National Bank Holdings Corp (NBHC) Stake Lifted by Bank of New York Mellon Corp

Bank of New York Mellon Corp lifted its position in shares of National Bank Holdings Corp (NYSE:NBHC) by 14.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 957,260 shares of the financial services provider’s stock after acquiring an additional 123,316 shares during the quarter. Bank of New York Mellon Corp’s holdings in National Bank were worth $36,940,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of NBHC. UBS Group AG grew its position in National Bank by 60.8% during the first quarter. UBS Group AG now owns 5,863 shares of the financial services provider’s stock worth $195,000 after buying an additional 2,216 shares during the period. Teacher Retirement System of Texas acquired a new position in National Bank during the second quarter worth about $202,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in National Bank during the second quarter worth about $222,000. Piedmont Investment Advisors LLC acquired a new position in National Bank during the second quarter worth about $245,000. Finally, Convergence Investment Partners LLC acquired a new position in National Bank during the second quarter worth about $336,000. Institutional investors and hedge funds own 93.64% of the company’s stock.

Several research analysts have weighed in on the stock. Zacks Investment Research lowered shares of National Bank from a “buy” rating to a “hold” rating in a research report on Wednesday, November 7th. Piper Jaffray Companies upped their target price on shares of National Bank from $36.00 to $40.00 and gave the stock a “neutral” rating in a research report on Friday, July 27th. Stephens set a $41.00 target price on shares of National Bank and gave the stock a “hold” rating in a research report on Tuesday, October 23rd. Finally, Hovde Group set a $40.00 target price on shares of National Bank and gave the stock a “hold” rating in a research report on Monday, July 30th. Six investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $39.33.

In other news, Director Robert E. Dean sold 3,771 shares of the stock in a transaction that occurred on Friday, September 7th. The shares were sold at an average price of $39.50, for a total value of $148,954.50. Following the sale, the director now directly owns 21,814 shares in the company, valued at $861,653. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 7.60% of the stock is owned by corporate insiders.

NBHC stock opened at $35.75 on Friday. The company has a market capitalization of $1.11 billion, a PE ratio of 28.37, a price-to-earnings-growth ratio of 1.66 and a beta of 0.88. National Bank Holdings Corp has a 12 month low of $30.98 and a 12 month high of $41.44. The company has a current ratio of 0.87, a quick ratio of 0.85 and a debt-to-equity ratio of 0.21.

National Bank (NYSE:NBHC) last released its quarterly earnings results on Tuesday, October 23rd. The financial services provider reported $0.58 EPS for the quarter, beating the consensus estimate of $0.55 by $0.03. The business had revenue of $68.96 million for the quarter, compared to analyst estimates of $70.79 million. National Bank had a net margin of 12.64% and a return on equity of 9.62%. The company’s quarterly revenue was up 40.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.26 earnings per share. Equities analysts anticipate that National Bank Holdings Corp will post 2.16 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 14th. Stockholders of record on Friday, November 30th will be given a $0.17 dividend. The ex-dividend date of this dividend is Thursday, November 29th. This is a positive change from National Bank’s previous quarterly dividend of $0.14. This represents a $0.68 annualized dividend and a dividend yield of 1.90%. National Bank’s dividend payout ratio is currently 44.44%.

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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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Institutional Ownership by Quarter for National Bank (NYSE:NBHC)

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