Natixis Advisors LLC Trims Stock Holdings in National Bank Holdings Co. (NYSE:NBHC)

Natixis Advisors LLC lessened its stake in shares of National Bank Holdings Co. (NYSE:NBHC) by 63.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,711 shares of the financial services provider’s stock after selling 22,357 shares during the quarter. Natixis Advisors LLC’s holdings in National Bank were worth $547,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. KBC Group NV grew its holdings 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 worth $103,000 after buying an additional 1,080 shares in the last quarter. Handelsbanken Fonder AB acquired a new stake in National Bank during the fourth quarter worth approximately $224,000. FMR LLC grew its stake in National Bank by 359.7% in the 3rd quarter. FMR LLC now owns 7,627 shares of the financial services provider’s stock worth $321,000 after acquiring an additional 5,968 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new position in National Bank in the 4th quarter valued at $500,000. Finally, BNP Paribas Financial Markets lifted its stake in shares of National Bank by 130.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 17,146 shares of the financial services provider’s stock worth $722,000 after purchasing an additional 9,705 shares during the period. Hedge funds and other institutional investors own 92.65% of the company’s stock.

National Bank Price Performance

Shares of National Bank stock opened at $39.33 on Friday. The business’s fifty day moving average price is $41.60 and its 200 day moving average price is $43.39. National Bank Holdings Co. has a twelve month low of $32.13 and a twelve month 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 market capitalization of $1.50 billion, a P/E ratio of 12.73 and a beta of 0.86.

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

National Bank Dividend Announcement

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

Analysts Set New Price Targets

Several research firms recently commented on NBHC. StockNews.com upgraded National Bank from a “sell” rating to a “hold” rating in a research note on Wednesday, March 19th. Keefe, Bruyette & Woods increased their price objective on shares of National Bank from $47.00 to $52.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, National Bank presently has an average rating of “Hold” and a consensus price target of $51.40.

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.