National Bank Holdings Co. (NYSE:NBHC) Shares Bought by Deutsche Bank AG

Deutsche Bank AG increased its position in National Bank Holdings Co. (NYSE:NBHC) by 60.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 30,067 shares of the financial services provider’s stock after acquiring an additional 11,318 shares during the period. Deutsche Bank AG owned approximately 0.08% of National Bank worth $1,295,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Quarry LP grew its position in National Bank by 503.1% in the 4th quarter. Quarry LP now owns 971 shares of the financial services provider’s stock worth $42,000 after purchasing an additional 810 shares during the last quarter. Sterling Capital Management LLC raised its holdings in shares of National Bank by 815.5% during the fourth quarter. Sterling Capital Management LLC now owns 1,181 shares of the financial services provider’s stock valued at $51,000 after buying an additional 1,052 shares during the last quarter. KBC Group NV boosted its position in shares of 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 during the period. Aquatic Capital Management LLC bought a new position in National Bank in the 4th quarter worth approximately $174,000. Finally, Handelsbanken Fonder AB acquired a new stake in National Bank in the 4th quarter valued at approximately $224,000. Institutional investors and hedge funds own 92.65% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on NBHC. Hovde Group reduced their price target on National Bank from $43.00 to $39.00 and set a “market perform” rating for the company in a research report on Thursday, April 24th. Wall Street Zen lowered National Bank from a “hold” rating to a “sell” rating in a report on Friday, May 2nd. Finally, DA Davidson reduced their price objective on shares of National Bank from $46.00 to $42.00 and set a “buy” rating for the company in a report on Wednesday, April 23rd. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $46.00.

National Bank Price Performance

NBHC stock opened at $36.52 on Monday. National Bank Holdings Co. has a one year low of $32.83 and a one year high of $51.76. The firm has a 50-day moving average of $36.70 and a two-hundred day moving average of $41.42. The firm has a market capitalization of $1.39 billion, a PE ratio of 11.82 and a beta of 0.77. The company has a current ratio of 0.95, a quick ratio of 0.94 and a debt-to-equity ratio of 0.08.

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). National Bank had a net margin of 19.82% and a return on equity of 9.76%. The business had revenue of $102.07 million during the quarter, compared to analysts’ expectations of $107.47 million. During the same quarter in the previous year, the company earned $0.82 EPS. On average, analysts forecast that National Bank Holdings Co. will post 3.31 earnings per share for the current year.

National Bank Increases Dividend

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

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.