National Bank Holdings Corporation $NBHC Shares Sold by American Century Companies Inc.

American Century Companies Inc. cut its holdings in shares of National Bank Holdings Corporation (NYSE:NBHC) by 10.6% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 427,749 shares of the financial services provider’s stock after selling 50,828 shares during the period. American Century Companies Inc. owned about 1.12% of National Bank worth $16,088,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Segall Bryant & Hamill LLC raised its stake in shares of National Bank by 1.2% during the 2nd quarter. Segall Bryant & Hamill LLC now owns 902,490 shares of the financial services provider’s stock valued at $33,943,000 after buying an additional 11,053 shares during the last quarter. Rhumbline Advisers boosted its stake in shares of National Bank by 2.8% in the second quarter. Rhumbline Advisers now owns 117,410 shares of the financial services provider’s stock worth $4,416,000 after buying an additional 3,202 shares during the last quarter. Legal & General Group Plc grew its holdings in National Bank by 1.7% during the second quarter. Legal & General Group Plc now owns 102,475 shares of the financial services provider’s stock worth $3,854,000 after acquiring an additional 1,715 shares during the period. Brandywine Global Investment Management LLC purchased a new position in National Bank during the second quarter valued at approximately $293,000. Finally, Empowered Funds LLC lifted its holdings in National Bank by 2.0% in the second quarter. Empowered Funds LLC now owns 134,364 shares of the financial services provider’s stock valued at $5,053,000 after acquiring an additional 2,634 shares during the period. 92.65% of the stock is owned by hedge funds and other institutional investors.

National Bank Stock Up 0.2%

NBHC stock opened at $37.54 on Wednesday. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.04. The firm has a 50-day moving average of $37.22 and a two-hundred day moving average of $37.78. National Bank Holdings Corporation has a 12 month low of $32.83 and a 12 month high of $48.78. The company has a market cap of $1.42 billion, a price-to-earnings ratio of 11.88 and a beta of 0.81.

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

National Bank Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Friday, November 28th will be issued a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 3.3%. The ex-dividend date is Friday, November 28th. This is an increase from National Bank’s previous quarterly dividend of ($0.30). National Bank’s dividend payout ratio (DPR) is currently 39.24%.

Analyst Ratings Changes

Several equities research analysts have commented on NBHC shares. Zacks Research upgraded National Bank from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 1st. Keefe, Bruyette & Woods boosted 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 restated a “hold (c)” rating on shares of National Bank in a research report on Wednesday, October 8th. Stephens raised shares of National Bank from an “equal weight” rating to an “overweight” rating and set a $42.00 price objective for the company 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 for the company in a research 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’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target 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.