National Bank Holdings Co. (NYSE:NBHC) Shares Purchased by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans increased its holdings in shares of National Bank Holdings Co. (NYSE:NBHC – Get Rating) by 24.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 38,662 shares of the financial services provider’s stock after acquiring an additional 7,570 shares during the quarter. Thrivent Financial for Lutherans owned about 0.10% of National Bank worth $1,627,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Captrust Financial Advisors boosted its stake in National Bank by 145.4% during the first quarter. Captrust Financial Advisors now owns 1,698 shares of the financial services provider’s stock worth $68,000 after buying an additional 1,006 shares during the last quarter. Point72 Hong Kong Ltd boosted its holdings in National Bank by 2,677.4% in the 1st quarter. Point72 Hong Kong Ltd now owns 1,722 shares of the financial services provider’s stock valued at $69,000 after purchasing an additional 1,660 shares during the last quarter. Silvant Capital Management LLC boosted its holdings in National Bank by 27.9% in the 3rd quarter. Silvant Capital Management LLC now owns 2,458 shares of the financial services provider’s stock valued at $91,000 after purchasing an additional 536 shares during the last quarter. Eagle Bay Advisors LLC boosted its holdings in National Bank by 48.2% in the 4th quarter. Eagle Bay Advisors LLC now owns 3,360 shares of the financial services provider’s stock valued at $141,000 after purchasing an additional 1,093 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in National Bank by 32.1% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,712 shares of the financial services provider’s stock valued at $198,000 after purchasing an additional 1,144 shares during the last quarter. 78.50% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

NBHC has been the topic of several recent analyst reports. Keefe, Bruyette & Woods decreased their price target on National Bank from $49.00 to $40.00 and set a “market perform” rating on the stock in a research note on Thursday, April 6th. StockNews.com initiated coverage on National Bank in a research note on Thursday. They issued a “sell” rating on the stock.

National Bank Stock Performance

Shares of NBHC stock opened at $30.68 on Friday. The firm’s 50 day moving average price is $32.03 and its 200-day moving average price is $39.38. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.00 and a current ratio of 1.01. National Bank Holdings Co. has a one year low of $26.48 and a one year high of $50.00. The firm has a market cap of $1.16 billion, a P/E ratio of 11.49 and a beta of 0.93.

National Bank (NYSE:NBHC – Get Rating) last posted its earnings results on Thursday, April 20th. The financial services provider reported $1.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.00 by $0.06. National Bank had a return on equity of 12.25% and a net margin of 22.64%. The firm had revenue of $109.55 million for the quarter, compared to analyst estimates of $108.49 million. During the same quarter in the prior year, the company earned $0.61 EPS. National Bank’s revenue was up 66.7% on a year-over-year basis. As a group, equities research analysts predict that National Bank Holdings Co. will post 3.72 EPS for the current year.

National Bank Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 15th. Investors of record on Friday, May 26th will be paid a dividend of $0.26 per share. This is a positive change from National Bank’s previous quarterly dividend of $0.25. The ex-dividend date is Thursday, May 25th. This represents a $1.04 annualized dividend and a yield of 3.39%. National Bank’s dividend payout ratio is presently 37.45%.

National Bank Company Profile

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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.