5,331 Shares in National Bank Holdings Co. (NYSE:NBHC) Bought by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC acquired a new position in National Bank Holdings Co. (NYSE:NBHC) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 5,331 shares of the financial services provider’s stock, valued at approximately $230,000.

Several other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in National Bank by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 4,230,384 shares of the financial services provider’s stock valued at $182,160,000 after buying an additional 35,910 shares during the period. Dimensional Fund Advisors LP increased its position in shares of National Bank by 1.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,089,730 shares of the financial services provider’s stock worth $89,984,000 after acquiring an additional 32,983 shares in the last quarter. Northern Trust Corp increased its position in shares of National Bank by 7.3% during the fourth quarter. Northern Trust Corp now owns 440,106 shares of the financial services provider’s stock worth $18,951,000 after acquiring an additional 29,823 shares in the last quarter. Boston Partners increased its position in shares of National Bank by 90.3% during the fourth quarter. Boston Partners now owns 403,255 shares of the financial services provider’s stock worth $17,366,000 after acquiring an additional 191,336 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of National Bank by 0.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 357,049 shares of the financial services provider’s stock worth $15,375,000 after acquiring an additional 1,562 shares in the last quarter. Institutional investors own 92.65% of the company’s stock.

National Bank Price Performance

Shares of NYSE:NBHC opened at $36.04 on Tuesday. 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. The company’s fifty day moving average price is $36.39 and its 200-day moving average price is $40.09. The firm has a market capitalization of $1.37 billion, a price-to-earnings ratio of 11.66 and a beta of 0.77.

National Bank (NYSE:NBHC) last posted its earnings results on Tuesday, April 22nd. The financial services provider reported $0.63 EPS 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 during the quarter, compared to analysts’ expectations of $107.47 million. During the same period in the prior year, the business posted $0.82 earnings per share. On average, equities research analysts anticipate that National Bank Holdings Co. will post 3.31 earnings per share for the current fiscal year.

National Bank Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 30th were paid a $0.30 dividend. The ex-dividend date of this dividend was 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 dividend yield of 3.33%. National Bank’s payout ratio is currently 41.38%.

Analyst Ratings Changes

A number of brokerages have issued reports on NBHC. Hovde Group reduced their price objective on shares of 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. DA Davidson dropped their price target on shares of National Bank from $46.00 to $42.00 and set a “buy” rating on the stock in a research note on Wednesday, April 23rd. Finally, Wall Street Zen cut shares of National Bank from a “hold” rating to a “sell” rating in a research note on Friday, May 2nd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, National Bank has an average rating of “Hold” and a consensus 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.