The Manufacturers Life Insurance Company Sells 353 Shares of National Bank Holdings Co. (NYSE:NBHC)

The Manufacturers Life Insurance Company decreased its holdings in shares of National Bank Holdings Co. (NYSE:NBHC) by 1.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,220 shares of the financial services provider’s stock after selling 353 shares during the period. The Manufacturers Life Insurance Company’s holdings in National Bank were worth $767,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Innealta Capital LLC bought a new position in National Bank during the 2nd quarter valued at approximately $41,000. Meeder Asset Management Inc. purchased a new position in shares of National Bank during the 2nd quarter worth approximately $52,000. Assetmark Inc. purchased a new position in shares of National Bank during the 3rd quarter worth approximately $71,000. Atria Investments Inc purchased a new position in shares of National Bank during the 3rd quarter worth approximately $202,000. Finally, Choreo LLC purchased a new position in shares of National Bank during the 2nd quarter worth approximately $209,000. Institutional investors own 92.65% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on NBHC. Piper Sandler upped 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. DA Davidson upped their target price on National Bank from $51.00 to $53.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Keefe, Bruyette & Woods upped their target price on National Bank from $47.00 to $52.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. Stephens upped their target price on National Bank from $46.00 to $49.00 and gave the stock an “equal weight” rating in a report on Thursday, October 24th. Finally, Hovde Group downgraded National Bank from an “outperform” rating to a “market perform” rating and set a $55.00 price target on the stock. in a research note on Monday, November 18th. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, National Bank presently has an average rating of “Hold” and a consensus price target of $51.40.

National Bank Stock Performance

National Bank stock opened at $46.35 on Friday. 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 company has a market capitalization of $1.76 billion, a P/E ratio of 14.35 and a beta of 0.84. The stock’s 50 day moving average is $45.97 and its 200 day moving average is $42.25. National Bank Holdings Co. has a twelve month low of $32.13 and a twelve month high of $51.76.

National Bank (NYSE:NBHC) last issued 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 business had revenue of $156.39 million for the quarter, compared to the consensus estimate of $102.32 million. During the same period last year, the business posted $0.94 EPS. On average, equities research analysts predict that National Bank Holdings Co. will post 3.18 earnings per share for the current fiscal year.

National Bank Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 2.50%. This is an increase from National Bank’s previous quarterly dividend of $0.28. The ex-dividend date was Friday, November 29th. National Bank’s dividend payout ratio (DPR) is currently 35.91%.

Insider Buying and Selling at National Bank

In other news, insider Valerie D. Kramer sold 1,275 shares of the 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 directly owns 10,652 shares of the company’s stock, valued at $528,552.24. This represents a 10.69 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, 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 value of $959,290.79. Following 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 three months, insiders have sold 21,431 shares of company stock worth $1,067,505. 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.