Deutsche Bank AG Sells 2,082 Shares of National Bank Holdings Corporation $NBHC

Deutsche Bank AG reduced its stake in shares of National Bank Holdings Corporation (NYSE:NBHC) by 6.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,985 shares of the financial services provider’s stock after selling 2,082 shares during the quarter. Deutsche Bank AG owned about 0.07% of National Bank worth $1,071,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. CWM LLC lifted 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 worth $30,000 after buying an additional 480 shares in the last quarter. Quarry LP raised its position 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 worth $42,000 after acquiring an additional 810 shares during the last quarter. Aquatic Capital Management LLC acquired a new position in shares of National Bank during the fourth quarter valued at $174,000. Wealth Enhancement Advisory Services LLC acquired a new position in shares of National Bank during the fourth quarter valued at $230,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new position in National Bank in the first quarter valued at about $217,000. Institutional investors and hedge funds 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 company has a 50 day moving average price of $38.15 and a two-hundred day moving average price of $38.10. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.93 and a current ratio of 0.93. The company has a market capitalization of $1.49 billion, a PE ratio of 12.67 and a beta of 0.77. National Bank Holdings Corporation has a 52 week low of $32.83 and a 52 week high of $51.76.

National Bank (NYSE:NBHC) last announced its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $0.88 earnings per share for the quarter, topping analysts’ consensus estimates of $0.82 by $0.06. National Bank had a net margin of 20.02% and a return on equity of 9.44%. The company had revenue of $104.48 million for the quarter, compared to analysts’ expectations of $110.36 million. During the same period last year, the firm posted $0.68 earnings per share. The business’s quarterly revenue was up 7.0% compared to the same quarter last year. Analysts forecast that National Bank Holdings Corporation will post 3.31 earnings per share for the current year.

National Bank Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, August 29th will be given 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%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on NBHC. DA Davidson boosted their price objective on National Bank from $42.00 to $45.00 and gave the stock a “buy” rating in a report on Thursday, July 24th. Hovde Group lifted their price target 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, Wall Street Zen raised shares of National Bank from a “strong sell” rating to a “hold” rating in a research note on Saturday, July 26th. One analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, National Bank currently has a consensus rating of “Hold” and a consensus 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.