Ameriprise Financial Inc. increased its holdings in shares of National Bank Holdings Corporation (NYSE:NBHC) by 6.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 465,817 shares of the financial services provider’s stock after purchasing an additional 30,210 shares during the period. Ameriprise Financial Inc. owned 1.74% of National Bank Holdings Corporation worth $15,424,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. BlackRock Inc. boosted its stake in National Bank Holdings Corporation by 41,096.1% during the 1st quarter. BlackRock Inc. now owns 3,487,249 shares of the financial services provider’s stock worth $113,336,000 after purchasing an additional 3,478,784 shares during the period. Vanguard Group Inc. boosted its stake in National Bank Holdings Corporation by 5.0% during the 1st quarter. Vanguard Group Inc. now owns 2,508,294 shares of the financial services provider’s stock worth $81,519,000 after purchasing an additional 118,787 shares during the period. Dimensional Fund Advisors LP boosted its stake in National Bank Holdings Corporation by 6.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,234,657 shares of the financial services provider’s stock worth $72,627,000 after purchasing an additional 135,701 shares during the period. State Street Corp boosted its stake in National Bank Holdings Corporation by 11.9% during the 1st quarter. State Street Corp now owns 911,713 shares of the financial services provider’s stock worth $29,640,000 after purchasing an additional 96,979 shares during the period. Finally, Russell Investments Group Ltd. boosted its stake in National Bank Holdings Corporation by 15.5% during the 2nd quarter. Russell Investments Group Ltd. now owns 244,372 shares of the financial services provider’s stock worth $8,090,000 after purchasing an additional 32,768 shares during the period. Hedge funds and other institutional investors own 94.60% of the company’s stock.

A number of analysts recently weighed in on NBHC shares. Sandler O’Neill upgraded shares of National Bank Holdings Corporation from a “hold” rating to a “buy” rating and set a $36.00 price target for the company in a research note on Friday, August 18th. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $35.00 price target on shares of National Bank Holdings Corporation in a research note on Monday, June 26th. BidaskClub upgraded shares of National Bank Holdings Corporation from a “hold” rating to a “buy” rating in a research note on Friday, September 29th. Stephens set a $34.00 price target on shares of National Bank Holdings Corporation and gave the stock a “hold” rating in a research note on Monday, June 26th. Finally, Zacks Investment Research cut shares of National Bank Holdings Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, August 30th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $35.00.

ILLEGAL ACTIVITY NOTICE: This story was originally posted by Watch List News and is the sole property of of Watch List News. If you are accessing this story on another publication, it was illegally stolen and republished in violation of U.S. and international copyright legislation. The correct version of this story can be read at https://www.watchlistnews.com/ameriprise-financial-inc-acquires-30210-shares-of-national-bank-holdings-corporation-nbhc/1611891.html.

Shares of National Bank Holdings Corporation (NYSE NBHC) opened at 36.58 on Friday. National Bank Holdings Corporation has a 52 week low of $22.69 and a 52 week high of $36.61. The company’s 50-day moving average is $33.07 and its 200-day moving average is $32.55. The firm has a market cap of $980.01 million, a PE ratio of 28.80 and a beta of 0.69.

National Bank Holdings Corporation (NYSE:NBHC) last released its earnings results on Thursday, July 20th. The financial services provider reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.05. National Bank Holdings Corporation had a net margin of 17.64% and a return on equity of 6.60%. The firm had revenue of $48.85 million during the quarter, compared to analyst estimates of $48.30 million. During the same quarter in the previous year, the firm earned $0.15 earnings per share. Analysts forecast that National Bank Holdings Corporation will post $1.23 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, August 25th were paid a dividend of $0.09 per share. The ex-dividend date was Wednesday, August 23rd. This represents a $0.36 annualized dividend and a yield of 0.98%. National Bank Holdings Corporation’s payout ratio is 27.91%.

About National Bank Holdings Corporation

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)

Receive News & Ratings for National Bank Holdings Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for National Bank Holdings Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.