National Bank Holdings Corporation (NBHC) Holdings Boosted by Schwab Charles Investment Management Inc.

Schwab Charles Investment Management Inc. raised its stake in National Bank Holdings Corporation (NYSE:NBHC) by 10.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 171,631 shares of the financial services provider’s stock after purchasing an additional 15,906 shares during the period. Schwab Charles Investment Management Inc. owned 0.64% of National Bank Holdings Corporation worth $5,683,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Louisiana State Employees Retirement System boosted its holdings in shares of National Bank Holdings Corporation by 0.9% in the second quarter. Louisiana State Employees Retirement System now owns 10,900 shares of the financial services provider’s stock valued at $361,000 after acquiring an additional 100 shares during the period. Texas Permanent School Fund boosted its holdings in shares of National Bank Holdings Corporation by 1.2% in the second quarter. Texas Permanent School Fund now owns 19,505 shares of the financial services provider’s stock valued at $646,000 after acquiring an additional 239 shares during the period. Municipal Employees Retirement System of Michigan boosted its holdings in shares of National Bank Holdings Corporation by 6.4% in the second quarter. Municipal Employees Retirement System of Michigan now owns 6,280 shares of the financial services provider’s stock valued at $208,000 after acquiring an additional 380 shares during the period. Arizona State Retirement System boosted its holdings in shares of National Bank Holdings Corporation by 3.7% in the first quarter. Arizona State Retirement System now owns 13,900 shares of the financial services provider’s stock valued at $452,000 after acquiring an additional 500 shares during the period. Finally, Mason Street Advisors LLC boosted its holdings 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 acquiring an additional 549 shares during the period. Institutional investors own 94.60% of the company’s stock.

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Shares of National Bank Holdings Corporation (NYSE:NBHC) opened at 36.71 on Thursday. The company’s 50 day moving average price is $33.60 and its 200 day moving average price is $32.71. National Bank Holdings Corporation has a one year low of $22.69 and a one year high of $37.00. The firm has a market capitalization of $983.50 million, a P/E ratio of 28.91 and a beta of 0.69.

National Bank Holdings Corporation (NYSE:NBHC) last issued its quarterly earnings data on Thursday, July 20th. The financial services provider reported $0.33 EPS for the quarter, topping the Zacks’ consensus estimate of $0.28 by $0.05. The firm had revenue of $48.85 million during the quarter, compared to the consensus estimate of $48.30 million. National Bank Holdings Corporation had a return on equity of 6.60% and a net margin of 17.64%. During the same period in the prior year, the business earned $0.15 EPS. On average, analysts expect that National Bank Holdings Corporation will post $1.23 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Investors 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 dividend on an annualized basis and a yield of 0.98%. National Bank Holdings Corporation’s payout ratio is currently 27.91%.

NBHC has been the subject of several research analyst reports. Sandler O’Neill raised National Bank Holdings Corporation from a “hold” rating to a “buy” rating and set a $36.00 price objective for the company in a report on Friday, August 18th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $35.00 price target on shares of National Bank Holdings Corporation in a report on Monday, June 26th. BidaskClub raised National Bank Holdings Corporation from a “hold” rating to a “buy” rating in a report on Friday, September 29th. Stephens set a $34.00 price target on National Bank Holdings Corporation and gave the stock a “hold” rating in a report on Monday, June 26th. Finally, Zacks Investment Research downgraded National Bank Holdings Corporation from a “buy” rating to a “hold” rating in a report 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’s stock. The company currently has an average rating of “Hold” and an average target price of $35.00.

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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