ProShare Advisors LLC Decreases Stock Position in National Bank Holdings Co. (NYSE:NBHC)

ProShare Advisors LLC decreased its position in shares of National Bank Holdings Co. (NYSE:NBHC) by 23.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,692 shares of the financial services provider’s stock after selling 1,758 shares during the period. ProShare Advisors LLC’s holdings in National Bank were worth $222,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of 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 valued at $156,955,000 after buying an additional 25,349 shares in the last quarter. Boston Partners raised its position in National Bank by 743.6% during the first quarter. Boston Partners now owns 200,094 shares of the financial services provider’s stock valued at $7,211,000 after purchasing an additional 176,375 shares during the period. Wellington Management Group LLP raised its position in National Bank by 6.5% during the fourth quarter. Wellington Management Group LLP now owns 3,904,987 shares of the financial services provider’s stock valued at $145,226,000 after purchasing an additional 239,401 shares during the period. Westwood Holdings Group Inc. boosted its holdings in shares of National Bank by 2.1% in the 1st quarter. Westwood Holdings Group Inc. now owns 935,119 shares of the financial services provider’s stock worth $33,730,000 after purchasing an additional 19,016 shares during the period. Finally, Dimensional Fund Advisors LP increased 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 purchasing an additional 167,711 shares during the last quarter. 92.65% of the stock is owned by institutional investors.

National Bank Price Performance

Shares of NBHC stock opened at $41.13 on Friday. The company has a market capitalization of $1.56 billion, a P/E ratio of 11.82 and a beta of 0.85. The company’s 50-day simple moving average is $41.45 and its two-hundred day simple moving average is $38.44. National Bank Holdings Co. has a one year low of $28.38 and a one year high of $46.51. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.93 and a quick ratio of 0.93.

National Bank (NYSE:NBHC) last announced its quarterly earnings data on Tuesday, July 23rd. The financial services provider reported $0.68 earnings per share (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 firm had revenue of $99.31 million during the quarter, compared to the consensus estimate of $102.96 million. During the same period last year, the company earned $0.85 EPS. The firm’s revenue for the quarter was down 5.5% compared to the same quarter last year. As a group, equities analysts anticipate that National Bank Holdings Co. will post 3.03 EPS for the current year.

National Bank Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 2.72%. The ex-dividend date was Friday, August 30th. National Bank’s dividend payout ratio (DPR) is presently 32.18%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on NBHC. DA Davidson raised their price target on 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 upped their price target on shares of National Bank from $42.00 to $50.00 and gave the company an “outperform” rating in a report on Friday, July 26th. Piper Sandler lowered shares of National Bank from an “overweight” rating to a “neutral” rating and increased their price objective for the stock from $42.00 to $46.00 in a research report on Thursday, July 25th. StockNews.com lowered National Bank from a “hold” rating to a “sell” rating in a research report on Wednesday, July 24th. Finally, Stephens increased 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. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $46.40.

Insiders Place Their Bets

In other news, insider Valerie D. Kramer sold 725 shares of the business’s stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $40.17, for a total value 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. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, insider Valerie D. Kramer sold 725 shares of National Bank stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $40.17, for a total value of $29,123.25. Following the transaction, the insider now directly 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 hyperlink. Also, Director Patrick G. Sobers sold 18,738 shares of the company’s 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 sale, the director now owns 20,788 shares of the company’s stock, valued at $895,962.80. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 103,192 shares of company stock worth $4,431,998 in the last three months. Corporate insiders own 3.10% of the company’s stock.

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.