American Century Companies Inc. Sells 8,565 Shares of National Bank Holdings Corporation $NBHC

American Century Companies Inc. decreased its holdings in shares of National Bank Holdings Corporation (NYSE:NBHC) by 1.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 478,577 shares of the financial services provider’s stock after selling 8,565 shares during the quarter. American Century Companies Inc. owned about 1.26% of National Bank worth $18,315,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. CWM LLC raised its holdings in National Bank by 158.4% during the 1st quarter. CWM LLC now owns 783 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 480 shares during the period. Quarry LP grew 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 valued at $42,000 after purchasing an additional 810 shares in the last quarter. Aquatic Capital Management LLC purchased a new position in shares of National Bank during the 4th quarter valued at $174,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of National Bank during the 1st quarter valued at $217,000. Finally, Wealth Enhancement Advisory Services LLC purchased a new position in shares of National Bank during the 4th quarter valued at $230,000. Institutional investors own 92.65% of the company’s stock.

National Bank Stock Up 4.2%

Shares of NYSE NBHC opened at $39.2670 on Monday. The firm’s fifty day moving average is $38.15 and its 200 day moving average is $38.10. National Bank Holdings Corporation has a 52 week low of $32.83 and a 52 week high of $51.76. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.18. The company has a market cap of $1.49 billion, a price-to-earnings ratio of 12.67 and a beta of 0.77.

National Bank (NYSE:NBHC) last released its quarterly earnings data on Tuesday, July 22nd. The financial services provider reported $0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.06. The firm had revenue of $104.48 million for the quarter, compared to analysts’ expectations of $110.36 million. National Bank had a net margin of 20.02% and a return on equity of 9.44%. The company’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.68 earnings per share. On average, equities research analysts expect that National Bank Holdings Corporation will post 3.31 earnings per share for the current year.

National Bank Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, August 29th will be paid a dividend of $-0.30 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a ($1.20) dividend on an annualized basis and a dividend yield of -3.1%. National Bank’s dividend payout ratio (DPR) is currently 38.71%.

Analysts Set New Price Targets

NBHC has been the subject of several research reports. Wall Street Zen upgraded shares of National Bank from a “strong sell” rating to a “hold” rating in a research report on Saturday, July 26th. Hovde Group upped their target price on shares of National Bank from $39.00 to $42.00 and gave the stock a “market perform” rating in a research report on Thursday, July 24th. Finally, DA Davidson upped their target price on shares of National Bank from $42.00 to $45.00 and gave the stock a “buy” rating in a research report on Thursday, July 24th. One equities research analyst has rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $47.20.

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.