American Century Companies Inc. Trims Stock Position in National Bank Holdings Corporation $NBHC

American Century Companies Inc. trimmed its position in National Bank Holdings Corporation (NYSE:NBHC) by 10.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 427,749 shares of the financial services provider’s stock after selling 50,828 shares during the quarter. American Century Companies Inc.’s holdings in National Bank were worth $16,088,000 as of its most recent SEC filing.

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

National Bank Trading Up 0.2%

NBHC opened at $37.54 on Wednesday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.93 and a current ratio of 0.93. National Bank Holdings Corporation has a one year low of $32.83 and a one year high of $48.78. The company has a market cap of $1.42 billion, a P/E ratio of 11.88 and a beta of 0.81. The business’s 50-day simple moving average is $37.22 and its 200-day simple moving average is $37.78.

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

National Bank Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Friday, November 28th will be issued a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 3.3%. The ex-dividend date is Friday, November 28th. This is a positive change from National Bank’s previous quarterly dividend of ($0.30). National Bank’s dividend payout ratio (DPR) is currently 39.24%.

Analyst Upgrades and Downgrades

NBHC has been the topic of several research analyst reports. Stephens upgraded shares of National Bank from an “equal weight” rating to an “overweight” rating and set a $42.00 price objective on the stock in a report on Monday, November 10th. Zacks Research upgraded shares of National Bank from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 1st. Weiss Ratings restated a “hold (c)” rating on shares of National Bank in a report on Wednesday, October 8th. Hovde Group raised 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 report on Thursday, September 18th. Finally, Keefe, Bruyette & Woods lifted their target price on shares of National Bank from $44.00 to $45.00 and gave the company a “market perform” rating in a report on Wednesday, September 17th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $44.50.

National Bank Company 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.