Thrivent Financial for Lutherans Sells 1,624 Shares of National Bank Holdings Co. (NYSE:NBHC)

Thrivent Financial for Lutherans lowered its position in National Bank Holdings Co. (NYSE:NBHC) by 5.2% during the 3rd quarter, HoldingsChannel reports. The firm owned 29,776 shares of the financial services provider’s stock after selling 1,624 shares during the period. Thrivent Financial for Lutherans’ holdings in National Bank were worth $1,254,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Victory Capital Management Inc. grew its position in National Bank by 56.0% during the third quarter. Victory Capital Management Inc. now owns 2,846,741 shares of the financial services provider’s stock worth $119,848,000 after buying an additional 1,021,829 shares in the last quarter. Dimensional Fund Advisors LP boosted 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 valued at $76,152,000 after acquiring an additional 167,711 shares during the last quarter. Principal Financial Group Inc. boosted its position in shares of National Bank by 36.1% during the 3rd quarter. Principal Financial Group Inc. now owns 786,096 shares of the financial services provider’s stock valued at $33,095,000 after acquiring an additional 208,303 shares during the last quarter. American Century Companies Inc. grew its holdings in shares of National Bank by 154.8% during the second quarter. American Century Companies Inc. now owns 377,929 shares of the financial services provider’s stock worth $14,758,000 after purchasing an additional 229,630 shares in the last quarter. Finally, Leeward Investments LLC MA increased its position in shares of National Bank by 64.2% in the third quarter. Leeward Investments LLC MA now owns 374,638 shares of the financial services provider’s stock worth $15,772,000 after purchasing an additional 146,494 shares during the last quarter. Hedge funds and other institutional investors own 92.65% of the company’s stock.

National Bank Stock Performance

National Bank stock opened at $47.74 on Monday. The firm has a fifty day simple moving average of $44.90 and a two-hundred day simple moving average of $41.67. National Bank Holdings Co. has a twelve month low of $32.13 and a twelve month high of $51.76. The company has a market capitalization of $1.81 billion, a PE ratio of 14.78 and a beta of 0.84. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.04.

National Bank (NYSE:NBHC) last issued 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. The company had revenue of $156.39 million during the quarter, compared to analysts’ expectations of $102.32 million. National Bank had a return on equity of 9.93% and a net margin of 20.52%. During the same period in the prior year, the business posted $0.94 EPS. Research analysts expect that National Bank Holdings Co. will post 3.18 EPS for the current year.

National Bank Increases Dividend

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

Insider Activity at National Bank

In other news, insider Richard U. Jr. Newfield sold 19,259 shares of the business’s stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $49.81, for a total transaction of $959,290.79. Following the transaction, the insider now directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Valerie D. Kramer sold 1,275 shares of the firm’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $49.62, for a total value of $63,265.50. Following the completion of the sale, the insider now directly owns 10,652 shares of the company’s stock, valued at $528,552.24. The trade was a 10.69 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 25,181 shares of company stock worth $1,230,667 in the last three months. 3.10% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

NBHC has been the subject of several research analyst reports. Stephens lifted their target price on shares of National Bank from $46.00 to $49.00 and gave the company an “equal weight” rating in a research report on Thursday, October 24th. Hovde Group lowered 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 research report on Monday, November 18th. DA Davidson raised 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. Finally, Piper Sandler increased their price objective on National Bank from $44.00 to $48.00 and gave the company a “neutral” 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 stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $50.00.

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.