National Bank Holdings Co. (NYSE:NBHC) Shares Acquired by Keeley Teton Advisors LLC

Keeley Teton Advisors LLC increased its holdings in National Bank Holdings Co. (NYSE:NBHC) by 17.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 42,617 shares of the financial services provider’s stock after acquiring an additional 6,359 shares during the quarter. Keeley Teton Advisors LLC owned approximately 0.11% of National Bank worth $1,585,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the business. Wellington Management Group LLP raised its stake in National Bank by 8.9% during the third quarter. Wellington Management Group LLP now owns 3,665,586 shares of the financial services provider’s stock valued at $109,088,000 after buying an additional 298,140 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in National Bank by 5.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,678,537 shares of the financial services provider’s stock valued at $62,426,000 after buying an additional 79,519 shares in the last quarter. Kennedy Capital Management LLC raised its stake in National Bank by 13.4% during the third quarter. Kennedy Capital Management LLC now owns 852,359 shares of the financial services provider’s stock valued at $25,366,000 after buying an additional 100,765 shares in the last quarter. Jackson Hole Capital Partners LLC acquired a new stake in National Bank during the fourth quarter valued at approximately $17,537,000. Finally, Charles Schwab Investment Management Inc. raised its stake in National Bank by 4.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 311,602 shares of the financial services provider’s stock valued at $11,588,000 after buying an additional 13,554 shares in the last quarter. Institutional investors and hedge funds own 92.65% of the company’s stock.

National Bank Price Performance

Shares of NYSE:NBHC traded up $0.25 on Wednesday, reaching $36.57. 203,146 shares of the company traded hands, compared to its average volume of 177,747. National Bank Holdings Co. has a fifty-two week low of $28.38 and a fifty-two week high of $38.71. The company’s 50 day moving average is $35.03 and its 200-day moving average is $35.00. The stock has a market capitalization of $1.38 billion, a PE ratio of 10.51 and a beta of 0.85. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.91 and a quick ratio of 0.91.

National Bank (NYSE:NBHC) last released its earnings results on Wednesday, April 24th. The financial services provider reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.03. The company had revenue of $149.43 million during the quarter, compared to analyst estimates of $101.98 million. National Bank had a return on equity of 11.20% and a net margin of 22.94%. During the same quarter in the prior year, the company earned $1.06 earnings per share. As a group, analysts anticipate that National Bank Holdings Co. will post 3.08 earnings per share for the current fiscal year.

National Bank Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be issued a $0.28 dividend. The ex-dividend date is Friday, May 31st. This represents a $1.12 dividend on an annualized basis and a dividend yield of 3.06%. This is a positive change from National Bank’s previous quarterly dividend of $0.27. National Bank’s dividend payout ratio is presently 32.18%.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $39.00 target price (down from $40.00) on shares of National Bank in a report on Friday, April 26th. TheStreet lowered National Bank from a “b” rating to a “c+” rating in a report on Monday, March 18th. Hovde Group lowered their target price on National Bank from $45.00 to $40.50 and set an “outperform” rating for the company in a report on Monday, April 29th. Finally, StockNews.com raised National Bank from a “sell” rating to a “hold” rating in a report on Wednesday, May 29th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $38.63.

National Bank Profile

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.