American Century Companies Inc. Has $14.76 Million Holdings in National Bank Holdings Co. (NYSE:NBHC)

American Century Companies Inc. grew its holdings in National Bank Holdings Co. (NYSE:NBHC) by 154.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 377,929 shares of the financial services provider’s stock after buying an additional 229,630 shares during the period. American Century Companies Inc. owned 1.00% of National Bank worth $14,758,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Elizabeth Park Capital Advisors Ltd. acquired a new position in National Bank in the 4th quarter valued at about $2,408,000. Vanguard Group Inc. lifted its holdings in National Bank by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 4,220,345 shares of the financial services provider’s stock worth $156,955,000 after purchasing an additional 25,349 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in National Bank by 5.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,678,537 shares of the financial services provider’s stock worth $62,426,000 after purchasing an additional 79,519 shares during the last quarter. Hsbc Holdings PLC lifted its holdings in National Bank by 1,015.3% during the 4th quarter. Hsbc Holdings PLC now owns 235,268 shares of the financial services provider’s stock worth $8,754,000 after purchasing an additional 214,174 shares during the last quarter. Finally, Boston Partners lifted its holdings in National Bank by 743.6% during the 1st quarter. Boston Partners now owns 200,094 shares of the financial services provider’s stock worth $7,211,000 after purchasing an additional 176,375 shares during the last quarter. 92.65% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Patrick G. Sobers sold 18,738 shares of National Bank stock in a transaction on Friday, July 26th. The stock was sold at an average price of $43.10, for a total value of $807,607.80. Following the transaction, the director now owns 20,788 shares in the company, valued at approximately $895,962.80. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, Director Patrick G. Sobers sold 18,738 shares of National Bank stock in a transaction on Friday, July 26th. The stock was sold at an average price of $43.10, for a total value of $807,607.80. Following the transaction, the director now owns 20,788 shares in the company, valued at approximately $895,962.80. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Art Zeile sold 3,875 shares of National Bank stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $41.27, for a total value of $159,921.25. Following the completion of the transaction, the director now owns 16,202 shares in the company, valued at approximately $668,656.54. The disclosure for this sale can be found here. In the last quarter, insiders have sold 103,192 shares of company stock worth $4,431,998. Insiders own 3.10% of the company’s stock.

National Bank Price Performance

Shares of NYSE NBHC opened at $42.29 on Friday. The stock has a market capitalization of $1.60 billion, a PE ratio of 12.15 and a beta of 0.85. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.93 and a quick ratio of 0.93. The business has a fifty day moving average price of $42.03 and a two-hundred day moving average price of $37.96. National Bank Holdings Co. has a fifty-two week low of $28.38 and a fifty-two week high of $46.51.

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

National Bank Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 13th. Stockholders 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 dividend yield of 2.65%. National Bank’s payout ratio is 32.18%.

Analysts Set New Price Targets

Several analysts recently weighed in on NBHC shares. Piper Sandler cut National Bank from an “overweight” rating to a “neutral” rating and lifted their price target for the stock from $42.00 to $46.00 in a report on Thursday, July 25th. Stephens lifted their price target on National Bank from $38.00 to $46.00 and gave the stock an “equal weight” rating in a report on Thursday, July 25th. DA Davidson lifted their price target on National Bank from $42.00 to $45.00 and gave the stock a “buy” rating in a report on Tuesday, July 2nd. Keefe, Bruyette & Woods lifted their price target on National Bank from $39.00 to $45.00 and gave the stock a “market perform” rating in a report on Monday, July 29th. Finally, Hovde Group lifted their price target on National Bank from $42.00 to $50.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $46.40.

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.