Invesco Ltd. Sells 16,489 Shares of National Bank Holdings Corporation $NBHC

Invesco Ltd. decreased its position in National Bank Holdings Corporation (NYSE:NBHC) by 7.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 214,914 shares of the financial services provider’s stock after selling 16,489 shares during the period. Invesco Ltd. owned approximately 0.56% of National Bank worth $8,225,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. GAMMA Investing LLC lifted its holdings in National Bank by 4,552.1% in the first quarter. GAMMA Investing LLC now owns 20,283 shares of the financial services provider’s stock valued at $776,000 after buying an additional 19,847 shares during the period. Wealth Enhancement Advisory Services LLC acquired a new position in National Bank in the fourth quarter valued at $230,000. SG Americas Securities LLC acquired a new position in National Bank in the first quarter valued at $289,000. Harbor Capital Advisors Inc. acquired a new position in National Bank in the first quarter valued at $526,000. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of National Bank by 2.5% during the first quarter. Charles Schwab Investment Management Inc. now owns 366,070 shares of the financial services provider’s stock valued at $14,009,000 after purchasing an additional 9,021 shares during the period. Institutional investors and hedge funds own 92.65% of the company’s stock.

National Bank Trading Down 0.3%

NBHC opened at $39.2020 on Tuesday. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.93 and a quick ratio of 0.93. National Bank Holdings Corporation has a fifty-two week low of $32.83 and a fifty-two week high of $51.76. The firm has a market capitalization of $1.49 billion, a PE ratio of 12.65 and a beta of 0.77. The company’s 50-day moving average is $38.21 and its 200 day moving average is $38.07.

National Bank (NYSE:NBHC) last posted its 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 analyst estimates of $110.36 million. During the same quarter in the prior year, the business posted $0.68 EPS. The firm’s revenue was up 7.0% compared to the same quarter last year. As a group, research analysts predict that National Bank Holdings Corporation will post 3.31 earnings per share for the current fiscal year.

National Bank Cuts Dividend

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on NBHC shares. DA Davidson upped their price objective on shares of National Bank from $42.00 to $45.00 and gave the company a “buy” rating in a report on Thursday, July 24th. Hovde Group upped their price objective on shares of National Bank from $39.00 to $42.00 and gave the company a “market perform” rating in a report on Thursday, July 24th. Finally, Wall Street Zen upgraded shares of National Bank from a “strong sell” rating to a “hold” rating in a report on Saturday, July 26th. One investment analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $47.20.

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.