Boston Partners Trims Stake in National Bank Holdings Corporation $NBHC

Boston Partners cut its position in shares of National Bank Holdings Corporation (NYSE:NBHC) by 43.7% in the second quarter, HoldingsChannel reports. The firm owned 319,256 shares of the financial services provider’s stock after selling 247,894 shares during the period. Boston Partners’ holdings in National Bank were worth $12,007,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC bought a new position in National Bank during the 2nd quarter worth about $289,000. Harbor Capital Advisors Inc. lifted its position in shares of National Bank by 5.9% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 14,551 shares of the financial services provider’s stock worth $547,000 after purchasing an additional 805 shares during the period. Jacobs Levy Equity Management Inc. bought a new position in shares of National Bank during the first quarter valued at approximately $536,000. Entropy Technologies LP bought a new position in shares of National Bank during the first quarter valued at approximately $313,000. Finally, First Citizens Bank & Trust Co. purchased a new position in National Bank during the second quarter valued at approximately $413,000. Hedge funds and other institutional investors own 92.65% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on NBHC. Wall Street Zen upgraded National Bank from a “strong sell” rating to a “hold” rating in a report on Saturday, July 26th. Keefe, Bruyette & Woods lifted their price target on National Bank from $44.00 to $45.00 and gave the company a “market perform” rating in a report on Wednesday, September 17th. Weiss Ratings restated a “hold (c)” rating on shares of National Bank in a research note on Wednesday, October 8th. Zacks Research raised National Bank from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 1st. Finally, Hovde Group upgraded shares of National Bank from a “market perform” rating to an “outperform” rating and set a $46.00 target price for the company in a report on Thursday, September 18th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $44.50.

National Bank Stock Performance

Shares of NBHC opened at $36.68 on Friday. National Bank Holdings Corporation has a 12 month low of $32.83 and a 12 month high of $50.82. The stock has a fifty day moving average price of $37.78 and a 200-day moving average price of $37.78. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.04. The firm has a market cap of $1.39 billion, a PE ratio of 11.61 and a beta of 0.80.

National Bank (NYSE:NBHC) last announced its earnings results on Thursday, August 14th. The financial services provider reported $0.63 earnings per share for the quarter. National Bank had a return on equity of 9.56% and a net margin of 20.50%.The firm had revenue of $102.07 million for the quarter. Equities research analysts predict that National Bank Holdings Corporation will post 3.31 earnings per share for the current fiscal year.

National Bank Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Friday, November 28th will be paid a dividend of $0.31 per share. The ex-dividend date is Friday, November 28th. This is a positive change from National Bank’s previous quarterly dividend of ($0.30). This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.4%. National Bank’s payout ratio is presently 37.97%.

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.