Vanguard Group Inc. Raises Stock Position in National Bank Holdings Co. (NYSE:NBHC)

Vanguard Group Inc. lifted its holdings in National Bank Holdings Co. (NYSE:NBHC) by 0.6% in the fourth quarter, HoldingsChannel reports. The firm owned 4,220,345 shares of the financial services provider’s stock after buying an additional 25,349 shares during the quarter. Vanguard Group Inc. owned approximately 0.11% of National Bank worth $156,955,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the business. Quest Partners LLC acquired a new stake in National Bank in the 4th quarter valued at about $194,000. Everence Capital Management Inc. purchased a new stake in shares of National Bank during the fourth quarter worth approximately $244,000. Mutual of America Capital Management LLC acquired a new stake in National Bank in the fourth quarter valued at approximately $246,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in National Bank by 15.6% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,924 shares of the financial services provider’s stock worth $295,000 after acquiring an additional 1,067 shares during the last quarter. Finally, Arizona State Retirement System grew its holdings in National Bank by 22.8% during the 4th quarter. Arizona State Retirement System now owns 10,545 shares of the financial services provider’s stock worth $392,000 after acquiring an additional 1,956 shares in the last quarter. 92.65% of the stock is owned by hedge funds and other institutional investors.

National Bank Stock Performance

Shares of NBHC stock opened at $38.49 on Friday. The stock’s 50-day moving average is $36.35 and its two-hundred day moving average is $35.40. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.91 and a current ratio of 0.91. National Bank Holdings Co. has a 1 year low of $28.38 and a 1 year high of $39.75. The firm has a market cap of $1.46 billion, a price-to-earnings ratio of 11.06 and a beta of 0.86.

National Bank (NYSE:NBHC) last released its quarterly earnings results on Wednesday, April 24th. The financial services provider reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.79 by $0.03. National Bank had a return on equity of 11.20% and a net margin of 22.94%. The firm had revenue of $149.43 million for the quarter, compared to the consensus estimate of $101.98 million. During the same quarter last year, the business posted $1.06 EPS. Analysts predict that National Bank Holdings Co. will post 3.08 earnings per share for the current year.

National Bank Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Friday, May 31st were issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.91%. This is a boost from National Bank’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend was Friday, May 31st. National Bank’s payout ratio is presently 32.18%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on NBHC. StockNews.com upgraded shares of National Bank from a “sell” rating to a “hold” rating in a report on Wednesday, May 29th. DA Davidson raised their price target on National Bank from $42.00 to $45.00 and gave the company a “buy” rating in a research note on Tuesday. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $39.00 price objective (down from $40.00) on shares of National Bank in a research report on Friday, April 26th. TheStreet lowered National Bank from a “b” rating to a “c+” rating in a research report on Monday, March 18th. Finally, Hovde Group lowered their price target on National Bank from $45.00 to $40.50 and set an “outperform” rating for the company in a report on Monday, April 29th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, National Bank currently has a consensus rating of “Moderate Buy” and an average target price of $39.90.

About National Bank

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.