Geode Capital Management LLC Grows Holdings in National Bank Holdings Corporation $NBHC

Geode Capital Management LLC raised its position in shares of National Bank Holdings Corporation (NYSE:NBHC) by 2.1% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 903,808 shares of the financial services provider’s stock after purchasing an additional 18,612 shares during the period. Geode Capital Management LLC owned approximately 2.37% of National Bank worth $33,996,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. CWM LLC lifted its stake in shares of National Bank by 158.4% in the 1st quarter. CWM LLC now owns 783 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 480 shares during the last quarter. Quarry LP lifted its holdings in National Bank by 40.3% in the first quarter. Quarry LP now owns 1,362 shares of the financial services provider’s stock worth $52,000 after buying an additional 391 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of National Bank during the first quarter valued at approximately $217,000. Envestnet Asset Management Inc. lifted its position in National Bank by 6.3% during the 2nd quarter. Envestnet Asset Management Inc. now owns 5,955 shares of the financial services provider’s stock valued at $224,000 after acquiring an additional 355 shares during the period. Finally, Wealth Enhancement Advisory Services LLC bought a new stake in shares of National Bank in the 2nd quarter worth approximately $289,000. 92.65% of the stock is currently owned by institutional investors.

National Bank Price Performance

National Bank stock opened at $37.74 on Thursday. The firm has a market capitalization of $1.43 billion, a PE ratio of 11.94 and a beta of 0.80. The firm has a 50-day moving average price of $37.42 and a 200-day moving average price of $37.80. National Bank Holdings Corporation has a 12-month low of $32.83 and a 12-month high of $49.38. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.04.

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

National Bank Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Friday, November 28th will be paid a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 3.3%. This is an increase from National Bank’s previous quarterly dividend of ($0.30). The ex-dividend date of this dividend is Friday, November 28th. National Bank’s payout ratio is currently 37.97%.

Analyst Ratings Changes

NBHC has been the subject of a number of analyst reports. 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 note on Thursday, September 18th. Keefe, Bruyette & Woods boosted their price target on National Bank from $44.00 to $45.00 and gave the company a “market perform” rating in a research note on Wednesday, September 17th. Stephens raised National Bank from an “equal weight” rating to an “overweight” rating and set a $42.00 target price on the stock in a report on Monday, November 10th. Weiss Ratings reiterated a “hold (c)” rating on shares of National Bank in a research report on Wednesday, October 8th. Finally, Zacks Research raised National Bank from a “hold” rating to a “strong-buy” rating in a report on Monday, September 1st. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, National Bank has a consensus rating of “Moderate Buy” and a consensus price target of $44.50.

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.