Envestnet Portfolio Solutions Inc. Takes Position in National Bank Holdings Corporation $NBHC

Envestnet Portfolio Solutions Inc. purchased a new stake in shares of National Bank Holdings Corporation (NYSE:NBHC) during the 2nd quarter, Holdings Channel.com reports. The fund purchased 10,588 shares of the financial services provider’s stock, valued at approximately $398,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of NBHC. Focus Partners Advisor Solutions LLC increased its stake in shares of National Bank by 0.3% in the 1st quarter. Focus Partners Advisor Solutions LLC now owns 107,104 shares of the financial services provider’s stock worth $4,099,000 after purchasing an additional 288 shares in the last quarter. Quarry LP increased its stake in shares of National Bank by 40.3% in the 1st quarter. Quarry LP now owns 1,362 shares of the financial services provider’s stock worth $52,000 after purchasing an additional 391 shares in the last quarter. CWM LLC increased its stake in shares of National Bank by 158.4% in the 1st quarter. CWM LLC now owns 783 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 480 shares in the last quarter. Harbor Capital Advisors Inc. increased its stake in shares of National Bank by 5.9% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 14,551 shares of the financial services provider’s stock worth $547,000 after purchasing an additional 805 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of National Bank by 5.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,066 shares of the financial services provider’s stock worth $844,000 after purchasing an additional 1,079 shares in the last quarter. 92.65% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Hovde Group upgraded National Bank from a “market perform” rating to an “outperform” rating and set a $46.00 price objective for the company in a research note on Thursday, September 18th. Wall Street Zen upgraded National Bank from a “strong sell” rating to a “hold” rating in a research note on Saturday, July 26th. Weiss Ratings restated a “hold (c)” rating on shares of National Bank in a research note on Wednesday, October 8th. DA Davidson upped their price objective on National Bank from $42.00 to $45.00 and gave the stock a “buy” rating in a research note on Thursday, July 24th. Finally, Zacks Research upgraded National Bank from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 1st. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, National Bank currently has a consensus rating of “Moderate Buy” and a consensus target price of $46.60.

National Bank Stock Up 2.2%

NBHC opened at $37.82 on Thursday. The firm has a 50-day simple moving average of $38.48 and a two-hundred day simple moving average of $37.59. National Bank Holdings Corporation has a 52 week low of $32.83 and a 52 week high of $51.76. The company has a market capitalization of $1.44 billion, a PE ratio of 11.97 and a beta of 0.75. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.18.

National Bank (NYSE:NBHC) last released its quarterly earnings data on Thursday, August 14th. The financial services provider reported $0.63 EPS for the quarter. National Bank had a net margin of 20.50% and a return on equity of 9.64%. The business had revenue of $102.07 million during the quarter. Analysts forecast that National Bank Holdings Corporation will post 3.31 earnings per share for the current fiscal year.

National Bank Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, August 29th were issued a dividend of $-0.30 per share. This represents a ($1.20) annualized dividend and a dividend yield of -3.2%. The ex-dividend date of this dividend was Friday, August 29th. National Bank’s dividend payout ratio is 38.71%.

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.