Great Lakes Advisors LLC raised its position in National Bank Holdings Corporation (NYSE:NBHC) by 80.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 57,959 shares of the financial services provider’s stock after buying an additional 25,814 shares during the period. Great Lakes Advisors LLC owned approximately 0.22% of National Bank Holdings Corporation worth $1,919,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Teachers Advisors LLC increased its stake in National Bank Holdings Corporation by 142.7% in the fourth quarter. Teachers Advisors LLC now owns 135,224 shares of the financial services provider’s stock worth $4,312,000 after buying an additional 79,512 shares during the period. Bank of Montreal Can increased its stake in 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 worth $120,000 after buying an additional 846 shares during the period. Louisiana State Employees Retirement System increased its stake in National Bank Holdings Corporation by 3.8% in the first quarter. Louisiana State Employees Retirement System now owns 10,800 shares of the financial services provider’s stock worth $351,000 after buying an additional 400 shares during the period. Wells Fargo & Company MN increased its stake in National Bank Holdings Corporation by 3.9% in the first quarter. Wells Fargo & Company MN now owns 56,310 shares of the financial services provider’s stock worth $1,830,000 after buying an additional 2,134 shares during the period. Finally, Great West Life Assurance Co. Can increased its stake in National Bank Holdings Corporation by 7.0% in the first quarter. Great West Life Assurance Co. Can now owns 37,745 shares of the financial services provider’s stock worth $1,226,000 after buying an additional 2,485 shares during the period. 94.60% of the stock is owned by hedge funds and other institutional investors.

Shares of National Bank Holdings Corporation (NBHC) opened at 32.21 on Tuesday. The firm has a 50-day moving average of $33.35 and a 200 day moving average of $32.45. The firm has a market cap of $862.94 million, a P/E ratio of 25.36 and a beta of 0.66. National Bank Holdings Corporation has a 12 month low of $22.69 and a 12 month 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, beating the Zacks’ consensus estimate of $0.28 by $0.05. National Bank Holdings Corporation had a return on equity of 6.60% and a net margin of 17.64%. The company had revenue of $48.85 million during the quarter, compared to analysts’ expectations of $48.30 million. During the same period last year, the firm posted $0.15 earnings per share. On average, equities research analysts anticipate that National Bank Holdings Corporation will post $1.24 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, August 25th will be given a $0.09 dividend. The ex-dividend date of this dividend 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 27.91%.

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Several analysts have issued reports on NBHC shares. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $35.00 price objective on shares of National Bank Holdings Corporation in a research report on Monday, June 26th. Zacks Investment Research downgraded shares of National Bank Holdings Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, June 27th. Stephens set a $34.00 price objective on shares of National Bank Holdings Corporation and gave the company a “hold” rating in a research report on Monday, June 26th. Piper Jaffray Companies started coverage on shares of National Bank Holdings Corporation in a research report on Tuesday, July 11th. They issued a “neutral” rating and a $35.00 price objective for the company. Finally, BidaskClub downgraded shares of National Bank Holdings Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $33.67.

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.

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

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