Assetmark Inc. Takes Position in National Bank Holdings Co. (NYSE:NBHC)

Assetmark Inc. purchased a new stake in shares of National Bank Holdings Co. (NYSE:NBHC) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 1,682 shares of the financial services provider’s stock, valued at approximately $71,000.

Several other institutional investors have also made changes to their positions in NBHC. Victory Capital Management Inc. increased its position in National Bank by 12,407.1% in the 2nd quarter. Victory Capital Management Inc. now owns 1,824,912 shares of the financial services provider’s stock worth $71,263,000 after buying an additional 1,810,321 shares during the period. Principal Financial Group Inc. increased its position in National Bank by 194.7% in the 2nd quarter. Principal Financial Group Inc. now owns 577,793 shares of the financial services provider’s stock worth $22,563,000 after buying an additional 381,754 shares during the period. American Century Companies Inc. increased its position in National Bank by 154.8% in the 2nd quarter. American Century Companies Inc. now owns 377,929 shares of the financial services provider’s stock worth $14,758,000 after buying an additional 229,630 shares during the period. Boston Partners increased its position in National Bank by 743.6% in the 1st quarter. Boston Partners now owns 200,094 shares of the financial services provider’s stock worth $7,211,000 after buying an additional 176,375 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in National Bank by 9.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,950,210 shares of the financial services provider’s stock worth $76,152,000 after buying an additional 167,711 shares during the period. 92.65% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on NBHC shares. Hovde Group lowered National Bank from an “outperform” rating to a “market perform” rating and set a $55.00 price objective on the stock. in a report on Monday. StockNews.com lowered National Bank from a “hold” rating to a “sell” rating in a report on Wednesday, July 24th. Keefe, Bruyette & Woods lifted their price objective on National Bank from $39.00 to $45.00 and gave the stock a “market perform” rating in a report on Monday, July 29th. DA Davidson lifted their price objective on National Bank from $51.00 to $53.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Finally, Stephens lifted their price objective on National Bank from $46.00 to $49.00 and gave the stock an “equal weight” rating in a report on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $50.00.

National Bank Stock Down 1.6 %

NBHC stock opened at $47.81 on Tuesday. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.04. The business has a 50 day moving average price of $43.59 and a two-hundred day moving average price of $40.76. The company has a market cap of $1.81 billion, a price-to-earnings ratio of 15.04 and a beta of 0.84. National Bank Holdings Co. has a twelve month low of $32.13 and a twelve month high of $51.76.

National Bank (NYSE:NBHC) last issued its earnings results on Tuesday, October 22nd. The financial services provider reported $0.86 EPS for the quarter, topping the consensus estimate of $0.76 by $0.10. The company had revenue of $156.39 million during the quarter, compared to the consensus estimate 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 previous year, the company posted $0.94 EPS. Analysts anticipate that National Bank Holdings Co. will post 3.18 EPS for the current fiscal year.

National Bank Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be issued a $0.29 dividend. The ex-dividend date of this dividend is Friday, November 29th. This is a boost from National Bank’s previous quarterly dividend of $0.28. This represents a $1.16 annualized dividend and a yield of 2.43%. National Bank’s payout ratio is currently 34.67%.

Insider Buying and Selling at National Bank

In other news, CEO G. Timothy Laney sold 16,063 shares of National Bank stock in a transaction on Monday, August 26th. The stock was sold at an average price of $43.34, for a total value of $696,170.42. Following the transaction, the chief executive officer now owns 256,026 shares in the company, valued at approximately $11,096,166.84. This trade represents a 5.90 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Ralph W. Clermont sold 10,000 shares of National Bank stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $44.18, for a total value of $441,800.00. Following the completion of the transaction, the director now owns 66,653 shares in the company, valued at approximately $2,944,729.54. The trade was a 13.05 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 51,522 shares of company stock valued at $2,380,956 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.