National Bank Holdings Co. (NYSE:NBHC) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. trimmed its stake in shares of National Bank Holdings Co. (NYSE:NBHC) by 2.4% in the fourth quarter, Holdings Channel reports. The fund owned 2,778,981 shares of the financial services provider’s stock after selling 67,760 shares during the period. Victory Capital Management Inc. owned 0.07% of National Bank worth $119,663,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. KBC Group NV lifted its position in National Bank by 82.5% during the 4th quarter. KBC Group NV now owns 2,389 shares of the financial services provider’s stock worth $103,000 after acquiring an additional 1,080 shares during the period. Charles Schwab Investment Management Inc. lifted its position in 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 acquiring an additional 1,562 shares during the period. Assetmark Inc. acquired a new stake in National Bank during the 3rd quarter worth approximately $71,000. Atria Investments Inc acquired a new stake in National Bank during the 3rd quarter worth approximately $202,000. Finally, Handelsbanken Fonder AB acquired a new stake in National Bank during the 4th quarter worth approximately $224,000. 92.65% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have weighed in on NBHC shares. Hovde Group cut National Bank from an “outperform” rating to a “market perform” rating and set a $55.00 price objective for the company. in a research report on Monday, November 18th. StockNews.com raised National Bank from a “sell” rating to a “hold” rating in a research note on Thursday, February 27th. Finally, Keefe, Bruyette & Woods increased their target price on National Bank from $47.00 to $52.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $51.40.

National Bank Stock Performance

Shares of NBHC stock opened at $40.57 on Thursday. The company has a market cap of $1.54 billion, a price-to-earnings ratio of 13.13 and a beta of 0.85. The stock has a 50 day simple moving average of $42.77 and a 200-day simple moving average of $43.79. National Bank Holdings Co. has a 12-month low of $32.13 and a 12-month 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 released its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.07. National Bank had a return on equity of 9.76% and a net margin of 19.82%. On average, equities analysts forecast that National Bank Holdings Co. will post 3.31 EPS for the current year.

National Bank Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be paid a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 2.86%. The ex-dividend date of this dividend is Friday, February 28th. National Bank’s payout ratio is currently 37.54%.

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.