SG Americas Securities LLC Purchases New Shares in National Bank Holdings Co. (NYSE:NBHC)

SG Americas Securities LLC purchased a new stake in National Bank Holdings Co. (NYSE:NBHC) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 11,656 shares of the financial services provider’s stock, valued at approximately $491,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Innealta Capital LLC purchased a new stake in National Bank in the 2nd quarter valued at $41,000. Meeder Asset Management Inc. purchased a new stake in shares of National Bank during the 2nd quarter valued at $52,000. Choreo LLC purchased a new stake in shares of National Bank during the 2nd quarter valued at $209,000. ProShare Advisors LLC increased its position in shares of National Bank by 7.4% during the 1st 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. Finally, Intech Investment Management LLC purchased a new stake in shares of National Bank during the 2nd quarter valued at $319,000. 92.65% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. StockNews.com lowered National Bank from a “hold” rating to a “sell” rating in a research report on Wednesday, July 24th. Keefe, Bruyette & Woods raised their target price on National Bank from $39.00 to $45.00 and gave the company a “market perform” rating in a research report on Monday, July 29th. Piper Sandler lowered National Bank from an “overweight” rating to a “neutral” rating and lifted their price objective for the stock from $42.00 to $46.00 in a report on Thursday, July 25th. Stephens lifted their price objective on National Bank from $38.00 to $46.00 and gave the stock an “equal weight” rating in a report on Thursday, July 25th. Finally, Hovde Group lifted their price objective on National Bank from $42.00 to $50.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $46.40.

National Bank Stock Up 1.8 %

Shares of NYSE NBHC opened at $43.78 on Thursday. National Bank Holdings Co. has a 52 week low of $28.38 and a 52 week high of $46.51. The business has a 50-day simple moving average of $41.69 and a two-hundred day simple moving average of $38.80. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.07. The company has a market cap of $1.66 billion, a P/E ratio of 12.58 and a beta of 0.85.

National Bank (NYSE:NBHC) last issued its earnings results on Tuesday, July 23rd. The financial services provider reported $0.68 EPS for the quarter, missing the consensus estimate of $0.74 by ($0.06). National Bank had a return on equity of 10.44% and a net margin of 21.40%. The company had revenue of $99.31 million during the quarter, compared to the consensus estimate of $102.96 million. During the same quarter in the prior year, the business earned $0.85 EPS. The firm’s revenue for the quarter was down 5.5% compared to the same quarter last year. Research analysts anticipate that National Bank Holdings Co. will post 3.03 earnings per share for the current fiscal year.

National Bank Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were paid a $0.28 dividend. The ex-dividend date was Friday, August 30th. This represents a $1.12 annualized dividend and a yield of 2.56%. National Bank’s dividend payout ratio is currently 32.18%.

Insiders Place Their Bets

In other news, insider Valerie D. Kramer sold 725 shares of National Bank stock in a transaction dated Tuesday, August 13th. The stock was 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. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, insider Valerie D. Kramer sold 725 shares of National Bank stock in a transaction dated Tuesday, August 13th. The stock was 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. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Art Zeile sold 3,875 shares of National Bank stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $41.27, for a total value of $159,921.25. Following the sale, the director now owns 16,202 shares of the company’s stock, valued at approximately $668,656.54. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 103,192 shares of company stock worth $4,431,998 in the last quarter. 3.10% of the stock is owned by company insiders.

National Bank Company 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.