National Bank Holdings Co. (NYSE:NBHC) Position Increased by Rhumbline Advisers

Rhumbline Advisers raised its position in National Bank Holdings Co. (NYSE:NBHC) by 0.4% during the second quarter, HoldingsChannel.com reports. The firm owned 126,304 shares of the financial services provider’s stock after buying an additional 492 shares during the quarter. Rhumbline Advisers’ holdings in National Bank were worth $4,932,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Natixis Advisors LLC grew its stake in shares of National Bank by 99.2% in the 2nd quarter. Natixis Advisors LLC now owns 29,816 shares of the financial services provider’s stock valued at $1,164,000 after buying an additional 14,850 shares in the last quarter. Principal Financial Group Inc. increased its stake in shares of National Bank by 194.7% during the 2nd quarter. Principal Financial Group Inc. now owns 577,793 shares of the financial services provider’s stock worth $22,563,000 after purchasing an additional 381,754 shares during the last quarter. Innealta Capital LLC bought a new position in shares of National Bank during the 2nd quarter valued at $41,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in National Bank by 24.7% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,879 shares of the financial services provider’s stock worth $386,000 after purchasing an additional 1,955 shares in the last quarter. Finally, Louisiana State Employees Retirement System raised its holdings in National Bank by 1.6% during the second quarter. Louisiana State Employees Retirement System now owns 19,000 shares of the financial services provider’s stock valued at $742,000 after buying an additional 300 shares in the last quarter. 92.65% of the stock is owned by institutional investors and hedge funds.

National Bank Price Performance

Shares of National Bank stock opened at $41.17 on Monday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.93 and a current ratio of 0.93. The firm’s 50-day simple moving average is $41.81 and its 200-day simple moving average is $37.69. National Bank Holdings Co. has a twelve month low of $28.38 and a twelve month high of $46.51. The firm has a market cap of $1.56 billion, a P/E ratio of 11.83 and a beta of 0.85.

National Bank (NYSE:NBHC) last announced its quarterly earnings results on Tuesday, July 23rd. The financial services provider reported $0.68 EPS for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.06). The business had revenue of $99.31 million for the quarter, compared to the consensus estimate of $102.96 million. National Bank had a return on equity of 10.44% and a net margin of 21.40%. The firm’s revenue for the quarter was down 5.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.85 EPS. As a group, research analysts expect that National Bank Holdings Co. will post 3.03 EPS for the current fiscal year.

National Bank Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were paid a $0.28 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $1.12 annualized dividend and a dividend yield of 2.72%. National Bank’s dividend payout ratio is presently 32.18%.

Insider Transactions at National Bank

In related news, EVP Christopher S. Randall sold 3,750 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $43.51, for a total transaction of $163,162.50. Following the sale, the executive vice president now directly owns 14,365 shares in the company, valued at approximately $625,021.15. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other National Bank news, insider Valerie D. Kramer sold 725 shares of the firm’s stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $40.17, for a total value of $29,123.25. Following the completion of the sale, the insider now owns 10,398 shares in the company, valued at approximately $417,687.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Christopher S. Randall sold 3,750 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $43.51, for a total transaction of $163,162.50. Following the transaction, the executive vice president now owns 14,365 shares in the company, valued at $625,021.15. The disclosure for this sale can be found here. In the last quarter, insiders have sold 103,192 shares of company stock valued at $4,431,998. 3.10% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research firms have recently issued reports on NBHC. DA Davidson upped their price target on National Bank from $42.00 to $45.00 and gave the stock a “buy” rating in a research note on Tuesday, July 2nd. Stephens increased their price target on National Bank from $38.00 to $46.00 and gave the company an “equal weight” rating in a report on Thursday, July 25th. StockNews.com cut shares of National Bank from a “hold” rating to a “sell” rating in a research note on Wednesday, July 24th. Keefe, Bruyette & Woods raised their target price on shares of National Bank from $39.00 to $45.00 and gave the company a “market perform” rating in a research note on Monday, July 29th. Finally, Piper Sandler lowered shares of National Bank from an “overweight” rating to a “neutral” rating and boosted their target price for the stock from $42.00 to $46.00 in a research report on Thursday, July 25th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $46.40.

National Bank Company Profile

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.