Victory Capital Management Inc. Cuts Stock Position in National Bank Holdings Co. (NYSE:NBHC)

Victory Capital Management Inc. lessened its position in National Bank Holdings Co. (NYSE:NBHC) by 2.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,778,981 shares of the financial services provider’s stock after selling 67,760 shares during the quarter. Victory Capital Management Inc. owned approximately 7.31% of National Bank worth $119,663,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Principal Financial Group Inc. increased its holdings in National Bank by 36.1% during the 3rd quarter. Principal Financial Group Inc. now owns 786,096 shares of the financial services provider’s stock worth $33,095,000 after purchasing an additional 208,303 shares during the period. Assenagon Asset Management S.A. purchased a new stake in National Bank during the 4th quarter worth about $1,790,000. Squire Investment Management Company LLC purchased a new stake in National Bank during the 3rd quarter worth about $4,496,000. Systematic Financial Management LP purchased a new stake in National Bank during the 3rd quarter worth about $756,000. Finally, Leeward Investments LLC MA increased its holdings in National Bank by 64.2% during the 3rd quarter. Leeward Investments LLC MA now owns 374,638 shares of the financial services provider’s stock worth $15,772,000 after purchasing an additional 146,494 shares during the period. Hedge funds and other institutional investors own 92.65% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on NBHC shares. Hovde Group downgraded National Bank from an “outperform” rating to a “market perform” rating and set a $55.00 price target on the stock. in a report on Monday, November 18th. StockNews.com upgraded National Bank from a “sell” rating to a “hold” rating in a report on Thursday, February 27th. Finally, Keefe, Bruyette & Woods upped their price target on National Bank from $47.00 to $52.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $51.40.

National Bank Trading Up 0.9 %

NBHC opened at $40.57 on Thursday. National Bank Holdings Co. has a one year low of $32.13 and a one year high of $51.76. The company has a market cap of $1.54 billion, a P/E ratio of 13.13 and a beta of 0.85. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.94 and a current ratio of 0.95. The business’s 50-day simple moving average is $42.77 and its 200-day simple moving average is $43.79.

National Bank (NYSE:NBHC) last released its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.79 by $0.07. National Bank had a return on equity of 9.76% and a net margin of 19.82%. As a group, equities research analysts expect that National Bank Holdings Co. will post 3.31 EPS for the current fiscal year.

National Bank Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be given a $0.29 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.86%. National Bank’s dividend payout ratio (DPR) is presently 37.54%.

About National Bank

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.