National Bank Holdings Co. (NYSE:NBHC) Position Decreased by True North Advisors LLC

True North Advisors LLC reduced its holdings in National Bank Holdings Co. (NYSE:NBHC) by 27.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,091 shares of the financial services provider’s stock after selling 3,875 shares during the quarter. True North Advisors LLC’s holdings in National Bank were worth $425,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Louisiana State Employees Retirement System increased 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 buying an additional 300 shares in the last quarter. Texas Permanent School Fund Corp raised its holdings in National Bank by 1.4% during the 1st quarter. Texas Permanent School Fund Corp now owns 33,069 shares of the financial services provider’s stock worth $1,193,000 after buying an additional 449 shares during the period. Rhumbline Advisers raised its holdings in shares of National Bank by 0.4% during 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 during the period. ProShare Advisors LLC grew its position in National Bank by 7.4% during the 1st quarter. ProShare Advisors LLC now owns 7,450 shares of the financial services provider’s stock worth $269,000 after purchasing an additional 513 shares in the last quarter. Finally, Innealta Capital LLC purchased a new stake in National Bank in the 2nd quarter worth about $41,000. 92.65% of the stock is owned by institutional investors and hedge funds.

National Bank Stock Performance

NBHC opened at $40.88 on Wednesday. National Bank Holdings Co. has a 12-month low of $28.38 and a 12-month high of $46.51. The firm has a market capitalization of $1.55 billion, a P/E ratio of 11.75 and a beta of 0.85. The stock’s 50 day moving average price is $41.39 and its two-hundred day moving average price is $38.54. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.07.

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

National Bank Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were issued a $0.28 dividend. The ex-dividend date was Friday, August 30th. This represents a $1.12 annualized dividend and a yield of 2.74%. National Bank’s dividend payout ratio (DPR) is 32.18%.

Insider Activity

In related news, CEO G. Timothy Laney sold 49,763 shares of the stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $42.64, for a total value of $2,121,894.32. Following the completion of the transaction, the chief executive officer now owns 272,126 shares of the company’s stock, valued at $11,603,452.64. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, insider Valerie D. Kramer sold 725 shares of the firm’s stock in a transaction that occurred on 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 of the company’s stock, valued at $417,687.66. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO G. Timothy Laney sold 49,763 shares of the company’s stock in a transaction on Monday, July 29th. The stock was sold at an average price of $42.64, for a total value of $2,121,894.32. Following the transaction, the chief executive officer now directly owns 272,126 shares in the company, valued at approximately $11,603,452.64. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 103,192 shares of company stock worth $4,431,998. 3.10% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on NBHC. Keefe, Bruyette & Woods upped their target price on National Bank from $39.00 to $45.00 and gave the company a “market perform” rating in a report on Monday, July 29th. Stephens lifted their price objective on National Bank from $38.00 to $46.00 and gave the company an “equal weight” rating in a research report on Thursday, July 25th. DA Davidson lifted their price target on National Bank from $42.00 to $45.00 and gave the company a “buy” rating in a report on Tuesday, July 2nd. StockNews.com cut shares of National Bank from a “hold” rating to a “sell” rating in a research note on Wednesday, July 24th. Finally, Piper Sandler lowered shares of National Bank from an “overweight” rating to a “neutral” rating and lifted their price objective for the company from $42.00 to $46.00 in a research note on Thursday, July 25th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $46.40.

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.