Tudor Investment Corp ET AL increased its position in shares of National Bank Holdings Co. (NYSE:NBHC - Free Report) by 1,207.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 70,076 shares of the financial services provider's stock after acquiring an additional 64,716 shares during the period. Tudor Investment Corp ET AL owned about 0.18% of National Bank worth $3,017,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently bought and sold shares of NBHC. Barclays PLC increased its holdings in National Bank by 91.9% during 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. increased its stake in shares of National Bank by 36.1% during the third quarter. Principal Financial Group Inc. now owns 786,096 shares of the financial services provider's stock worth $33,095,000 after buying an additional 208,303 shares during the period. Assenagon Asset Management S.A. acquired a new stake in National Bank in the fourth quarter valued at approximately $1,790,000. KBC Group NV lifted its stake in National Bank by 82.5% in the fourth 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. acquired a new position in National Bank during the 4th quarter worth approximately $981,000. 92.65% of the stock is currently owned by hedge funds and other institutional investors.
National Bank Stock Performance
Shares of NYSE NBHC traded down $0.01 during midday trading on Monday, reaching $36.47. 282,183 shares of the company were exchanged, compared to its average volume of 233,793. National Bank Holdings Co. has a 1 year low of $32.83 and a 1 year high of $51.76. The company has a current ratio of 0.95, a quick ratio of 0.94 and a debt-to-equity ratio of 0.08. The stock has a fifty day simple moving average of $37.50 and a 200 day simple moving average of $42.25. The stock has a market cap of $1.39 billion, a P/E ratio of 11.80 and a beta of 0.77.
National Bank (NYSE:NBHC - Get Free Report) last released its 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). National Bank had a return on equity of 9.76% and a net margin of 19.82%. The business had revenue of $102.07 million for the quarter, compared to analyst estimates of $107.47 million. During the same quarter in the previous year, the firm posted $0.82 EPS. On average, research analysts forecast 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 announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be given a dividend of $0.30 per share. This is a positive change from National Bank's previous quarterly dividend of $0.29. This represents a $1.20 annualized dividend and a dividend yield of 3.29%. The ex-dividend date is Friday, May 30th. National Bank's payout ratio is presently 40.00%.
Wall Street Analysts Forecast Growth
NBHC has been the subject of several recent analyst reports. StockNews.com cut shares of National Bank from a "hold" rating to a "sell" rating in a research report on Friday. Hovde Group cut their target price on National Bank from $43.00 to $39.00 and set a "market perform" rating on the stock in a research report on Thursday, April 24th. Finally, DA Davidson lowered their price target on National Bank from $46.00 to $42.00 and set a "buy" rating for the company in a report on Wednesday, April 23rd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $46.00.
Check Out Our Latest Research Report on NBHC
About National Bank
(
Free Report)
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.
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