Advisors Asset Management Inc. lessened its holdings in shares of National Bank Holdings Corp (NYSE:NBHC) by 41.9% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 10,319 shares of the financial services provider’s stock after selling 7,450 shares during the period. Advisors Asset Management Inc.’s holdings in National Bank were worth $368,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also bought and sold shares of NBHC. Schwab Charles Investment Management Inc. grew its position in National Bank by 8.5% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 155,725 shares of the financial services provider’s stock worth $5,062,000 after acquiring an additional 12,160 shares during the last quarter. Teachers Retirement System of The State of Kentucky lifted its stake in shares of National Bank by 23.6% in the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 9,427 shares of the financial services provider’s stock valued at $306,000 after purchasing an additional 1,800 shares during the period. Louisiana State Employees Retirement System lifted its stake in shares of National Bank by 0.9% in the 2nd quarter. Louisiana State Employees Retirement System now owns 10,900 shares of the financial services provider’s stock valued at $361,000 after purchasing an additional 100 shares during the period. Russell Investments Group Ltd. lifted its stake in shares of National Bank by 15.5% in the 2nd quarter. Russell Investments Group Ltd. now owns 244,372 shares of the financial services provider’s stock valued at $8,090,000 after purchasing an additional 32,768 shares during the period. Finally, Strs Ohio lifted its stake in shares of National Bank by 2.5% in the 2nd quarter. Strs Ohio now owns 24,700 shares of the financial services provider’s stock valued at $817,000 after purchasing an additional 600 shares during the period. 95.65% of the stock is owned by institutional investors and hedge funds.
Shares of National Bank Holdings Corp (NYSE NBHC) traded up $1.05 during midday trading on Friday, hitting $32.76. The stock had a trading volume of 454,356 shares, compared to its average volume of 116,896. The company has a market cap of $851.35, a PE ratio of 25.37, a price-to-earnings-growth ratio of 2.63 and a beta of 0.65. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.83 and a quick ratio of 0.82. National Bank Holdings Corp has a 12 month low of $30.10 and a 12 month high of $37.08.
National Bank (NYSE:NBHC) last announced its quarterly earnings data on Wednesday, October 18th. The financial services provider reported $0.26 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by ($0.04). National Bank had a net margin of 17.13% and a return on equity of 6.40%. The company had revenue of $47.45 million during the quarter, compared to the consensus estimate of $48.90 million. During the same quarter in the previous year, the business earned $0.30 EPS. sell-side analysts anticipate that National Bank Holdings Corp will post 1.21 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, November 24th were paid a $0.09 dividend. The ex-dividend date of this dividend was Wednesday, November 22nd. This represents a $0.36 annualized dividend and a yield of 1.10%. National Bank’s dividend payout ratio (DPR) is currently 28.80%.
NBHC has been the topic of a number of analyst reports. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $35.00 price target on shares of National Bank in a research note on Friday, October 20th. Zacks Investment Research downgraded National Bank from a “buy” rating to a “hold” rating in a research note on Wednesday, August 30th. BidaskClub raised National Bank from a “sell” rating to a “hold” rating in a research note on Saturday, September 23rd. Finally, Sandler O’Neill upgraded National Bank from a “hold” rating to a “buy” rating and set a $36.00 target price for the company in a report on Friday, August 18th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $35.00.
In related news, Director Robert E. Dean sold 3,076 shares of the firm’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $33.74, for a total value of $103,784.24. Following the completion of the sale, the director now directly owns 22,910 shares in the company, valued at approximately $772,983.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 7.60% of the company’s stock.
About National Bank
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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