National Bank Holdings Co. (NYSE:NBHC) Shares Sold by Jane Street Group LLC

Jane Street Group LLC trimmed its position in National Bank Holdings Co. (NYSE:NBHC) by 23.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 22,549 shares of the financial services provider’s stock after selling 6,811 shares during the period. Jane Street Group LLC owned approximately 0.06% of National Bank worth $971,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Assenagon Asset Management S.A. acquired a new position in shares of National Bank in the 4th quarter valued at about $1,790,000. Amundi lifted its position in shares of National Bank by 197.3% during the 4th quarter. Amundi now owns 19,278 shares of the financial services provider’s stock worth $826,000 after purchasing an additional 12,793 shares during the last quarter. Bank of Montreal Can lifted its position in shares of National Bank by 6.8% during the 4th 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 last quarter. Invesco Ltd. raised its holdings in National Bank by 36.8% in the 4th quarter. Invesco Ltd. now owns 231,403 shares of the financial services provider’s stock valued at $9,964,000 after acquiring an additional 62,225 shares in the last quarter. Finally, Barclays PLC raised its holdings in National Bank by 91.9% in the 3rd quarter. Barclays PLC now owns 103,076 shares of the financial services provider’s stock valued at $4,340,000 after acquiring an additional 49,359 shares in the last quarter. Institutional investors and hedge funds own 92.65% of the company’s stock.

National Bank Trading Down 1.1%

NYSE NBHC opened at $36.53 on Friday. The stock’s 50-day moving average is $36.76 and its 200-day moving average is $41.60. The firm has a market cap of $1.39 billion, a P/E ratio of 11.82 and a beta of 0.77. 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 one year low of $32.83 and a one year high of $51.76.

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

National Bank Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $1.20 dividend on an annualized basis and a yield of 3.29%. This is a boost from National Bank’s previous quarterly dividend of $0.29. National Bank’s dividend payout ratio (DPR) is presently 41.38%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on NBHC. DA Davidson lowered their price objective on National Bank from $46.00 to $42.00 and set a “buy” rating on the stock in a research note on Wednesday, April 23rd. Wall Street Zen downgraded National Bank from a “hold” rating to a “sell” rating in a report on Friday, May 2nd. Finally, Hovde Group dropped their price objective on National Bank from $43.00 to $39.00 and set a “market perform” rating for the company in a report on Thursday, April 24th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $46.00.

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.