KLP Kapitalforvaltning AS Buys Shares of 8,400 National Bank Holdings Co. (NYSE:NBHC)

KLP Kapitalforvaltning AS bought a new stake in shares of National Bank Holdings Co. (NYSE:NBHC) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 8,400 shares of the financial services provider’s stock, valued at approximately $362,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. KBC Group NV increased its holdings in shares of National Bank by 82.5% in 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. Handelsbanken Fonder AB acquired a new stake in shares of National Bank in the fourth quarter valued at approximately $224,000. FMR LLC increased its stake in shares of National Bank by 359.7% in the third quarter. FMR LLC now owns 7,627 shares of the financial services provider’s stock valued at $321,000 after purchasing an additional 5,968 shares during the period. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of National Bank during the fourth quarter valued at approximately $500,000. Finally, BNP Paribas Financial Markets boosted its position in shares of National Bank by 130.4% during the third quarter. BNP Paribas Financial Markets now owns 17,146 shares of the financial services provider’s stock worth $722,000 after buying an additional 9,705 shares during the period. 92.65% of the stock is currently owned by institutional investors and hedge funds.

National Bank Price Performance

NYSE NBHC opened at $34.16 on Friday. The firm has a market capitalization of $1.30 billion, a PE ratio of 11.06 and a beta of 0.86. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.95 and a quick ratio of 0.94. National Bank Holdings Co. has a 12 month low of $32.13 and a 12 month high of $51.76. The company’s 50 day simple moving average is $40.86 and its 200 day simple moving average is $43.25.

National Bank (NYSE:NBHC) last issued its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $0.86 earnings per share (EPS) 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%. As a group, equities research analysts forecast that National Bank Holdings Co. will post 3.31 EPS for the current fiscal year.

National Bank Announces Dividend

The firm also recently declared 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 3.40%. The ex-dividend date was Friday, February 28th. National Bank’s payout ratio is 37.54%.

Analyst Upgrades and Downgrades

Several analysts recently commented on NBHC shares. Hovde Group lowered their target price on National Bank from $48.00 to $43.00 and set a “market perform” rating on the stock in a research report on Wednesday. StockNews.com cut National Bank from a “hold” rating to a “sell” rating in a research note on Thursday. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $49.00.

About National Bank

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.