UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 4,913 Shares of National Bank Holdings Co. (NYSE:NBHC)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its holdings in shares of National Bank Holdings Co. (NYSE:NBHC) by 5.7% in the third quarter, Holdings Channel.com reports. The firm owned 81,656 shares of the financial services provider’s stock after selling 4,913 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in National Bank were worth $3,438,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of NBHC. Dimensional Fund Advisors LP increased its holdings in shares of National Bank by 9.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,950,210 shares of the financial services provider’s stock worth $76,152,000 after buying an additional 167,711 shares during the last quarter. Natixis Advisors LLC grew its position in National Bank by 99.2% in the second quarter. Natixis Advisors LLC now owns 29,816 shares of the financial services provider’s stock worth $1,164,000 after acquiring an additional 14,850 shares in the last quarter. Victory Capital Management Inc. increased its stake in National Bank by 12,407.1% in the second quarter. Victory Capital Management Inc. now owns 1,824,912 shares of the financial services provider’s stock valued at $71,263,000 after acquiring an additional 1,810,321 shares during the last quarter. Principal Financial Group Inc. raised its position in National Bank by 36.1% during the third quarter. Principal Financial Group Inc. now owns 786,096 shares of the financial services provider’s stock valued at $33,095,000 after purchasing an additional 208,303 shares in the last quarter. Finally, SG Americas Securities LLC bought a new stake in National Bank during the third quarter worth about $491,000. Institutional investors own 92.65% of the company’s stock.

National Bank Trading Up 0.2 %

Shares of National Bank stock opened at $46.35 on Friday. National Bank Holdings Co. has a 1 year low of $32.13 and a 1 year high of $51.76. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.92 and a quick ratio of 0.92. The stock has a market cap of $1.76 billion, a PE ratio of 14.35 and a beta of 0.84. The firm has a fifty day moving average price of $45.97 and a 200 day moving average price of $42.25.

National Bank (NYSE:NBHC) last issued its quarterly earnings data 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. The business had revenue of $156.39 million during the quarter, compared to the consensus estimate of $102.32 million. National Bank had a net margin of 20.52% and a return on equity of 9.93%. During the same quarter in the prior year, the firm posted $0.94 earnings per share. Equities research analysts predict that National Bank Holdings Co. will post 3.18 earnings per share for the current year.

National Bank Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were issued a dividend of $0.29 per share. This is a positive change from National Bank’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Friday, November 29th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.50%. National Bank’s dividend payout ratio is presently 35.91%.

Insider Activity

In related news, insider Richard U. Jr. Newfield sold 19,259 shares of the firm’s stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $49.81, for a total transaction of $959,290.79. Following the completion of the transaction, the insider now directly owns 143,210 shares in the company, valued at $7,133,290.10. This trade represents a 11.85 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Valerie D. Kramer sold 1,275 shares of the stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $49.62, for a total transaction of $63,265.50. Following the sale, the insider now owns 10,652 shares in the company, valued at approximately $528,552.24. This trade represents a 10.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 21,431 shares of company stock worth $1,067,505 over the last three months. Insiders own 3.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on NBHC. Piper Sandler raised their price objective on National Bank from $44.00 to $48.00 and gave the company a “neutral” rating in a research note on Thursday, October 24th. Hovde Group lowered National Bank from an “outperform” rating to a “market perform” rating and set a $55.00 price target for the company. in a research note on Monday, November 18th. Stephens lifted their price target on shares of National Bank from $46.00 to $49.00 and gave the company an “equal weight” rating in a report on Thursday, October 24th. Keefe, Bruyette & Woods increased their price target on shares of National Bank from $47.00 to $52.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th. Finally, DA Davidson lifted their price target on National Bank from $51.00 to $53.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $51.40.

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.