Russell Investments Group Ltd. Raises Holdings in National Bank Holdings Corp (NBHC)

Russell Investments Group Ltd. boosted its position in shares of National Bank Holdings Corp (NYSE:NBHC) by 14.0% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 278,496 shares of the financial services provider’s stock after acquiring an additional 34,124 shares during the quarter. Russell Investments Group Ltd. owned about 1.04% of National Bank worth $9,937,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of NBHC. Vanguard Group Inc. raised its stake in shares of National Bank by 2.7% during the 2nd quarter. Vanguard Group Inc. now owns 2,577,232 shares of the financial services provider’s stock valued at $85,332,000 after buying an additional 68,938 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of National Bank by 0.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,250,544 shares of the financial services provider’s stock valued at $74,516,000 after buying an additional 15,887 shares during the last quarter. Renaissance Technologies LLC raised its stake in shares of National Bank by 0.9% during the 2nd quarter. Renaissance Technologies LLC now owns 1,154,900 shares of the financial services provider’s stock valued at $38,239,000 after buying an additional 10,600 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of National Bank by 2.3% during the 3rd quarter. Bank of New York Mellon Corp now owns 623,391 shares of the financial services provider’s stock valued at $22,249,000 after buying an additional 14,163 shares during the last quarter. Finally, Thrivent Financial For Lutherans raised its stake in shares of National Bank by 0.4% during the 2nd quarter. Thrivent Financial For Lutherans now owns 604,230 shares of the financial services provider’s stock valued at $20,006,000 after buying an additional 2,230 shares during the last quarter. 95.65% of the stock is owned by institutional investors.

Shares of National Bank Holdings Corp (NYSE NBHC) traded up $0.02 during trading on Tuesday, hitting $33.65. The company had a trading volume of 120,400 shares, compared to its average volume of 114,747. The company has a current ratio of 0.83, a quick ratio of 0.82 and a debt-to-equity ratio of 0.23. National Bank Holdings Corp has a 1 year low of $29.18 and a 1 year high of $37.08. The stock has a market cap of $902.90, a price-to-earnings ratio of 26.90, a PEG ratio of 2.79 and a beta of 0.65.

National Bank (NYSE:NBHC) last announced its quarterly earnings results on Wednesday, October 18th. The financial services provider reported $0.26 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by ($0.04). National Bank had a net margin of 17.13% and a return on equity of 6.40%. The business had revenue of $47.45 million during the quarter, compared to analysts’ expectations of $48.90 million. During the same quarter in the prior year, the firm earned $0.30 EPS. sell-side analysts anticipate that National Bank Holdings Corp will post 1.21 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, November 24th will be paid a $0.09 dividend. The ex-dividend date of this dividend is Wednesday, November 22nd. This represents a $0.36 annualized dividend and a dividend yield of 1.07%. National Bank’s dividend payout ratio is presently 28.80%.

NBHC has been the subject of a number of recent research reports. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $35.00 price objective on shares of National Bank in a research note on Friday, October 20th. Zacks Investment Research lowered National Bank from a “buy” rating to a “hold” rating in a research note on Wednesday, August 30th. BidaskClub upgraded National Bank from a “sell” rating to a “hold” rating in a research note on Saturday, September 23rd. Finally, Sandler O’Neill upgraded National Bank from a “hold” rating to a “buy” rating and set a $36.00 price target for the company in a research note on Friday, August 18th. Two analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. National Bank has an average rating of “Hold” and an average target price of $35.00.

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National Bank Company Profile

National Bank Holdings Corporation (NBH) is a bank holding company. Through Bank Midwest, N.A. (Bank Midwest), NBH’s primary business is to offer a range of products and financial services to both its commercial and consumer customers, located in Kansas, Missouri and Colorado. The Company offers an array of lending products to cater to the customers’ needs, including, but not limited to, small business loans, equipment loans, term loans, asset-backed loans, letters of credit, commercial lines of credit, residential mortgage loans, home equity and consumer loans.

Institutional Ownership by Quarter for National Bank (NYSE:NBHC)

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