Thrivent Financial for Lutherans Sells 1,624 Shares of National Bank Holdings Co. (NYSE:NBHC)

Thrivent Financial for Lutherans decreased its position in shares of National Bank Holdings Co. (NYSE:NBHC) by 5.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,776 shares of the financial services provider’s stock after selling 1,624 shares during the quarter. Thrivent Financial for Lutherans owned about 0.08% of National Bank worth $1,254,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of NBHC. Victory Capital Management Inc. boosted its stake in National Bank by 56.0% during the 3rd quarter. Victory Capital Management Inc. now owns 2,846,741 shares of the financial services provider’s stock valued at $119,848,000 after purchasing an additional 1,021,829 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of National Bank by 9.4% in the second quarter. Dimensional Fund Advisors LP now owns 1,950,210 shares of the financial services provider’s stock valued at $76,152,000 after purchasing an additional 167,711 shares in the last quarter. Principal Financial Group Inc. boosted its position in shares of National Bank by 36.1% during the third quarter. Principal Financial Group Inc. now owns 786,096 shares of the financial services provider’s stock valued at $33,095,000 after buying an additional 208,303 shares during the last quarter. American Century Companies Inc. grew its holdings in National Bank by 154.8% during the second 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 in the last quarter. Finally, Leeward Investments LLC MA raised its position in National Bank by 64.2% in the 3rd quarter. Leeward Investments LLC MA now owns 374,638 shares of the financial services provider’s stock valued at $15,772,000 after buying an additional 146,494 shares during the last quarter. 92.65% of the stock is owned by institutional investors and hedge funds.

National Bank Stock Performance

NYSE NBHC opened at $47.74 on Monday. The company has a market capitalization of $1.81 billion, a PE ratio of 14.78 and a beta of 0.84. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.92 and a current ratio of 0.92. National Bank Holdings Co. has a 52-week low of $32.13 and a 52-week high of $51.76. The company has a 50-day simple moving average of $44.90 and a 200 day simple moving average of $41.67.

National Bank (NYSE:NBHC) last issued its quarterly earnings results 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 company had revenue of $156.39 million during the quarter, compared to analyst estimates of $102.32 million. During the same quarter last year, the business posted $0.94 EPS. On average, research analysts predict that National Bank Holdings Co. will post 3.18 EPS for the current year.

National Bank Increases Dividend

The company also recently declared 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 2.43%. 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. National Bank’s dividend payout ratio is currently 34.67%.

Analyst Ratings Changes

NBHC has been the subject of several recent analyst reports. Hovde Group lowered shares of National Bank from an “outperform” rating to a “market perform” rating and set a $55.00 target price for the company. in a research note on Monday, November 18th. Piper Sandler upped their price objective on shares of National Bank from $44.00 to $48.00 and gave the stock a “neutral” rating in a research report on Thursday, October 24th. Stephens increased their price objective on shares of National Bank from $46.00 to $49.00 and gave the company an “equal weight” rating in a research note on Thursday, October 24th. Finally, DA Davidson boosted their target price on National Bank from $51.00 to $53.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $50.00.

Insider Transactions at National Bank

In other news, insider Valerie D. Kramer sold 897 shares of the firm’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $50.11, for a total value of $44,948.67. Following the completion of the transaction, the insider now directly owns 9,755 shares of the company’s stock, valued at $488,823.05. This trade represents a 8.42 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Richard U. Jr. Newfield sold 19,259 shares of National Bank 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 completion of the transaction, the insider now owns 143,210 shares of the company’s stock, valued at approximately $7,133,290.10. This trade represents a 11.85 % 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. 3.10% of the stock is owned by company insiders.

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.