TIAA CREF Investment Management LLC lowered its stake in shares of National Bank Holdings Corporation (NYSE:NBHC) by 9.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 257,867 shares of the financial services provider’s stock after selling 25,644 shares during the quarter. TIAA CREF Investment Management LLC owned about 0.96% of National Bank Holdings Corporation worth $8,538,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wells Fargo & Company MN grew its holdings in shares of National Bank Holdings Corporation by 3.9% during 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 last quarter. BlackRock Inc. grew its holdings in shares of National Bank Holdings Corporation by 41,096.1% during the first quarter. BlackRock Inc. now owns 3,487,249 shares of the financial services provider’s stock worth $113,336,000 after buying an additional 3,478,784 shares during the last quarter. State Street Corp grew its holdings in shares of National Bank Holdings Corporation by 11.9% during the first quarter. State Street Corp now owns 911,713 shares of the financial services provider’s stock worth $29,640,000 after buying an additional 96,979 shares during the last quarter. Mason Street Advisors LLC grew its holdings in shares of National Bank Holdings Corporation by 9.7% during the first quarter. Mason Street Advisors LLC now owns 6,222 shares of the financial services provider’s stock worth $202,000 after buying an additional 549 shares during the last quarter. Finally, Marshall Wace North America L.P. purchased a new position in shares of National Bank Holdings Corporation during the second quarter worth about $1,190,000. 94.60% of the stock is currently owned by hedge funds and other institutional investors.

NBHC has been the topic of a number of research reports. Keefe, Bruyette & Woods reissued a “buy” rating and set a $35.00 price target on shares of National Bank Holdings Corporation in a report on Wednesday, October 4th. BidaskClub raised National Bank Holdings Corporation from a “strong sell” rating to a “sell” rating in a report on Wednesday, September 13th. DA Davidson reaffirmed a “neutral” rating on shares of National Bank Holdings Corporation in a report on Friday, July 21st. Piper Jaffray Companies initiated coverage on National Bank Holdings Corporation in a report on Tuesday, July 11th. They issued a “neutral” rating and a $35.00 price objective on the stock. Finally, Zacks Investment Research lowered 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 assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $35.00.

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Shares of National Bank Holdings Corporation (NYSE:NBHC) opened at 36.91 on Monday. National Bank Holdings Corporation has a one year low of $22.69 and a one year high of $36.98. The firm has a 50-day moving average price of $33.22 and a 200-day moving average price of $32.58. The stock has a market cap of $988.86 million, a price-to-earnings ratio of 29.06 and a beta of 0.69.

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

The company also recently announced a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, August 25th were given a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 0.98%. The ex-dividend date was Wednesday, August 23rd. National Bank Holdings Corporation’s dividend payout ratio (DPR) is 27.91%.

National Bank Holdings Corporation 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.

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

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