Natixis Advisors LLC Has $1.48 Million Stake in National Bank Holdings Co. (NYSE:NBHC)

Natixis Advisors LLC boosted its stake in shares of National Bank Holdings Co. (NYSE:NBHC) by 17.6% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 35,068 shares of the financial services provider’s stock after purchasing an additional 5,252 shares during the quarter. Natixis Advisors LLC’s holdings in National Bank were worth $1,476,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in NBHC. Innealta Capital LLC bought a new stake in shares of National Bank in the 2nd quarter worth about $41,000. Meeder Asset Management Inc. bought a new stake in National Bank during the second quarter worth about $52,000. Assetmark Inc. acquired a new stake in shares of National Bank during the third quarter worth approximately $71,000. Atria Investments Inc bought a new position in shares of National Bank in the third quarter valued at approximately $202,000. Finally, Choreo LLC acquired a new position in shares of National Bank in the 2nd quarter worth approximately $209,000. 92.65% of the stock is owned by institutional investors.

Insider Buying and Selling

In other National Bank news, insider Richard U. Jr. Newfield sold 19,259 shares of the stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $49.81, for a total value of $959,290.79. Following the sale, the insider now directly owns 143,210 shares in the company, valued at approximately $7,133,290.10. This trade represents a 11.85 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Valerie D. Kramer sold 897 shares of the business’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $50.11, for a total transaction of $44,948.67. Following the completion of the transaction, the insider now directly owns 9,755 shares of the company’s stock, valued at $488,823.05. This trade represents a 8.42 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 25,181 shares of company stock valued at $1,230,667 over the last three months. Company insiders own 3.10% of the company’s stock.

National Bank Stock Performance

Shares of NYSE:NBHC opened at $49.39 on Tuesday. The stock has a market capitalization of $1.88 billion, a P/E ratio of 15.29 and a beta of 0.84. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.04. National Bank Holdings Co. has a 1-year low of $32.13 and a 1-year high of $51.76. The business has a 50-day moving average price of $44.27 and a two-hundred day moving average price of $41.22.

National Bank (NYSE:NBHC) last posted its quarterly earnings results on Tuesday, October 22nd. The financial services provider reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.76 by $0.10. National Bank had a net margin of 20.52% and a return on equity of 9.93%. The business had revenue of $156.39 million during the quarter, compared to the consensus estimate of $102.32 million. During the same period in the previous year, the firm posted $0.94 earnings per share. Equities analysts predict that National Bank Holdings Co. will post 3.18 earnings per share for the current year.

National Bank Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be given a $0.29 dividend. This is a positive change from National Bank’s previous quarterly dividend of $0.28. This represents a $1.16 annualized dividend and a dividend yield of 2.35%. The ex-dividend date is Friday, November 29th. National Bank’s dividend payout ratio (DPR) is currently 35.91%.

Analysts Set New Price Targets

NBHC has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods raised their price target on National Bank from $39.00 to $45.00 and gave the company a “market perform” rating in a report on Monday, July 29th. Piper Sandler raised their target price on National Bank from $44.00 to $48.00 and gave the company a “neutral” rating in a research note on Thursday, October 24th. DA Davidson upped their price target on shares of National Bank from $51.00 to $53.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Hovde Group cut shares of National Bank from an “outperform” rating to a “market perform” rating and set a $55.00 price objective for the company. in a research report on Monday, November 18th. Finally, Stephens upped their target price on shares of National Bank from $46.00 to $49.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $50.00.

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.