Federated Investors Inc. PA Decreases Holdings in National Bank Holdings Corp (NYSE:NBHC)

Federated Investors Inc. PA cut its stake in shares of National Bank Holdings Corp (NYSE:NBHC) by 0.4% in the first quarter, Holdings Channel reports. The institutional investor owned 283,247 shares of the financial services provider’s stock after selling 1,080 shares during the quarter. Federated Investors Inc. PA’s holdings in National Bank were worth $9,421,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. BlackRock Inc. raised its stake in National Bank by 1.0% during the 1st quarter. BlackRock Inc. now owns 4,018,816 shares of the financial services provider’s stock valued at $133,665,000 after buying an additional 39,923 shares during the last quarter. Millennium Management LLC raised its stake in National Bank by 46.9% during the 4th quarter. Millennium Management LLC now owns 470,280 shares of the financial services provider’s stock valued at $14,518,000 after buying an additional 150,170 shares during the last quarter. Deprince Race & Zollo Inc. raised its stake in National Bank by 2.8% during the 4th quarter. Deprince Race & Zollo Inc. now owns 425,354 shares of the financial services provider’s stock valued at $13,131,000 after buying an additional 11,768 shares during the last quarter. Boston Partners raised its stake in National Bank by 16.9% during the 1st quarter. Boston Partners now owns 406,527 shares of the financial services provider’s stock valued at $13,521,000 after buying an additional 58,855 shares during the last quarter. Finally, Segall Bryant & Hamill LLC raised its stake in National Bank by 30.8% during the 4th quarter. Segall Bryant & Hamill LLC now owns 358,099 shares of the financial services provider’s stock valued at $11,055,000 after buying an additional 84,219 shares during the last quarter. Institutional investors and hedge funds own 93.87% of the company’s stock.

Shares of NBHC opened at $36.16 on Thursday. The firm has a market cap of $1.13 billion, a price-to-earnings ratio of 15.79, a P/E/G ratio of 1.50 and a beta of 1.08. The company has a quick ratio of 0.90, a current ratio of 0.92 and a debt-to-equity ratio of 0.32. National Bank Holdings Corp has a 1-year low of $29.26 and a 1-year high of $41.44.

National Bank (NYSE:NBHC) last posted its quarterly earnings data on Tuesday, April 23rd. The financial services provider reported $0.60 EPS for the quarter, topping the consensus estimate of $0.57 by $0.03. The firm had revenue of $68.22 million during the quarter, compared to analyst estimates of $67.99 million. National Bank had a return on equity of 10.52% and a net margin of 24.13%. National Bank’s revenue was up 4.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.27 EPS. Sell-side analysts expect that National Bank Holdings Corp will post 2.42 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be paid a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 2.10%. This is a positive change from National Bank’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend is Thursday, May 30th. National Bank’s dividend payout ratio is 35.19%.

Separately, Zacks Investment Research lowered shares of National Bank from a “buy” rating to a “hold” rating in a research note on Wednesday, May 1st. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $39.25.

In other news, insider Whitney A. Bartelli sold 840 shares of the company’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $34.45, for a total value of $28,938.00. Following the completion of the sale, the insider now directly owns 1,952 shares in the company, valued at approximately $67,246.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 5.50% of the company’s stock.

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About National Bank

National Bank Holdings Corporation operates as the bank holding company for NBH Bank, N.A. that provides various banking products and financial services to commercial, business, and consumer clients in the United States. The company offers deposit products, including checking accounts, savings accounts, money market accounts, and other deposit accounts, including fixed-rate and fixed maturity time deposits.

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

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