National Bank Holdings Co. (NYSE:NBHC) Shares Bought by Public Sector Pension Investment Board

Public Sector Pension Investment Board lifted its holdings in shares of National Bank Holdings Co. (NYSE:NBHC) by 7.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 83,181 shares of the financial services provider’s stock after buying an additional 5,731 shares during the period. Public Sector Pension Investment Board’s holdings in National Bank were worth $3,248,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Intech Investment Management LLC bought a new stake in National Bank during the 2nd quarter valued at $319,000. Dimensional Fund Advisors LP raised its position in shares of National Bank by 9.4% during 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 in the last quarter. Meeder Asset Management Inc. acquired a new stake in shares of National Bank in the 2nd quarter worth approximately $52,000. American Century Companies Inc. boosted its holdings in shares of National Bank by 154.8% in the second quarter. American Century Companies Inc. now owns 377,929 shares of the financial services provider’s stock valued at $14,758,000 after acquiring an additional 229,630 shares in the last quarter. Finally, Texas Permanent School Fund Corp increased its stake in shares of National Bank by 10.2% during the second quarter. Texas Permanent School Fund Corp now owns 36,444 shares of the financial services provider’s stock valued at $1,423,000 after acquiring an additional 3,375 shares during the period. 92.65% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, insider Valerie D. Kramer sold 725 shares of the stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $40.17, for a total transaction of $29,123.25. Following the sale, the insider now directly owns 10,398 shares of the company’s stock, valued at $417,687.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other National Bank news, CEO G. Timothy Laney sold 49,763 shares of the company’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $42.64, for a total transaction of $2,121,894.32. Following the transaction, the chief executive officer now directly owns 272,126 shares in the company, valued at approximately $11,603,452.64. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, 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 transaction, the insider now directly owns 10,398 shares in the company, valued at approximately $417,687.66. The disclosure for this sale can be found here. Over the last three months, insiders sold 103,192 shares of company stock valued at $4,431,998. Insiders own 3.10% of the company’s stock.

Wall Street Analysts Forecast Growth

NBHC has been the topic of several research reports. Piper Sandler cut shares of National Bank from an “overweight” rating to a “neutral” rating and boosted their price target for the stock from $42.00 to $46.00 in a research report on Thursday, July 25th. Keefe, Bruyette & Woods increased 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. DA Davidson lifted their price target on shares of National Bank from $42.00 to $45.00 and gave the stock a “buy” rating in a research report on Tuesday, July 2nd. Hovde Group increased their price objective on National Bank from $42.00 to $50.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. Finally, Stephens raised their price objective on shares of National Bank from $38.00 to $46.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 25th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $46.40.

National Bank Stock Performance

NYSE NBHC opened at $41.37 on Friday. The firm has a market cap of $1.56 billion, a price-to-earnings ratio of 11.89 and a beta of 0.85. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.07. National Bank Holdings Co. has a 1-year low of $28.38 and a 1-year high of $46.51. The company has a 50 day moving average of $41.82 and a 200-day moving average of $38.12.

National Bank (NYSE:NBHC) last posted its quarterly earnings data 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). National Bank had a return on equity of 10.44% and a net margin of 21.40%. 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 prior year, the firm posted $0.85 EPS. National Bank’s revenue for the quarter was down 5.5% compared to the same quarter last year. On average, equities analysts forecast that National Bank Holdings Co. will post 3.03 earnings per share for the current fiscal 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 $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 2.71%. The ex-dividend date was Friday, August 30th. National Bank’s payout ratio is presently 32.18%.

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.