Invesco Ltd. Buys 62,225 Shares of National Bank Holdings Co. (NYSE:NBHC)

Invesco Ltd. raised its stake in shares of National Bank Holdings Co. (NYSE:NBHC) by 36.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 231,403 shares of the financial services provider’s stock after purchasing an additional 62,225 shares during the quarter. Invesco Ltd. owned 0.61% of National Bank worth $9,964,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. KBC Group NV grew its position in National Bank by 82.5% during the fourth quarter. KBC Group NV now owns 2,389 shares of the financial services provider’s stock worth $103,000 after buying an additional 1,080 shares in the last quarter. Handelsbanken Fonder AB bought a new stake in shares of National Bank during the fourth quarter valued at approximately $224,000. Meeder Asset Management Inc. raised its stake in shares of National Bank by 390.5% in the fourth quarter. Meeder Asset Management Inc. now owns 6,509 shares of the financial services provider’s stock valued at $280,000 after purchasing an additional 5,182 shares in the last quarter. Bank of Montreal Can lifted its position in National Bank by 6.8% in the fourth quarter. Bank of Montreal Can now owns 7,098 shares of the financial services provider’s stock worth $306,000 after purchasing an additional 455 shares during the period. Finally, KLP Kapitalforvaltning AS acquired a new stake in National Bank during the fourth quarter worth $362,000. Institutional investors and hedge funds own 92.65% of the company’s stock.

National Bank Stock Up 2.4 %

NBHC opened at $36.60 on Wednesday. National Bank Holdings Co. has a twelve month low of $32.69 and a twelve month high of $51.76. The firm has a market cap of $1.39 billion, a price-to-earnings ratio of 11.84 and a beta of 0.77. The firm’s 50-day simple moving average is $38.58 and its 200-day simple moving average is $42.60. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.94 and a current ratio of 0.95.

National Bank (NYSE:NBHC) last posted its quarterly earnings data on Tuesday, April 22nd. The financial services provider reported $0.63 earnings per share for the quarter, missing the consensus estimate of $0.76 by ($0.13). The firm had revenue of $102.07 million for the quarter, compared to analyst estimates of $107.47 million. National Bank had a return on equity of 9.76% and a net margin of 19.82%. During the same period in the previous year, the business posted $0.82 EPS. Equities research analysts anticipate that National Bank Holdings Co. will post 3.31 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on NBHC shares. Hovde Group reduced their price objective on shares of National Bank from $48.00 to $43.00 and set a “market perform” rating for the company in a report on Wednesday, April 2nd. StockNews.com upgraded shares of National Bank from a “sell” rating to a “hold” rating in a research note on Friday, April 11th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $49.00.

National Bank Company Profile

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.