Amalgamated Bank Trims Stock Position in National Bank Holdings Corporation (NYSE:NBHC)

Amalgamated Bank lessened its position in shares of National Bank Holdings Corporation (NYSE:NBHC) by 3.4% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 10,811 shares of the financial services provider’s stock after selling 382 shares during the quarter. Amalgamated Bank’s holdings in National Bank were worth $414,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in NBHC. Boston Partners raised its position in shares of National Bank by 90.3% during the 4th quarter. Boston Partners now owns 403,255 shares of the financial services provider’s stock valued at $17,366,000 after buying an additional 191,336 shares during the period. JPMorgan Chase & Co. boosted its stake in National Bank by 74.7% during the fourth quarter. JPMorgan Chase & Co. now owns 331,546 shares of the financial services provider’s stock worth $14,276,000 after buying an additional 141,716 shares during the period. Tudor Investment Corp ET AL boosted its stake in National Bank by 1,207.4% during the fourth quarter. Tudor Investment Corp ET AL now owns 70,076 shares of the financial services provider’s stock worth $3,017,000 after buying an additional 64,716 shares during the period. Invesco Ltd. boosted its stake in National Bank by 36.8% during the fourth quarter. Invesco Ltd. now owns 231,403 shares of the financial services provider’s stock worth $9,964,000 after buying an additional 62,225 shares during the period. Finally, First Trust Advisors LP boosted its stake in National Bank by 46.4% during the fourth quarter. First Trust Advisors LP now owns 132,423 shares of the financial services provider’s stock worth $5,702,000 after buying an additional 41,986 shares during the period. Hedge funds and other institutional investors own 92.65% of the company’s stock.

National Bank Stock Up 2.1%

National Bank stock opened at $40.18 on Friday. National Bank Holdings Corporation has a twelve month low of $32.83 and a twelve month high of $51.76. The stock’s fifty day simple moving average is $37.35 and its 200-day simple moving average is $39.20. The company has a current ratio of 0.93, a quick ratio of 0.92 and a debt-to-equity ratio of 0.10. The firm has a market capitalization of $1.53 billion, a P/E ratio of 13.86 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 analysts’ consensus estimates of $0.76 by ($0.13). National Bank had a return on equity of 9.02% and a net margin of 18.75%. The company had revenue of $102.07 million for the quarter, compared to analysts’ expectations of $107.47 million. During the same period in the prior year, the company posted $0.82 EPS. As a group, equities analysts expect that National Bank Holdings Corporation will post 3.31 earnings per share for the current fiscal year.

National Bank Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 30th were given a dividend of $0.30 per share. The ex-dividend date was Friday, May 30th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.99%. This is a positive change from National Bank’s previous quarterly dividend of $0.29. National Bank’s dividend payout ratio is currently 41.38%.

Analyst Upgrades and Downgrades

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