Atria Investments Inc Acquires New Stake in National Bank Holdings Co. (NYSE:NBHC)

Atria Investments Inc acquired a new stake in National Bank Holdings Co. (NYSE:NBHC) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 4,799 shares of the financial services provider’s stock, valued at approximately $202,000.

Other large investors also recently bought and sold shares of the company. Innealta Capital LLC acquired a new stake in shares of National Bank during the 2nd quarter worth about $41,000. Meeder Asset Management Inc. acquired a new stake in shares of National Bank during the 2nd quarter worth about $52,000. Assetmark Inc. acquired a new stake in shares of National Bank during the 3rd quarter worth about $71,000. Choreo LLC purchased a new position in National Bank during the 2nd quarter worth approximately $209,000. Finally, ProShare Advisors LLC grew its stake 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 buying an additional 513 shares during the last quarter. Hedge funds and other institutional investors own 92.65% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on NBHC shares. DA Davidson lifted their target price on National Bank from $51.00 to $53.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Stephens lifted their target price on National Bank from $46.00 to $49.00 and gave the company an “equal weight” rating in a research note on Thursday, October 24th. Hovde Group downgraded National Bank from an “outperform” rating to a “market perform” rating and set a $55.00 target price on the stock. in a research note on Monday, November 18th. Keefe, Bruyette & Woods lifted their target price on National Bank from $39.00 to $45.00 and gave the company a “market perform” rating in a research note on Monday, July 29th. Finally, Piper Sandler lifted their target price on National Bank from $44.00 to $48.00 and gave the company a “neutral” rating in a research note on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $50.00.

National Bank Trading Up 1.8 %

Shares of NYSE NBHC opened at $48.87 on Monday. The stock’s 50 day moving average price is $44.27 and its two-hundred day moving average price is $41.17. National Bank Holdings Co. has a 52-week low of $32.13 and a 52-week high of $51.76. The stock has a market capitalization of $1.86 billion, a P/E ratio of 15.13 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 earnings results on Tuesday, October 22nd. The financial services provider reported $0.86 EPS for the quarter, beating the consensus estimate of $0.76 by $0.10. National Bank had a return on equity of 9.93% and a net margin of 20.52%. The company had revenue of $156.39 million during the quarter, compared to analyst estimates of $102.32 million. During the same period in the prior year, the company earned $0.94 earnings per share. On average, analysts anticipate that National Bank Holdings Co. will post 3.18 earnings per share 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. Stockholders of record on Friday, November 29th will be given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.37%. The ex-dividend date is Friday, November 29th. This is an increase from National Bank’s previous quarterly dividend of $0.28. National Bank’s dividend payout ratio is 34.67%.

Insider Activity

In other news, insider Richard U. Jr. Newfield sold 19,259 shares of the company’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $49.81, for a total value of $959,290.79. Following the transaction, the insider now directly owns 143,210 shares of the company’s stock, valued at approximately $7,133,290.10. This represents a 11.85 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Valerie D. Kramer sold 897 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $50.11, for a total transaction of $44,948.67. Following the transaction, the insider now directly owns 9,755 shares in the company, valued at $488,823.05. The trade was a 8.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 25,181 shares of company stock worth $1,230,667. Insiders own 3.10% of the company’s stock.

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.