Boston Partners Has $17.37 Million Stake in National Bank Holdings Co. (NYSE:NBHC)

Boston Partners increased its position in shares of National Bank Holdings Co. (NYSE:NBHC) by 90.3% in the 4th quarter, HoldingsChannel.com reports. The firm owned 403,255 shares of the financial services provider’s stock after purchasing an additional 191,336 shares during the quarter. Boston Partners’ holdings in National Bank were worth $17,366,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. State Street Corp lifted its holdings in shares of National Bank by 7.6% during the third quarter. State Street Corp now owns 1,799,224 shares of the financial services provider’s stock worth $75,747,000 after buying an additional 126,796 shares in the last quarter. Geode Capital Management LLC raised its stake in National Bank by 1.1% in the 3rd quarter. Geode Capital Management LLC now owns 861,483 shares of the financial services provider’s stock worth $36,276,000 after purchasing an additional 9,723 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in National Bank by 36.1% in the 3rd quarter. Principal Financial Group Inc. now owns 786,096 shares of the financial services provider’s stock valued at $33,095,000 after purchasing an additional 208,303 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of National Bank by 0.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 357,049 shares of the financial services provider’s stock worth $15,375,000 after purchasing an additional 1,562 shares in the last quarter. Finally, Empowered Funds LLC increased its holdings in shares of National Bank by 5.1% during the fourth quarter. Empowered Funds LLC now owns 129,114 shares of the financial services provider’s stock worth $5,560,000 after purchasing an additional 6,220 shares during the period. 92.65% of the stock is currently owned by institutional investors.

National Bank Trading Down 1.4 %

Shares of National Bank stock opened at $39.32 on Friday. The firm’s 50 day moving average is $41.96 and its 200 day moving average is $43.51. The firm has a market capitalization of $1.50 billion, a PE ratio of 12.72 and a beta of 0.86. National Bank Holdings Co. has a 1 year low of $32.13 and a 1 year high of $51.76. The company has a current ratio of 0.95, a quick ratio of 0.94 and a debt-to-equity ratio of 0.08.

National Bank (NYSE:NBHC) last posted its earnings results on Wednesday, January 22nd. The financial services provider reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.07. National Bank had a net margin of 19.82% and a return on equity of 9.76%. Equities research analysts forecast that National Bank Holdings Co. will post 3.31 earnings per share for the current fiscal year.

National Bank Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.95%. The ex-dividend date of this dividend was Friday, February 28th. National Bank’s payout ratio is 37.54%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on NBHC. StockNews.com raised National Bank from a “sell” rating to a “hold” rating in a report on Wednesday. Keefe, Bruyette & Woods upped their price objective on shares of National Bank from $47.00 to $52.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $51.40.

National Bank 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.