Boston Partners Lowers Holdings in National Bank Holdings Corporation $NBHC

Boston Partners decreased its holdings in shares of National Bank Holdings Corporation (NYSE:NBHC) by 10.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 506,556 shares of the financial services provider’s stock after selling 60,594 shares during the period. Boston Partners owned approximately 1.33% of National Bank worth $19,051,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. CWM LLC grew 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 buying an additional 480 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of National Bank in the first quarter valued at $217,000. Westwood Holdings Group Inc. boosted its holdings in National Bank by 30.1% in the first quarter. Westwood Holdings Group Inc. now owns 1,450,227 shares of the financial services provider’s stock valued at $55,500,000 after purchasing an additional 335,741 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position 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 worth $14,009,000 after purchasing an additional 9,021 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of National Bank by 22.9% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 14,274 shares of the financial services provider’s stock worth $546,000 after buying an additional 2,657 shares during the last quarter. Institutional investors and hedge funds own 92.65% of the company’s stock.

National Bank Stock Down 1.2%

NYSE:NBHC opened at $37.21 on Friday. The stock’s fifty day simple moving average is $37.29 and its 200-day simple moving average is $37.80. National Bank Holdings Corporation has a 12-month low of $32.83 and a 12-month high of $48.78. The firm has a market capitalization of $1.41 billion, a P/E ratio of 11.78 and a beta of 0.80. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.04.

National Bank (NYSE:NBHC) last issued its earnings results on Thursday, August 14th. The financial services provider reported $0.63 EPS for the quarter. The firm had revenue of $102.07 million during the quarter. National Bank had a net margin of 20.50% and a return on equity of 9.56%. Equities research analysts expect that National Bank Holdings Corporation will post 3.31 earnings per share for the current year.

National Bank Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Friday, November 28th will be paid a $0.31 dividend. The ex-dividend date of this dividend is Friday, November 28th. This represents a $1.24 annualized dividend and a dividend yield of 3.3%. This is a positive change from National Bank’s previous quarterly dividend of ($0.30). National Bank’s dividend payout ratio (DPR) is 37.97%.

Analyst Ratings Changes

A number of brokerages recently issued reports on NBHC. Zacks Research upgraded shares of National Bank from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 1st. Keefe, Bruyette & Woods lifted their target price on shares of National Bank from $44.00 to $45.00 and gave the company a “market perform” rating in a research note on Wednesday, September 17th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of National Bank in a research note on Wednesday, October 8th. Stephens upgraded shares of National Bank from an “equal weight” rating to an “overweight” rating and set a $42.00 target price on the stock in a report on Monday, November 10th. Finally, Hovde Group upgraded shares of National Bank from a “market perform” rating to an “outperform” rating and set a $46.00 price objective on the stock in a report on Thursday, September 18th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $44.50.

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.