National Bank Holdings Co. (NYSE:NBHC) Position Cut by Russell Investments Group Ltd.

Russell Investments Group Ltd. cut its stake in shares of National Bank Holdings Co. (NYSE:NBHC - Free Report) by 7.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 329,276 shares of the financial services provider's stock after selling 25,169 shares during the period. Russell Investments Group Ltd. owned 0.87% of National Bank worth $14,179,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. boosted its position in National Bank by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 4,230,384 shares of the financial services provider's stock worth $182,160,000 after purchasing an additional 35,910 shares during the period. State Street Corp raised its holdings in shares of National Bank by 7.6% during the 3rd quarter. State Street Corp now owns 1,799,224 shares of the financial services provider's stock valued at $75,747,000 after buying an additional 126,796 shares during the period. Geode Capital Management LLC lifted its position in National Bank by 1.1% during the 3rd quarter. Geode Capital Management LLC now owns 861,483 shares of the financial services provider's stock worth $36,276,000 after acquiring an additional 9,723 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in National Bank by 36.1% in the 3rd quarter. Principal Financial Group Inc. now owns 786,096 shares of the financial services provider's stock worth $33,095,000 after acquiring an additional 208,303 shares during the period. Finally, Boston Partners grew its position in National Bank by 90.3% in the fourth quarter. Boston Partners now owns 403,255 shares of the financial services provider's stock valued at $17,366,000 after acquiring an additional 191,336 shares in the last quarter. 92.65% of the stock is currently owned by institutional investors and hedge funds.

National Bank Stock Up 0.2 %

Shares of NBHC traded up $0.08 during midday trading on Wednesday, hitting $35.19. The company had a trading volume of 13,867 shares, compared to its average volume of 230,027. The company has a quick ratio of 0.94, a current ratio of 0.95 and a debt-to-equity ratio of 0.08. National Bank Holdings Co. has a 52 week low of $32.13 and a 52 week high of $51.76. The company's 50 day moving average price is $39.33 and its 200 day moving average price is $42.78. The stock has a market cap of $1.34 billion, a price-to-earnings ratio of 11.39 and a beta of 0.77.

National Bank (NYSE:NBHC - Get Free Report) last released its earnings results on Wednesday, January 22nd. The financial services provider reported $0.86 EPS for the quarter, topping analysts' consensus estimates of $0.79 by $0.07. National Bank had a return on equity of 9.76% and a net margin of 19.82%. On average, equities research analysts predict that National Bank Holdings Co. will post 3.31 EPS for the current year.

National Bank Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were issued a $0.29 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.30%. National Bank's dividend payout ratio (DPR) is presently 37.54%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Hovde Group lowered their price target on shares of National Bank from $48.00 to $43.00 and set a "market perform" rating for the company in a report on Wednesday, April 2nd. StockNews.com upgraded National Bank from a "sell" rating to a "hold" rating in a research note on Friday, April 11th. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $49.00.

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.