Louisiana State Employees Retirement System Sells 700 Shares of National Bank Holdings Co. (NYSE:NBHC)

Louisiana State Employees Retirement System trimmed its stake in shares of National Bank Holdings Co. (NYSE:NBHC) by 3.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,300 shares of the financial services provider’s stock after selling 700 shares during the quarter. Louisiana State Employees Retirement System’s holdings in National Bank were worth $770,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in NBHC. Innealta Capital LLC bought a new stake in shares of National Bank during the 2nd quarter valued at about $41,000. Meeder Asset Management Inc. acquired a new position in National Bank in the second quarter valued at approximately $52,000. Choreo LLC bought a new position in shares of National Bank during the 2nd quarter worth approximately $209,000. ProShare Advisors LLC grew its position in shares of 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 buying an additional 513 shares during the period. Finally, Intech Investment Management LLC bought a new stake in shares of National Bank in the 2nd quarter valued at $319,000. 92.65% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

NBHC has been the subject of a number of research reports. Hovde Group raised their price target on shares of National Bank from $50.00 to $51.00 and gave the stock an “outperform” rating in a report on Monday, October 28th. StockNews.com downgraded National Bank from a “hold” rating to a “sell” rating in a research note on Wednesday, July 24th. Stephens upped their price target on National Bank from $46.00 to $49.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 24th. Keefe, Bruyette & Woods boosted 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. Finally, Piper Sandler upped their target price on National Bank from $44.00 to $48.00 and gave the stock a “neutral” rating in a research report on Thursday, October 24th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, National Bank presently has a consensus rating of “Hold” and a consensus price target of $49.20.

Insider Activity

In other news, Director Ralph W. Clermont sold 10,000 shares of National Bank stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $44.18, for a total transaction of $441,800.00. Following the sale, the director now directly owns 66,653 shares in the company, valued at $2,944,729.54. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, Director Art Zeile sold 3,875 shares of the company’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $41.27, for a total transaction of $159,921.25. Following the transaction, the director now owns 16,202 shares of the company’s stock, valued at $668,656.54. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ralph W. Clermont sold 10,000 shares of National Bank stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $44.18, for a total value of $441,800.00. Following the completion of the sale, the director now directly owns 66,653 shares of the company’s stock, valued at approximately $2,944,729.54. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 34,691 shares of company stock valued at $1,502,496 over the last three months. Corporate insiders own 3.10% of the company’s stock.

National Bank Stock Down 1.1 %

NBHC stock opened at $44.19 on Tuesday. The stock’s 50 day moving average is $42.54 and its 200-day moving average is $39.80. National Bank Holdings Co. has a twelve month low of $31.24 and a twelve month high of $46.82. The firm has a market capitalization of $1.68 billion, a PE ratio of 13.68 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 posted its quarterly earnings data on Tuesday, October 22nd. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.76 by $0.10. National Bank had a net margin of 20.52% and a return on equity of 9.93%. The firm had revenue of $156.39 million for the quarter, compared to the consensus estimate of $102.32 million. During the same period in the previous year, the firm earned $0.94 EPS. Sell-side analysts expect that National Bank Holdings Co. will post 3.13 EPS for the current fiscal year.

National Bank Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be given a dividend of $0.29 per share. The ex-dividend date is Friday, November 29th. This represents a $1.16 annualized dividend and a dividend yield of 2.63%. This is a boost from National Bank’s previous quarterly dividend of $0.28. National Bank’s dividend payout ratio (DPR) is currently 35.91%.

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.