Assetmark Inc. Invests $71,000 in National Bank Holdings Co. (NYSE:NBHC)

Assetmark Inc. bought a new stake in National Bank Holdings Co. (NYSE:NBHC) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 1,682 shares of the financial services provider’s stock, valued at approximately $71,000.

Several other institutional investors also recently modified their holdings of the business. Louisiana State Employees Retirement System grew its holdings in shares of National Bank by 1.6% in the second quarter. Louisiana State Employees Retirement System now owns 19,000 shares of the financial services provider’s stock valued at $742,000 after acquiring an additional 300 shares in the last quarter. Rhumbline Advisers grew its holdings in shares of National Bank by 0.4% in the second quarter. Rhumbline Advisers now owns 126,304 shares of the financial services provider’s stock valued at $4,932,000 after acquiring an additional 492 shares in the last quarter. ProShare Advisors LLC grew its holdings in National Bank by 7.4% during the first 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 period. Innealta Capital LLC bought a new position in National Bank during the second quarter valued at $41,000. Finally, CANADA LIFE ASSURANCE Co grew its holdings in National Bank by 3.8% during the first quarter. CANADA LIFE ASSURANCE Co now owns 30,130 shares of the financial services provider’s stock valued at $1,086,000 after purchasing an additional 1,100 shares during the period. 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 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 sale, the insider now owns 143,210 shares in the company, valued at $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 available at this hyperlink. Also, insider Valerie D. Kramer sold 897 shares of the firm’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $50.11, for a total value of $44,948.67. Following the sale, the insider now owns 9,755 shares in the company, valued at $488,823.05. The trade was a 8.42 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 51,522 shares of company stock worth $2,380,956. Corporate insiders own 3.10% of the company’s stock.

National Bank Trading Down 1.6 %

NYSE:NBHC opened at $47.81 on Tuesday. The company has a market cap of $1.81 billion, a P/E ratio of 15.04 and a beta of 0.84. The stock’s fifty day moving average price is $43.59 and its two-hundred day moving average price is $40.76. 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.

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

National Bank Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be given a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.43%. The ex-dividend date is Friday, November 29th. This is an increase from National Bank’s previous quarterly dividend of $0.28. National Bank’s dividend payout ratio (DPR) is 34.67%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on NBHC. Keefe, Bruyette & Woods increased their price objective on National Bank from $39.00 to $45.00 and gave the company a “market perform” rating in a report on Monday, July 29th. DA Davidson increased their price objective on National Bank from $51.00 to $53.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Stephens increased their price objective on National Bank from $46.00 to $49.00 and gave the company an “equal weight” rating in a report on Thursday, October 24th. Hovde Group lowered National Bank from an “outperform” rating to a “market perform” rating and set a $55.00 price objective for the company. in a report on Monday. Finally, StockNews.com lowered National Bank from a “hold” rating to a “sell” rating in a report on Wednesday, July 24th. One 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’s stock. According to MarketBeat.com, National Bank currently has an average rating of “Hold” and a consensus 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.