National Bank Holdings Co. (NYSE:NBHC) Shares Bought by Northern Trust Corp

Northern Trust Corp raised its holdings in National Bank Holdings Co. (NYSE:NBHC) by 7.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 440,106 shares of the financial services provider’s stock after purchasing an additional 29,823 shares during the period. Northern Trust Corp’s holdings in National Bank were worth $18,951,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in NBHC. Bank of Montreal Can grew its holdings in National Bank by 6.8% in the 4th quarter. Bank of Montreal Can now owns 7,098 shares of the financial services provider’s stock valued at $306,000 after buying an additional 455 shares in the last quarter. Swiss National Bank boosted its position in shares of National Bank by 0.9% during the 4th quarter. Swiss National Bank now owns 74,500 shares of the financial services provider’s stock valued at $3,208,000 after acquiring an additional 700 shares during the last quarter. Quarry LP boosted its position in shares of National Bank by 503.1% during the 4th quarter. Quarry LP now owns 971 shares of the financial services provider’s stock valued at $42,000 after acquiring an additional 810 shares during the last quarter. Sterling Capital Management LLC grew its holdings in shares of National Bank by 815.5% in the fourth quarter. Sterling Capital Management LLC now owns 1,181 shares of the financial services provider’s stock valued at $51,000 after purchasing an additional 1,052 shares during the period. Finally, KBC Group NV increased its position in 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 purchasing an additional 1,080 shares during the last quarter. 92.65% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on NBHC shares. Hovde Group dropped their price target on shares of National Bank from $43.00 to $39.00 and set a “market perform” rating for the company in a research note on Thursday, April 24th. StockNews.com lowered National Bank from a “hold” rating to a “sell” rating in a research report on Friday, May 2nd. Finally, DA Davidson cut their target price on National Bank from $46.00 to $42.00 and set a “buy” rating for the company in a research note on Wednesday, April 23rd. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, National Bank currently has a consensus rating of “Hold” and a consensus price target of $46.00.

National Bank Stock Performance

Shares of NBHC opened at $38.25 on Wednesday. The company’s 50 day simple moving average is $36.97 and its 200-day simple moving average is $41.96. The firm has a market cap of $1.46 billion, a PE ratio of 12.38 and a beta of 0.77. National Bank Holdings Co. has a 12-month low of $32.83 and a 12-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.

National Bank (NYSE:NBHC) last released its earnings results on Tuesday, April 22nd. The financial services provider reported $0.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.13). National Bank had a net margin of 19.82% and a return on equity of 9.76%. The company had revenue of $102.07 million during the quarter, compared to analyst estimates of $107.47 million. During the same period in the previous year, the firm posted $0.82 EPS. As a group, equities analysts predict that National Bank Holdings Co. will post 3.31 EPS for the current year.

National Bank Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $1.20 dividend on an annualized basis and a yield of 3.14%. This is an increase from National Bank’s previous quarterly dividend of $0.29. National Bank’s payout ratio is currently 41.38%.

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.