Swiss National Bank Raises Position in National Bank Holdings Co. (NYSE:NBHC)

Swiss National Bank boosted its stake in National Bank Holdings Co. (NYSE:NBHC – Get Rating) by 1.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 72,600 shares of the financial services provider’s stock after buying an additional 1,300 shares during the quarter. Swiss National Bank owned approximately 0.19% of National Bank worth $3,054,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Russell Investments Group Ltd. raised its holdings in National Bank by 0.8% in the 4th quarter. Russell Investments Group Ltd. now owns 262,404 shares of the financial services provider’s stock valued at $11,039,000 after acquiring an additional 2,044 shares during the last quarter. Boston Partners increased its holdings in National Bank by 6.9% in the 4th quarter. Boston Partners now owns 55,401 shares of the financial services provider’s stock valued at $2,331,000 after purchasing an additional 3,568 shares during the last quarter. Arizona State Retirement System boosted its position in National Bank by 3.9% in the 4th quarter. Arizona State Retirement System now owns 8,487 shares of the financial services provider’s stock valued at $357,000 after buying an additional 321 shares during the period. Texas Permanent School Fund boosted its position in National Bank by 17.1% in the 4th quarter. Texas Permanent School Fund now owns 25,339 shares of the financial services provider’s stock valued at $1,066,000 after buying an additional 3,703 shares during the period. Finally, LPL Financial LLC boosted its position in National Bank by 29.3% in the 4th quarter. LPL Financial LLC now owns 8,892 shares of the financial services provider’s stock valued at $374,000 after buying an additional 2,015 shares during the period. 78.50% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

NBHC has been the subject of several recent research reports. Keefe, Bruyette & Woods decreased their price target on shares of National Bank from $49.00 to $40.00 and set a “market perform” rating for the company in a research report on Thursday, April 6th. StockNews.com initiated coverage on shares of National Bank in a research report on Thursday, May 18th. They issued a “sell” rating for the company.

National Bank Price Performance

Shares of NYSE:NBHC opened at $31.62 on Tuesday. The company has a 50-day moving average price of $32.03 and a 200 day moving average price of $39.32. National Bank Holdings Co. has a 52 week low of $26.48 and a 52 week high of $50.00. The company has a quick ratio of 1.00, a current ratio of 1.01 and a debt-to-equity ratio of 0.93. The company has a market cap of $1.19 billion, a P/E ratio of 11.84 and a beta of 0.93.

National Bank (NYSE:NBHC – Get Rating) last posted its quarterly earnings results on Thursday, April 20th. The financial services provider reported $1.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.00 by $0.06. National Bank had a net margin of 22.64% and a return on equity of 12.25%. The company had revenue of $109.55 million during the quarter, compared to the consensus estimate of $108.49 million. During the same period last year, the firm earned $0.61 EPS. The company’s revenue for the quarter was up 66.7% on a year-over-year basis. Research analysts predict that National Bank Holdings Co. will post 3.72 earnings per share for the current year.

National Bank Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 15th. Stockholders of record on Friday, May 26th will be paid a dividend of $0.26 per share. The ex-dividend date is Thursday, May 25th. This is a boost from National Bank’s previous quarterly dividend of $0.25. This represents a $1.04 annualized dividend and a dividend yield of 3.29%. National Bank’s payout ratio is currently 37.45%.

About National Bank

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National Bank Holdings Corp. is a bank holding company. The firm engages in the provision of banking products to both commercial and consumer clients. It operates under the following brand names: Bank Midwest in Kansas and Missouri, Community Banks of Colorado in Colorado, and Hillcrest Bank in Texas, Utah and New Mexico.