Bank of Montreal Can Has $306,000 Stock Holdings in National Bank Holdings Co. (NYSE:NBHC)

Bank of Montreal Can raised its stake in shares of National Bank Holdings Co. (NYSE:NBHC) by 6.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,098 shares of the financial services provider’s stock after buying an additional 455 shares during the period. Bank of Montreal Can’s holdings in National Bank were worth $306,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Wells Fargo & Company MN increased its stake in shares of National Bank by 27.1% in the fourth quarter. Wells Fargo & Company MN now owns 22,121 shares of the financial services provider’s stock worth $953,000 after purchasing an additional 4,719 shares during the period. Franklin Resources Inc. grew its position in National Bank by 216.8% in the 4th quarter. Franklin Resources Inc. now owns 33,945 shares of the financial services provider’s stock worth $1,462,000 after purchasing an additional 23,230 shares during the last quarter. Meeder Asset Management Inc. increased its holdings in shares of National Bank by 390.5% during the 4th quarter. Meeder Asset Management Inc. now owns 6,509 shares of the financial services provider’s stock worth $280,000 after purchasing an additional 5,182 shares during the period. JPMorgan Chase & Co. raised its position in shares of National Bank by 74.7% during the fourth quarter. JPMorgan Chase & Co. now owns 331,546 shares of the financial services provider’s stock valued at $14,276,000 after buying an additional 141,716 shares during the last quarter. Finally, Vanguard Group Inc. raised its holdings in National Bank by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 4,230,384 shares of the financial services provider’s stock valued at $182,160,000 after acquiring an additional 35,910 shares in the last quarter. 92.65% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. DA Davidson cut their price target on shares of National Bank from $46.00 to $42.00 and set a “buy” rating for the company in a research note on Wednesday. Hovde Group lowered their target price on 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. Finally, StockNews.com lowered shares of National Bank from a “hold” rating to a “sell” rating in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $46.80.

National Bank Stock Down 6.5 %

NYSE:NBHC opened at $34.23 on Thursday. The company has a market cap of $1.30 billion, a PE ratio of 11.08 and a beta of 0.77. National Bank Holdings Co. has a 52-week low of $32.69 and a 52-week high of $51.76. The stock has a 50-day simple moving average of $38.40 and a 200 day simple moving average of $42.54. 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 results 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). National Bank had a return on equity of 9.76% and a net margin of 19.82%. The company had revenue of $102.07 million for the quarter, compared to analyst estimates of $107.47 million. During the same period last year, the firm earned $0.82 EPS. On average, sell-side analysts expect that National Bank Holdings Co. will post 3.31 EPS for the current fiscal year.

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.