Rhumbline Advisers cut its holdings in shares of National Bank Holdings Corporation (NYSE:NBHC) by 2.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 54,595 shares of the financial services provider’s stock after selling 1,217 shares during the period. Rhumbline Advisers owned approximately 0.20% of National Bank Holdings Corporation worth $1,808,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. LS Investment Advisors LLC lifted its holdings in National Bank Holdings Corporation by 237.2% during the first quarter. LS Investment Advisors LLC now owns 3,305 shares of the financial services provider’s stock worth $107,000 after acquiring an additional 2,325 shares in the last quarter. Bank of Montreal Can lifted its holdings in National Bank Holdings Corporation by 29.6% during the first quarter. Bank of Montreal Can now owns 3,706 shares of the financial services provider’s stock worth $120,000 after acquiring an additional 846 shares in the last quarter. First Manhattan Co. bought a new position in National Bank Holdings Corporation during the second quarter worth about $163,000. State of Alaska Department of Revenue lifted its holdings in National Bank Holdings Corporation by 79.3% during the second quarter. State of Alaska Department of Revenue now owns 5,270 shares of the financial services provider’s stock worth $174,000 after acquiring an additional 2,330 shares in the last quarter. Finally, Victory Capital Management Inc. bought a new position in National Bank Holdings Corporation during the first quarter worth about $179,000. Hedge funds and other institutional investors own 94.60% of the company’s stock.

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Shares of National Bank Holdings Corporation (NBHC) opened at 32.22 on Monday. The company has a market capitalization of $863.21 million, a price-to-earnings ratio of 25.37 and a beta of 0.67. The stock has a 50 day moving average price of $32.56 and a 200-day moving average price of $32.37. National Bank Holdings Corporation has a one year low of $22.69 and a one year high of $36.04.

National Bank Holdings Corporation (NYSE:NBHC) last released its quarterly earnings data on Thursday, July 20th. The financial services provider reported $0.33 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.28 by $0.05. The company had revenue of $48.85 million for the quarter, compared to analysts’ expectations of $48.30 million. National Bank Holdings Corporation had a net margin of 17.64% and a return on equity of 6.60%. During the same quarter in the prior year, the firm earned $0.15 EPS. On average, equities research analysts expect that National Bank Holdings Corporation will post $1.24 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Friday, August 25th were given a dividend of $0.09 per share. The ex-dividend date of this dividend was Wednesday, August 23rd. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.12%. National Bank Holdings Corporation’s dividend payout ratio (DPR) is presently 27.91%.

Several research firms have weighed in on NBHC. BidaskClub lowered National Bank Holdings Corporation from a “sell” rating to a “strong sell” rating in a report on Saturday, August 12th. Sandler O’Neill upgraded National Bank Holdings Corporation from a “hold” rating to a “buy” rating and set a $36.00 price target on the stock in a report on Friday, August 18th. Zacks Investment Research lowered National Bank Holdings Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, August 30th. Stephens set a $34.00 price target on National Bank Holdings Corporation and gave the company a “hold” rating in a report on Monday, June 26th. Finally, Keefe, Bruyette & Woods restated a “buy” rating and issued a $35.00 price target on shares of National Bank Holdings Corporation in a report on Monday, June 26th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $35.40.

National Bank Holdings Corporation Company Profile

National Bank Holdings Corporation (NBH) is a bank holding company. Through Bank Midwest, N.A. (Bank Midwest), NBH’s primary business is to offer a range of products and financial services to both its commercial and consumer customers, located in Kansas, Missouri and Colorado. The Company offers an array of lending products to cater to the customers’ needs, including, but not limited to, small business loans, equipment loans, term loans, asset-backed loans, letters of credit, commercial lines of credit, residential mortgage loans, home equity and consumer loans.

Institutional Ownership by Quarter for National Bank Holdings Corporation (NYSE:NBHC)

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