Charles Schwab Investment Management Inc. Buys 1,562 Shares of National Bank Holdings Co. (NYSE:NBHC)

Charles Schwab Investment Management Inc. grew its stake in shares of National Bank Holdings Co. (NYSE:NBHC) by 0.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 357,049 shares of the financial services provider’s stock after buying an additional 1,562 shares during the period. Charles Schwab Investment Management Inc.’s holdings in National Bank were worth $15,375,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. KBC Group NV raised its position in shares of National Bank by 82.5% during the fourth quarter. KBC Group NV now owns 2,389 shares of the financial services provider’s stock valued at $103,000 after buying an additional 1,080 shares during the last quarter. Atria Investments Inc bought a new stake in National Bank in the third quarter worth $202,000. Handelsbanken Fonder AB bought a new stake in National Bank in the fourth quarter worth $224,000. Natixis Advisors LLC increased its position in National Bank by 17.6% in the third quarter. Natixis Advisors LLC now owns 35,068 shares of the financial services provider’s stock worth $1,476,000 after purchasing an additional 5,252 shares during the last quarter. Finally, FMR LLC increased its position in National Bank by 359.7% in the third quarter. FMR LLC now owns 7,627 shares of the financial services provider’s stock worth $321,000 after purchasing an additional 5,968 shares during the last quarter. Institutional investors own 92.65% of the company’s stock.

National Bank Stock Down 1.4 %

NYSE NBHC opened at $39.32 on Friday. The company has a quick ratio of 0.94, a current ratio of 0.95 and a debt-to-equity ratio of 0.08. The company has a fifty day moving average of $41.96 and a two-hundred day moving average of $43.51. The firm has a market capitalization of $1.50 billion, a price-to-earnings ratio of 12.72 and a beta of 0.86. National Bank Holdings Co. has a 52 week low of $32.13 and a 52 week high of $51.76.

National Bank (NYSE:NBHC) last posted its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $0.86 EPS for the quarter, topping the consensus estimate of $0.79 by $0.07. National Bank had a net margin of 19.82% and a return on equity of 9.76%. On average, analysts predict that National Bank Holdings Co. will post 3.31 earnings per share for the current year.

National Bank Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 2.95%. The ex-dividend date of this dividend was Friday, February 28th. National Bank’s payout ratio is 37.54%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on NBHC. StockNews.com upgraded shares of National Bank from a “sell” rating to a “hold” rating in a research report on Wednesday. Keefe, Bruyette & Woods boosted their price target on shares of National Bank from $47.00 to $52.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, National Bank has an average rating of “Hold” and a consensus price target of $51.40.

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.