National Bank (NYSE:NBHC) Sets New 1-Year Low at $34.99

National Bank Holdings Co. (NYSE:NBHC – Get Rating) shares reached a new 52-week low on Friday . The stock traded as low as $34.99 and last traded at $34.99, with a volume of 8683 shares. The stock had previously closed at $36.84.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of National Bank from a “hold” rating to a “sell” rating in a report on Friday, December 16th.

National Bank Stock Performance

The company’s fifty day moving average price is $41.80 and its 200 day moving average price is $41.91. The company has a market cap of $1.38 billion, a PE ratio of 16.65 and a beta of 0.95. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.93 and a quick ratio of 0.93.

National Bank (NYSE:NBHC – Get Rating) last announced its earnings results on Wednesday, January 25th. The financial services provider reported $0.91 EPS for the quarter, beating the consensus estimate of $0.80 by $0.11. The company had revenue of $110.66 million during the quarter, compared to the consensus estimate of $108.16 million. National Bank had a net margin of 20.25% and a return on equity of 10.92%. The firm’s revenue for the quarter was up 49.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.75 earnings per share. On average, equities research analysts predict that National Bank Holdings Co. will post 3.86 earnings per share for the current year.

National Bank Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 15th. Stockholders of record on Friday, February 24th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Thursday, February 23rd. This represents a $1.00 annualized dividend and a dividend yield of 2.72%. National Bank’s dividend payout ratio is currently 45.25%.

Insider Activity

In related news, CEO G. Timothy Laney sold 10,000 shares of the stock in a transaction dated Tuesday, December 13th. The shares were sold at an average price of $42.89, for a total transaction of $428,900.00. Following the completion of the transaction, the chief executive officer now owns 225,023 shares in the company, valued at $9,651,236.47. The transaction was disclosed in a document filed with the SEC, which is available through this link. 4.80% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On National Bank

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NBHC. T. Rowe Price Investment Management Inc. lifted its holdings in shares of National Bank by 13.0% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 3,054,198 shares of the financial services provider’s stock worth $128,491,000 after buying an additional 350,353 shares in the last quarter. Clearbridge Investments LLC purchased a new stake in shares of National Bank in the second quarter worth about $10,999,000. Invesco Ltd. lifted its holdings in shares of National Bank by 239.2% in the first quarter. Invesco Ltd. now owns 257,116 shares of the financial services provider’s stock worth $10,357,000 after buying an additional 181,325 shares in the last quarter. Assenagon Asset Management S.A. purchased a new stake in shares of National Bank in the fourth quarter worth about $6,407,000. Finally, State Street Corp lifted its holdings in shares of National Bank by 11.3% in the first quarter. State Street Corp now owns 1,409,878 shares of the financial services provider’s stock worth $56,790,000 after buying an additional 143,573 shares in the last quarter. Institutional investors own 78.50% of the company’s stock.

About National Bank

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National Bank Holdings Corp. is a bank holding company. The firm engages in the provision of banking products to both commercial and consumer clients. It operates under the following brand names: Bank Midwest in Kansas and Missouri, Community Banks of Colorado in Colorado, and Hillcrest Bank in Texas, Utah and New Mexico.