National Bank Holdings Co. (NYSE:NBHC) Shares Purchased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. increased its stake in National Bank Holdings Co. (NYSE:NBHC) by 0.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 355,487 shares of the financial services provider’s stock after acquiring an additional 2,209 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.94% of National Bank worth $14,966,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in NBHC. Victory Capital Management Inc. boosted its holdings in shares of National Bank by 56.0% in the third quarter. Victory Capital Management Inc. now owns 2,846,741 shares of the financial services provider’s stock valued at $119,848,000 after acquiring an additional 1,021,829 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of National Bank by 9.4% during 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 purchasing an additional 167,711 shares during the last quarter. Principal Financial Group Inc. boosted its stake 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 acquiring an additional 208,303 shares during the last quarter. American Century Companies Inc. lifted its stake in shares of 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 valued at $14,758,000 after buying an additional 229,630 shares during the period. Finally, Leeward Investments LLC MA boosted its holdings in shares of National Bank by 64.2% during the third quarter. Leeward Investments LLC MA now owns 374,638 shares of the financial services provider’s stock worth $15,772,000 after purchasing an additional 146,494 shares during the last quarter. Hedge funds and other institutional investors own 92.65% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities 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 research note on Monday, November 18th. DA Davidson increased their price target on National Bank from $51.00 to $53.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Piper Sandler increased their target price on National Bank from $44.00 to $48.00 and gave the stock a “neutral” rating in a report on Thursday, October 24th. Stephens raised their target price on shares of National Bank from $46.00 to $49.00 and gave the stock an “equal weight” rating in a report on Thursday, October 24th. Finally, Keefe, Bruyette & Woods boosted their price objective on National Bank from $47.00 to $52.00 and gave the stock a “market perform” rating in a research report on Wednesday. One equities research 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 stock presently has an average rating of “Hold” and an average price target of $51.40.

National Bank Trading Down 0.8 %

National Bank stock opened at $47.33 on Friday. The stock has a market cap of $1.80 billion, a price-to-earnings ratio of 14.65 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. The business has a 50 day moving average price of $45.50 and a two-hundred day moving average price of $42.01. 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 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. National Bank had a return on equity of 9.93% and a net margin of 20.52%. The business 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 business earned $0.94 EPS. As a group, equities analysts forecast that National Bank Holdings Co. will post 3.18 EPS for the current year.

National Bank Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be paid a $0.29 dividend. This is a positive change from National Bank’s previous quarterly dividend of $0.28. The ex-dividend date is Friday, November 29th. This represents a $1.16 annualized dividend and a yield of 2.45%. National Bank’s dividend payout ratio is presently 35.91%.

Insider Activity at National Bank

In related news, insider Richard U. Jr. Newfield sold 19,259 shares of the stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $49.81, for a total transaction of $959,290.79. Following the completion of the transaction, the insider now owns 143,210 shares in the company, valued at approximately $7,133,290.10. This represents a 11.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Valerie D. Kramer sold 1,275 shares of the business’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $49.62, for a total transaction of $63,265.50. Following the transaction, the insider now owns 10,652 shares in the company, valued at approximately $528,552.24. The trade was a 10.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 21,431 shares of company stock worth $1,067,505 in the last ninety days. 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.