Bank of New York Mellon Corp Has $16 Million Stock Position in National Bank Holdings Corporation (NYSE:NBHC)

Bank of New York Mellon Corp lessened its position in shares of National Bank Holdings Corporation (NYSE:NBHC) by 33.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 418,074 shares of the financial services provider’s stock after selling 214,312 shares during the quarter. Bank of New York Mellon Corp owned approximately 1.10% of National Bank worth $16,000,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of NBHC. Quarry LP increased its position in shares of National Bank by 503.1% during 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 in the last quarter. Sterling Capital Management LLC boosted its holdings in shares of National Bank by 815.5% in the 4th quarter. Sterling Capital Management LLC now owns 1,181 shares of the financial services provider’s stock worth $51,000 after acquiring an additional 1,052 shares in the last quarter. Aquatic Capital Management LLC bought a new stake in National Bank during the 4th quarter worth approximately $174,000. Wealth Enhancement Advisory Services LLC acquired a new stake in National Bank during the 4th quarter valued at $230,000. Finally, iSAM Funds UK Ltd bought a new position in National Bank in the 4th quarter valued at $246,000. 92.65% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

NBHC has been the subject of several research reports. 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 report on Wednesday, April 23rd. Wall Street Zen downgraded National Bank from a “hold” rating to a “sell” rating in a research note on Friday, May 2nd. Finally, Hovde Group dropped their price target on shares of 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 analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, National Bank presently has a consensus rating of “Hold” and a consensus target price of $46.00.

National Bank Trading Down 0.8%

Shares of NBHC stock opened at $39.74 on Friday. The firm has a market cap of $1.51 billion, a P/E ratio of 13.70 and a beta of 0.77. The company has a quick ratio of 0.92, a current ratio of 0.93 and a debt-to-equity ratio of 0.10. National Bank Holdings Corporation has a 12-month low of $32.83 and a 12-month high of $51.76. The business has a 50-day moving average price of $37.73 and a two-hundred day moving average price of $39.02.

National Bank (NYSE:NBHC) last announced its quarterly 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 during the quarter, compared to the consensus estimate of $107.47 million. National Bank had a return on equity of 9.02% and a net margin of 18.75%. During the same period last year, the business earned $0.82 EPS. Equities analysts anticipate that National Bank Holdings Corporation will post 3.31 EPS 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 issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, May 30th. This is an increase from National Bank’s previous quarterly dividend of $0.29. This represents a $1.20 annualized dividend and a dividend yield of 3.02%. National Bank’s dividend payout ratio (DPR) is presently 41.38%.

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.