Leeward Investments LLC MA Decreases Stock Holdings in National Bank Holdings Co. (NYSE:NBHC)

Leeward Investments LLC MA reduced its stake in shares of National Bank Holdings Co. (NYSE:NBHC) by 6.9% in the fourth quarter, HoldingsChannel reports. The firm owned 348,611 shares of the financial services provider’s stock after selling 26,027 shares during the period. Leeward Investments LLC MA’s holdings in National Bank were worth $15,011,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Victory Capital Management Inc. raised its stake in National Bank by 56.0% in the third quarter. Victory Capital Management Inc. now owns 2,846,741 shares of the financial services provider’s stock valued at $119,848,000 after buying an additional 1,021,829 shares during the last quarter. Principal Financial Group Inc. raised its stake in shares of National Bank by 36.1% in the third quarter. Principal Financial Group Inc. now owns 786,096 shares of the financial services provider’s stock worth $33,095,000 after purchasing an additional 208,303 shares during the last quarter. State Street Corp grew its holdings in National Bank by 7.6% during the third quarter. State Street Corp now owns 1,799,224 shares of the financial services provider’s stock worth $75,747,000 after acquiring an additional 126,796 shares during the period. Squire Investment Management Company LLC acquired a new stake in National Bank during the third quarter worth about $4,496,000. Finally, Barclays PLC grew its holdings in National Bank by 91.9% during the third quarter. Barclays PLC now owns 103,076 shares of the financial services provider’s stock worth $4,340,000 after acquiring an additional 49,359 shares during the period. 92.65% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have commented on NBHC shares. Keefe, Bruyette & Woods raised their price objective on National Bank from $47.00 to $52.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. Hovde Group lowered National Bank from an “outperform” rating to a “market perform” rating and set a $55.00 price objective on the stock. in a report on Monday, November 18th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, National Bank presently has a consensus rating of “Hold” and an average price target of $51.40.

National Bank Stock Performance

Shares of NYSE:NBHC opened at $41.88 on Friday. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.95 and a quick ratio of 0.94. The business’s 50 day moving average price is $43.17 and its 200-day moving average price is $43.71. The firm has a market capitalization of $1.59 billion, a PE ratio of 13.55 and a beta of 0.85. National Bank Holdings Co. has a 1 year low of $32.13 and a 1 year high of $51.76.

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, topping analysts’ consensus estimates 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 expect that National Bank Holdings Co. will post 3.31 earnings per share for the current fiscal year.

National Bank Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.77%. The ex-dividend date is Friday, February 28th. National Bank’s dividend payout ratio is presently 37.54%.

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.