California State Teachers Retirement System Sells 351 Shares of National Bank Holdings Co. (NYSE:NBHC)

California State Teachers Retirement System cut its stake in shares of National Bank Holdings Co. (NYSE:NBHC) by 1.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 35,373 shares of the financial services provider’s stock after selling 351 shares during the quarter. California State Teachers Retirement System owned 0.09% of National Bank worth $1,523,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Quarry LP boosted its stake in shares of National Bank by 503.1% during the fourth quarter. Quarry LP now owns 971 shares of the financial services provider’s stock valued at $42,000 after purchasing an additional 810 shares during the period. Sterling Capital Management LLC increased its stake in shares of National Bank by 815.5% in the fourth quarter. Sterling Capital Management LLC now owns 1,181 shares of the financial services provider’s stock worth $51,000 after buying an additional 1,052 shares during the period. KBC Group NV raised its holdings in National Bank by 82.5% during the 4th quarter. KBC Group NV now owns 2,389 shares of the financial services provider’s stock valued at $103,000 after buying an additional 1,080 shares during the last quarter. Aquatic Capital Management LLC purchased a new stake in National Bank during the 4th quarter valued at $174,000. Finally, Handelsbanken Fonder AB bought a new stake in National Bank in the 4th quarter worth $224,000. 92.65% of the stock is currently owned by institutional investors.

National Bank Trading Up 1.8%

Shares of NBHC opened at $37.00 on Monday. National Bank Holdings Co. has a 1-year low of $32.83 and a 1-year high of $51.76. The company has a current ratio of 0.95, a quick ratio of 0.94 and a debt-to-equity ratio of 0.08. The firm’s 50-day moving average price is $36.17 and its 200-day moving average price is $40.58. The firm has a market capitalization of $1.41 billion, a price-to-earnings ratio of 11.97 and a beta of 0.77.

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). National Bank had a net margin of 19.82% and a return on equity of 9.76%. The firm had revenue of $102.07 million for the quarter, compared to the consensus estimate of $107.47 million. During the same period in the previous year, the firm posted $0.82 earnings per share. Sell-side analysts anticipate that National Bank Holdings Co. will post 3.31 EPS for the current year.

National Bank Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, May 30th. This is a positive change from National Bank’s previous quarterly dividend of $0.29. This represents a $1.20 annualized dividend and a dividend yield of 3.24%. National Bank’s payout ratio is currently 41.38%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. DA Davidson lowered their price objective 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, 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 research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $46.00.

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.