Centiva Capital LP Acquires Shares of 8,342 National Bank Holdings Co. (NYSE:NBHC)

Centiva Capital LP acquired a new stake in National Bank Holdings Co. (NYSE:NBHC) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 8,342 shares of the financial services provider’s stock, valued at approximately $359,000.

Several other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. grew its holdings in National Bank by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 4,230,384 shares of the financial services provider’s stock valued at $182,160,000 after purchasing an additional 35,910 shares during the period. Dimensional Fund Advisors LP lifted its position in National Bank by 1.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,089,730 shares of the financial services provider’s stock worth $89,984,000 after buying an additional 32,983 shares in the last quarter. Principal Financial Group Inc. lifted its stake in shares of National Bank by 36.1% in the 3rd quarter. Principal Financial Group Inc. now owns 786,096 shares of the financial services provider’s stock valued at $33,095,000 after purchasing an additional 208,303 shares during the last quarter. Northern Trust Corp lifted its stake in shares of National Bank by 7.3% in the 4th quarter. Northern Trust Corp now owns 440,106 shares of the financial services provider’s stock valued at $18,951,000 after purchasing an additional 29,823 shares during the last quarter. Finally, Boston Partners lifted its stake in shares of National Bank by 90.3% in the 4th quarter. Boston Partners now owns 403,255 shares of the financial services provider’s stock valued at $17,366,000 after purchasing an additional 191,336 shares during the last quarter. 92.65% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

National Bank Trading Down 0.5%

NYSE:NBHC opened at $36.96 on Monday. The stock’s 50 day moving average price is $37.02 and its 200 day moving average price is $42.01. The company has a market capitalization of $1.41 billion, a PE ratio of 11.96 and a beta of 0.77. The company has a quick ratio of 0.94, a current ratio of 0.95 and a debt-to-equity ratio of 0.08. National Bank Holdings Co. has a 52-week low of $32.83 and a 52-week high of $51.76.

National Bank (NYSE:NBHC) last announced its earnings results on Tuesday, April 22nd. The financial services provider reported $0.63 earnings per share for the quarter, missing the consensus estimate 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 analysts’ expectations of $107.47 million. During the same quarter last year, the business posted $0.82 earnings per share. On average, research analysts anticipate that National Bank Holdings Co. will post 3.31 EPS for the current year.

National Bank Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be issued a $0.30 dividend. This is a boost from National Bank’s previous quarterly dividend of $0.29. This represents a $1.20 annualized dividend and a dividend yield of 3.25%. The ex-dividend date of this dividend is Friday, May 30th. National Bank’s dividend payout ratio (DPR) is currently 41.38%.

National Bank 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.