Capstone Asset Management Co. cut its stake in shares of National Bank Holdings Corporation (NYSE:NBHC) by 6.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,930 shares of the financial services provider’s stock after selling 660 shares during the period. Capstone Asset Management Co.’s holdings in National Bank Holdings Corporation were worth $296,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in NBHC. LS Investment Advisors LLC raised its position in shares of National Bank Holdings Corporation by 237.2% in the first quarter. LS Investment Advisors LLC now owns 3,305 shares of the financial services provider’s stock valued at $107,000 after buying an additional 2,325 shares in the last quarter. Bank of Montreal Can raised its position in shares of National Bank Holdings Corporation by 29.6% in the first quarter. Bank of Montreal Can now owns 3,706 shares of the financial services provider’s stock valued at $120,000 after buying an additional 846 shares in the last quarter. Victory Capital Management Inc. acquired a new position in shares of National Bank Holdings Corporation during the first quarter valued at $179,000. Mason Street Advisors LLC raised its position in shares of National Bank Holdings Corporation by 9.7% in the first quarter. Mason Street Advisors LLC now owns 6,222 shares of the financial services provider’s stock valued at $202,000 after buying an additional 549 shares in the last quarter. Finally, BW Gestao de Investimentos Ltda. acquired a new position in shares of National Bank Holdings Corporation during the first quarter valued at $304,000. Institutional investors and hedge funds own 96.94% of the company’s stock.

National Bank Holdings Corporation (NBHC) traded up 1.68% during midday trading on Monday, reaching $32.77. 21,020 shares of the company’s stock traded hands. The firm has a market cap of $877.94 million, a price-to-earnings ratio of 25.80 and a beta of 0.66. National Bank Holdings Corporation has a 1-year low of $21.53 and a 1-year high of $36.04. The stock’s 50 day moving average price is $33.55 and its 200 day moving average price is $32.45.

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 (EPS) for the quarter, beating the Zacks’ 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 company had revenue of $48.85 million for the quarter, compared to the consensus estimate of $48.30 million. During the same quarter in the previous year, the company earned $0.15 EPS. Equities research analysts anticipate that National Bank Holdings Corporation will post $1.25 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, August 25th will be given a dividend of $0.09 per share. The ex-dividend date is 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 payout ratio is presently 27.91%.

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Several equities research analysts have weighed in on NBHC shares. Stephens set a $34.00 target price on shares of National Bank Holdings Corporation and gave the stock a “hold” rating in a report on Monday, June 26th. BidaskClub lowered shares of National Bank Holdings Corporation from a “sell” rating to a “strong sell” rating in a report on Saturday. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $35.00 target price on shares of National Bank Holdings Corporation in a report on Monday, June 26th. Zacks Investment Research upgraded shares of National Bank Holdings Corporation from a “hold” rating to a “strong-buy” rating and set a $37.00 target price on the stock in a report on Thursday, June 29th. Finally, Piper Jaffray Companies started coverage on shares of National Bank Holdings Corporation in a report on Tuesday, July 11th. They issued a “neutral” rating and a $35.00 target price on the stock. One analyst has rated the stock with a sell rating, four have assigned a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $33.20.

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.

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

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