Westwood Holdings Group Inc. Sells 9,346 Shares of National Bank Holdings Co. (NYSE:NBHC)

Westwood Holdings Group Inc. cut its stake in National Bank Holdings Co. (NYSE:NBHC) by 1.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 925,773 shares of the financial services provider’s stock after selling 9,346 shares during the period. Westwood Holdings Group Inc.’s holdings in National Bank were worth $36,151,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Innealta Capital LLC acquired a new position in shares of National Bank during the second quarter worth about $41,000. Meeder Asset Management Inc. bought a new stake in National Bank in the 2nd quarter valued at approximately $52,000. Quest Partners LLC acquired a new position in National Bank during the 4th quarter worth approximately $194,000. Choreo LLC bought a new position in shares of National Bank during the 2nd quarter worth approximately $209,000. Finally, ProShare Advisors LLC raised its holdings in shares of National Bank by 7.4% in the first quarter. ProShare Advisors LLC now owns 7,450 shares of the financial services provider’s stock valued at $269,000 after purchasing an additional 513 shares during the last quarter. Institutional investors own 92.65% of the company’s stock.

Insider Buying and Selling at National Bank

In other 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 transaction 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 SEC, which is accessible through this link. In other National Bank news, Director Patrick G. Sobers sold 18,738 shares of the company’s stock in a transaction on Friday, July 26th. The stock was sold at an average price of $43.10, for a total value of $807,607.80. Following the transaction, the director now directly owns 20,788 shares of the company’s stock, valued at approximately $895,962.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Valerie D. Kramer sold 725 shares of National Bank stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $40.17, for a total value of $29,123.25. Following the sale, the insider now directly owns 10,398 shares of the company’s stock, valued at approximately $417,687.66. The disclosure for this sale can be found here. Insiders have sold a total of 103,192 shares of company stock worth $4,431,998 over the last ninety days. Insiders own 3.10% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on NBHC. Piper Sandler cut shares of National Bank from an “overweight” rating to a “neutral” rating and increased their target price for the stock from $42.00 to $46.00 in a report on Thursday, July 25th. Keefe, Bruyette & Woods increased their price objective on shares of National Bank from $39.00 to $45.00 and gave the stock a “market perform” rating in a research note on Monday, July 29th. Hovde Group lifted their target price on National Bank from $42.00 to $50.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. StockNews.com lowered National Bank from a “hold” rating to a “sell” rating in a report on Wednesday, July 24th. Finally, DA Davidson raised their price target on National Bank from $42.00 to $45.00 and gave the company a “buy” rating in a research note on Tuesday, July 2nd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, National Bank presently has a consensus rating of “Hold” and an average price target of $46.40.

National Bank Stock Down 2.1 %

Shares of NBHC stock opened at $42.29 on Friday. National Bank Holdings Co. has a 52-week low of $28.38 and a 52-week high of $46.51. 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 stock has a market cap of $1.60 billion, a price-to-earnings ratio of 12.15 and a beta of 0.85. The firm’s 50-day moving average is $42.03 and its 200-day moving average is $37.96.

National Bank (NYSE:NBHC) last released its quarterly earnings data on Tuesday, July 23rd. The financial services provider reported $0.68 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.06). National Bank had a net margin of 21.40% and a return on equity of 10.44%. The business had revenue of $99.31 million during the quarter, compared to analyst estimates of $102.96 million. During the same period in the previous year, the business earned $0.85 earnings per share. The business’s quarterly revenue was down 5.5% on a year-over-year basis. Sell-side analysts predict that National Bank Holdings Co. will post 3.03 EPS for the current year.

National Bank Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were given a dividend of $0.28 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $1.12 dividend on an annualized basis and a yield of 2.65%. National Bank’s dividend payout ratio (DPR) is 32.18%.

National Bank 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.