BNP Paribas Financial Markets Raises Stock Holdings in National Bank Holdings Co. (NYSE:NBHC)

BNP Paribas Financial Markets raised its position in shares of National Bank Holdings Co. (NYSE:NBHC) by 130.4% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 17,146 shares of the financial services provider’s stock after buying an additional 9,705 shares during the period. BNP Paribas Financial Markets’ holdings in National Bank were worth $722,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Leeward Investments LLC MA grew its position in shares of National Bank by 5.6% in the 2nd quarter. Leeward Investments LLC MA now owns 228,144 shares of the financial services provider’s stock worth $8,909,000 after buying an additional 12,134 shares during the last quarter. Louisiana State Employees Retirement System increased its position in 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 valued at $742,000 after purchasing an additional 300 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in National Bank by 24.7% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,879 shares of the financial services provider’s stock valued at $386,000 after purchasing an additional 1,955 shares during the period. Innealta Capital LLC bought a new position in National Bank in the 2nd quarter worth $41,000. Finally, Principal Financial Group Inc. lifted its position in shares of 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 purchasing an additional 381,754 shares during the period. Institutional investors own 92.65% of the company’s stock.

National Bank Trading Down 1.3 %

NYSE NBHC opened at $46.24 on Friday. National Bank Holdings Co. has a 12 month low of $32.13 and a 12 month high of $51.76. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.04. The stock’s fifty day moving average price is $45.97 and its 200-day moving average price is $42.25. The stock has a market cap of $1.76 billion, a P/E ratio of 14.32 and a beta of 0.84.

National Bank (NYSE:NBHC) last released its quarterly earnings data on Tuesday, October 22nd. The financial services provider reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.76 by $0.10. The business had revenue of $156.39 million during the quarter, compared to analyst estimates of $102.32 million. National Bank had a net margin of 20.52% and a return on equity of 9.93%. During the same period last 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 fiscal year.

National Bank Increases Dividend

The firm 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 dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 2.51%. This is an increase from National Bank’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Friday, November 29th. National Bank’s dividend payout ratio (DPR) is currently 35.91%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Hovde Group downgraded shares of National Bank from an “outperform” rating to a “market perform” rating and set a $55.00 price target for the company. in a research note on Monday, November 18th. Stephens raised 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. Piper Sandler upped their price target on National Bank from $44.00 to $48.00 and gave the stock a “neutral” rating in a research note on Thursday, October 24th. Keefe, Bruyette & Woods raised their price objective on National Bank from $47.00 to $52.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. Finally, DA Davidson upped their target price on shares of National Bank from $51.00 to $53.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $51.40.

Insiders Place Their Bets

In other National Bank news, insider Valerie D. Kramer sold 897 shares of the stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $50.11, for a total value of $44,948.67. Following the transaction, the insider now owns 9,755 shares of the company’s stock, valued at approximately $488,823.05. This 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 can be accessed through the SEC website. Also, insider Richard U. Jr. Newfield sold 19,259 shares of the firm’s stock in a transaction dated 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 in the company, valued at $7,133,290.10. The trade was a 11.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 21,431 shares of company stock valued at $1,067,505. 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.