National Bank Holdings Co. (NYSE:NBHC) Shares Purchased by Fmr LLC

Fmr LLC raised its holdings in National Bank Holdings Co. (NYSE:NBHC) by 359.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,627 shares of the financial services provider’s stock after purchasing an additional 5,968 shares during the quarter. Fmr LLC’s holdings in National Bank were worth $321,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Innealta Capital LLC purchased a new position in shares of National Bank in the 2nd quarter valued at about $41,000. Meeder Asset Management Inc. acquired a new position in National Bank during the second quarter worth about $52,000. Assetmark Inc. purchased a new position in National Bank in the third quarter valued at about $71,000. Atria Investments Inc acquired a new stake in shares of National Bank during the 3rd quarter valued at approximately $202,000. Finally, Choreo LLC purchased a new stake in shares of National Bank during the 2nd quarter worth approximately $209,000. 92.65% of the stock is owned by hedge funds and other institutional investors.

National Bank Stock Performance

NYSE NBHC opened at $43.15 on Friday. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.04. The stock has a market cap of $1.64 billion, a price-to-earnings ratio of 13.36 and a beta of 0.84. National Bank Holdings Co. has a fifty-two week low of $32.13 and a fifty-two week high of $51.76. The business has a fifty day moving average of $46.38 and a 200-day moving average of $42.58.

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

National Bank Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were paid a dividend of $0.29 per share. This is an increase from National Bank’s previous quarterly dividend of $0.28. The ex-dividend date was Friday, November 29th. This represents a $1.16 annualized dividend and a dividend yield of 2.69%. National Bank’s dividend payout ratio is presently 35.91%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on NBHC. Stephens raised their price objective on National Bank from $46.00 to $49.00 and gave the company an “equal weight” rating in a research note on Thursday, October 24th. DA Davidson upped their target price on National Bank from $51.00 to $53.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Piper Sandler lifted their price target on National Bank from $44.00 to $48.00 and gave the stock a “neutral” rating in a research note on Thursday, October 24th. Keefe, Bruyette & Woods increased their price objective on shares of National Bank from $47.00 to $52.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. Finally, Hovde Group downgraded shares of National Bank from an “outperform” rating to a “market perform” rating and set a $55.00 target price for the company. in a report on Monday, November 18th. One investment 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’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $51.40.

Insider Buying and Selling

In other news, insider Valerie D. Kramer sold 1,275 shares of the stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $49.62, for a total transaction of $63,265.50. Following the transaction, the insider now directly owns 10,652 shares in the company, valued at $528,552.24. This represents a 10.69 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Richard U. Jr. Newfield sold 19,259 shares of the business’s stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $49.81, for a total transaction of $959,290.79. Following the completion of the sale, the insider now owns 143,210 shares of the company’s stock, valued at approximately $7,133,290.10. The trade was a 11.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 21,431 shares of company stock worth $1,067,505. 3.10% of the stock is owned by insiders.

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.