National Bank Holdings Co. (NYSE:NBHC) Stock Position Lifted by Teacher Retirement System of Texas

Teacher Retirement System of Texas boosted its stake in National Bank Holdings Co. (NYSE:NBHC) by 8.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 16,881 shares of the financial services provider’s stock after buying an additional 1,256 shares during the quarter. Teacher Retirement System of Texas’ holdings in National Bank were worth $727,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the stock. Assenagon Asset Management S.A. purchased a new stake in shares of National Bank during the fourth quarter worth $1,790,000. Systematic Financial Management LP purchased a new stake in shares of National Bank during the 3rd quarter worth about $756,000. Amundi lifted its holdings in shares of National Bank by 197.3% during the 4th quarter. Amundi now owns 19,278 shares of the financial services provider’s stock valued at $826,000 after buying an additional 12,793 shares during the last quarter. State Street Corp lifted its holdings in shares of National Bank by 7.6% during the 3rd quarter. State Street Corp now owns 1,799,224 shares of the financial services provider’s stock valued at $75,747,000 after buying an additional 126,796 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in National Bank by 1.1% in the third quarter. Geode Capital Management LLC now owns 861,483 shares of the financial services provider’s stock worth $36,276,000 after buying an additional 9,723 shares during the last quarter. Institutional investors and hedge funds own 92.65% of the company’s stock.

Analysts Set New Price Targets

NBHC has been the subject of a number of analyst reports. StockNews.com upgraded shares of National Bank from a “sell” rating to a “hold” rating in a research note on Wednesday, March 19th. Keefe, Bruyette & Woods lifted their price objective on shares of National Bank from $47.00 to $52.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, National Bank currently has a consensus rating of “Hold” and a consensus target price of $51.40.

National Bank Trading Down 1.4 %

NYSE:NBHC opened at $38.76 on Monday. The company’s 50 day moving average is $41.49 and its 200-day moving average is $43.41. The company has a quick ratio of 0.94, a current ratio of 0.95 and a debt-to-equity ratio of 0.08. National Bank Holdings Co. has a 12 month low of $32.13 and a 12 month high of $51.76. The firm has a market cap of $1.47 billion, a price-to-earnings ratio of 12.54 and a beta of 0.86.

National Bank (NYSE:NBHC) last announced its earnings results on Wednesday, January 22nd. The financial services provider reported $0.86 EPS for the quarter, topping the consensus estimate of $0.79 by $0.07. National Bank had a net margin of 19.82% and a return on equity of 9.76%. Equities analysts anticipate that National Bank Holdings Co. will post 3.31 EPS for the current year.

National Bank Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 2.99%. The ex-dividend date was Friday, February 28th. National Bank’s dividend payout ratio (DPR) 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.