T. Rowe Price Investment Management Inc. Decreases Stake in National Bank Holdings Co. (NYSE:NBHC)

T. Rowe Price Investment Management Inc. lessened its holdings in shares of National Bank Holdings Co. (NYSE:NBHC) by 9.1% in the 4th quarter, Holdings Channel reports. The fund owned 2,306,736 shares of the financial services provider’s stock after selling 230,780 shares during the quarter. T. Rowe Price Investment Management Inc. owned 0.06% of National Bank worth $99,329,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of NBHC. State of Tennessee Department of Treasury lifted its position in National Bank by 12.6% during the fourth quarter. State of Tennessee Department of Treasury now owns 20,348 shares of the financial services provider’s stock worth $876,000 after buying an additional 2,273 shares in the last quarter. MetLife Investment Management LLC increased its stake in shares of National Bank by 5.8% in the 4th quarter. MetLife Investment Management LLC now owns 22,270 shares of the financial services provider’s stock worth $959,000 after acquiring an additional 1,226 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of National Bank by 1.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,089,730 shares of the financial services provider’s stock worth $89,984,000 after acquiring an additional 32,983 shares during the last quarter. First Trust Advisors LP raised its holdings in shares of National Bank by 46.4% during the 4th quarter. First Trust Advisors LP now owns 132,423 shares of the financial services provider’s stock worth $5,702,000 after acquiring an additional 41,986 shares during the period. Finally, Sterling Capital Management LLC grew its holdings in shares of National Bank by 815.5% in the fourth quarter. Sterling Capital Management LLC now owns 1,181 shares of the financial services provider’s stock valued at $51,000 after purchasing an additional 1,052 shares during the period. Hedge funds and other institutional investors own 92.65% of the company’s stock.

National Bank Stock Up 3.0 %

NBHC stock opened at $35.38 on Friday. National Bank Holdings Co. has a 12 month low of $32.69 and a 12 month high of $51.76. 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 company has a market cap of $1.35 billion, a price-to-earnings ratio of 11.45 and a beta of 0.77. The company has a fifty day moving average price of $38.25 and a 200 day moving average price of $42.51.

National Bank (NYSE:NBHC) last released its quarterly earnings results on Tuesday, April 22nd. The financial services provider reported $0.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.13). The company had revenue of $102.07 million for the quarter, compared to analysts’ expectations of $107.47 million. National Bank had a return on equity of 9.76% and a net margin of 19.82%. During the same period in the prior year, the business earned $0.82 EPS. Sell-side analysts expect that National Bank Holdings Co. will post 3.31 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. StockNews.com downgraded shares of National Bank from a “hold” rating to a “sell” rating in a report on Wednesday. Hovde Group cut their target price on shares of National Bank from $43.00 to $39.00 and set a “market perform” rating on the stock in a research note on Thursday. Finally, DA Davidson reduced their price objective on shares of National Bank from $46.00 to $42.00 and set a “buy” rating for the company in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $46.00.

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.