State Street Corp cut its position in National Bank Holdings Corp (NYSE:NBHC) by 0.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 938,477 shares of the financial services provider’s stock after selling 2,830 shares during the quarter. State Street Corp owned 3.01% of National Bank worth $32,087,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also recently modified their holdings of NBHC. Valeo Financial Advisors LLC grew its stake in National Bank by 122.8% during the 3rd quarter. Valeo Financial Advisors LLC now owns 2,787 shares of the financial services provider’s stock worth $95,000 after purchasing an additional 1,536 shares in the last quarter. Boston Partners grew its stake in National Bank by 4.3% during the 2nd quarter. Boston Partners now owns 424,087 shares of the financial services provider’s stock worth $15,394,000 after purchasing an additional 17,560 shares in the last quarter. Handelsinvest Investeringsforvaltning grew its stake in National Bank by 151.7% during the 2nd quarter. Handelsinvest Investeringsforvaltning now owns 100,000 shares of the financial services provider’s stock worth $3,630,000 after purchasing an additional 60,274 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in National Bank by 32.5% during the 3rd quarter. Envestnet Asset Management Inc. now owns 13,737 shares of the financial services provider’s stock worth $470,000 after purchasing an additional 3,366 shares in the last quarter. Finally, Handelsbanken Fonder AB grew its stake in National Bank by 21.2% during the 3rd quarter. Handelsbanken Fonder AB now owns 400,000 shares of the financial services provider’s stock worth $13,676,000 after purchasing an additional 70,000 shares in the last quarter. 97.79% of the stock is owned by institutional investors and hedge funds.
NYSE:NBHC opened at $37.26 on Wednesday. The stock has a 50-day simple moving average of $35.52 and a 200-day simple moving average of $35.10. The stock has a market cap of $1.14 billion, a P/E ratio of 17.25 and a beta of 1.08. National Bank Holdings Corp has a 1 year low of $29.26 and a 1 year high of $38.92. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.93 and a current ratio of 0.98.
National Bank (NYSE:NBHC) last released its quarterly earnings data on Tuesday, October 22nd. The financial services provider reported $0.69 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.61 by $0.08. National Bank had a return on equity of 10.78% and a net margin of 24.51%. The business had revenue of $77.81 million during the quarter, compared to analysts’ expectations of $74.37 million. During the same period in the prior year, the firm posted $0.58 EPS. The business’s quarterly revenue was up 12.8% compared to the same quarter last year. On average, equities research analysts predict that National Bank Holdings Corp will post 2.51 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were issued a $0.20 dividend. This is an increase from National Bank’s previous quarterly dividend of $0.19. This represents a $0.80 annualized dividend and a dividend yield of 2.15%. The ex-dividend date of this dividend was Wednesday, November 27th. National Bank’s payout ratio is presently 37.04%.
NBHC has been the subject of several analyst reports. raised National Bank from a “sell” rating to a “hold” rating in a research report on Tuesday, November 19th. Sandler O’Neill cut National Bank from a “buy” rating to a “hold” rating and upped their price objective for the stock from $34.00 to $35.00 in a research report on Thursday, October 24th.
National Bank Company Profile
National Bank Holdings Corporation operates as the bank holding company for NBH Bank, N.A. that provides various banking products and financial services to commercial, business, and consumer clients in the United States. The company offers deposit products, including checking accounts, savings accounts, money market accounts, and other deposit accounts, including fixed-rate and fixed maturity time deposits.
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