Alliancebernstein L.P. Reduces Holdings in National Bank Holdings Co. (NYSE:NBHC)

Alliancebernstein L.P. cut its position in National Bank Holdings Co. (NYSE:NBHC) by 2.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 41,750 shares of the financial services provider’s stock after selling 990 shares during the quarter. Alliancebernstein L.P. owned 0.11% of National Bank worth $1,798,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the company. Assenagon Asset Management S.A. purchased a new position in National Bank in the 4th quarter valued at about $1,790,000. Amundi boosted its holdings in National Bank by 197.3% in the fourth quarter. Amundi now owns 19,278 shares of the financial services provider’s stock valued at $826,000 after purchasing an additional 12,793 shares during the last quarter. Geode Capital Management LLC grew its stake in National Bank by 1.1% during the 3rd quarter. Geode Capital Management LLC now owns 861,483 shares of the financial services provider’s stock valued at $36,276,000 after purchasing an additional 9,723 shares in the last quarter. Barclays PLC increased its holdings in National Bank by 91.9% during the 3rd quarter. Barclays PLC now owns 103,076 shares of the financial services provider’s stock worth $4,340,000 after purchasing an additional 49,359 shares during the last quarter. Finally, Rosenthal Henry Capital Advisors Inc. acquired a new position in shares of National Bank in the 4th quarter valued at approximately $981,000. 92.65% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Hovde Group dropped their price target on shares of National Bank from $48.00 to $43.00 and set a “market perform” rating for the company in a research note on Wednesday, April 2nd. StockNews.com raised shares of National Bank from a “sell” rating to a “hold” rating in a report on Friday, April 11th. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, National Bank presently has an average rating of “Hold” and an average target price of $49.00.

National Bank Stock Performance

National Bank stock opened at $35.48 on Friday. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.95 and a quick ratio of 0.94. National Bank Holdings Co. has a 12 month low of $32.63 and a 12 month high of $51.76. The company has a fifty day moving average price of $39.01 and a two-hundred day moving average price of $42.68. The company has a market cap of $1.35 billion, a PE ratio of 11.48 and a beta of 0.77.

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

National Bank Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were issued a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 3.27%. The ex-dividend date was Friday, February 28th. National Bank’s dividend payout ratio (DPR) is 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.