Natixis Advisors LLC Has $1.48 Million Position in National Bank Holdings Co. (NYSE:NBHC)

Natixis Advisors LLC lifted its stake in National Bank Holdings Co. (NYSE:NBHC) by 17.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 35,068 shares of the financial services provider’s stock after acquiring an additional 5,252 shares during the quarter. Natixis Advisors LLC owned approximately 0.09% of National Bank worth $1,476,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of NBHC. Louisiana State Employees Retirement System raised its stake in shares of National Bank by 1.6% during the 2nd quarter. Louisiana State Employees Retirement System now owns 19,000 shares of the financial services provider’s stock worth $742,000 after purchasing an additional 300 shares in the last quarter. Rhumbline Advisers raised its position in 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 in the last quarter. Innealta Capital LLC acquired a new stake in National Bank in the second quarter valued at approximately $41,000. CANADA LIFE ASSURANCE Co grew its position in National Bank by 3.8% in the first quarter. CANADA LIFE ASSURANCE Co now owns 30,130 shares of the financial services provider’s stock worth $1,086,000 after acquiring an additional 1,100 shares in the last quarter. Finally, Meeder Asset Management Inc. acquired a new position in shares of National Bank during the 2nd quarter worth $52,000. 92.65% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently issued reports on NBHC shares. Hovde Group lowered shares of National Bank from an “outperform” rating to a “market perform” rating and set a $55.00 price objective for the company. in a research note on Monday, November 18th. Keefe, Bruyette & Woods upped their price target on National Bank from $39.00 to $45.00 and gave the stock a “market perform” rating in a research note on Monday, July 29th. Piper Sandler raised their price objective on National Bank from $44.00 to $48.00 and gave the company a “neutral” rating in a research note on Thursday, October 24th. DA Davidson upped their target price on National Bank from $51.00 to $53.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Finally, Stephens lifted their price target on shares of National Bank from $46.00 to $49.00 and gave the company an “equal weight” rating in a research report on Thursday, October 24th. One 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’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $50.00.

National Bank Stock Performance

NBHC opened at $49.39 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 stock’s 50 day moving average price is $44.27 and its two-hundred day moving average price is $41.22. The firm has a market capitalization of $1.88 billion, a P/E ratio of 15.29 and a beta of 0.84. National Bank Holdings Co. has a 12-month low of $32.13 and a 12-month high of $51.76.

National Bank (NYSE:NBHC) last announced its quarterly earnings data on Tuesday, October 22nd. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.10. National Bank had a net margin of 20.52% and a return on equity of 9.93%. The business had revenue of $156.39 million for the quarter, compared to the consensus estimate of $102.32 million. During the same quarter last year, the company posted $0.94 earnings per share. On average, equities analysts forecast that National Bank Holdings Co. will post 3.18 earnings per share for the current 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. The ex-dividend date is Friday, November 29th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.35%. This is a positive change from National Bank’s previous quarterly dividend of $0.28. National Bank’s dividend payout ratio is currently 35.91%.

Insider Activity at National Bank

In related news, insider Richard U. Jr. Newfield sold 19,259 shares of the firm’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $49.81, for a total value of $959,290.79. Following the completion of the transaction, the insider now directly owns 143,210 shares of the company’s stock, valued at $7,133,290.10. This trade represents a 11.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Valerie D. Kramer sold 897 shares of National Bank 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 sale, the insider now owns 9,755 shares in the company, valued at $488,823.05. This represents a 8.42 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 25,181 shares of company stock worth $1,230,667. Company 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.