The company 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 period in the prior year, the firm earned $0.82 EPS. Sell-side analysts anticipate that National Bank Holdings Co. will post 3.31 EPS for the current fiscal year.

National Bank Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be issued a $0.30 dividend. This is a positive change from National Bank's previous quarterly dividend of $0.29. The ex-dividend date is Friday, May 30th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.25%. National Bank's dividend payout ratio (DPR) is presently 41.38%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on NBHC. StockNews.com lowered National Bank from a "hold" rating to a "sell" rating in a research report on Friday, May 2nd. DA Davidson reduced their price objective on shares of National Bank from $46.00 to $42.00 and set a "buy" rating on the stock in a research report on Wednesday, April 23rd. Finally, Hovde Group dropped their target price 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. One analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target 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.