National Bank Holdings Co. (NYSE:NBHC) Shares Purchased by Fmr LLC

Fmr LLC boosted its stake in National Bank Holdings Co. (NYSE:NBHC) by 359.7% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 7,627 shares of the financial services provider’s stock after purchasing an additional 5,968 shares during the period. Fmr LLC’s holdings in National Bank were worth $321,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Victory Capital Management Inc. lifted its position in shares of National Bank by 12,407.1% during the second quarter. Victory Capital Management Inc. now owns 1,824,912 shares of the financial services provider’s stock worth $71,263,000 after purchasing an additional 1,810,321 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in National Bank by 194.7% during the 2nd quarter. Principal Financial Group Inc. now owns 577,793 shares of the financial services provider’s stock worth $22,563,000 after buying an additional 381,754 shares in the last quarter. American Century Companies Inc. boosted its position in National Bank by 154.8% in the 2nd 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. Dimensional Fund Advisors LP grew its stake 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 worth $76,152,000 after acquiring an additional 167,711 shares in the last quarter. Finally, Leeward Investments LLC MA increased its position 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 acquiring an additional 146,494 shares during the period. Hedge funds and other institutional investors own 92.65% of the company’s stock.

Analyst Upgrades and Downgrades

NBHC has been the subject of a number of recent research reports. Stephens lifted their target price on National Bank from $46.00 to $49.00 and gave the company an “equal weight” rating in a report on Thursday, October 24th. Keefe, Bruyette & Woods lifted their price objective on National Bank from $47.00 to $52.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. 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 note on Thursday, October 24th. Piper Sandler lifted their price target on shares of National Bank from $44.00 to $48.00 and gave the stock a “neutral” rating in a research note on Thursday, October 24th. Finally, Hovde Group cut 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 report on Monday, November 18th. One 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. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $51.40.

Insider Activity

In other news, 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 transaction, the insider now directly owns 143,210 shares of the company’s stock, valued at $7,133,290.10. The trade was a 11.85 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Valerie D. Kramer sold 897 shares of the 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 of the company’s stock, valued at approximately $488,823.05. This represents a 8.42 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 21,431 shares of company stock valued at $1,067,505. Insiders own 3.10% of the company’s stock.

National Bank Stock Performance

Shares of NBHC opened at $43.15 on Friday. The company has a market capitalization of $1.64 billion, a price-to-earnings ratio of 13.36 and a beta of 0.84. National Bank Holdings Co. has a 52-week low of $32.13 and a 52-week high of $51.76. 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 has a 50 day moving average price of $46.38 and a 200 day moving average price of $42.58.

National Bank (NYSE:NBHC) last issued its earnings results on Tuesday, October 22nd. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $102.32 million. During the same quarter in the prior year, the business posted $0.94 EPS. Research analysts predict that National Bank Holdings Co. will post 3.18 EPS for the current fiscal year.

National Bank Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were given a dividend of $0.29 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.69%. This is a boost from National Bank’s previous quarterly dividend of $0.28. National Bank’s payout ratio is 35.91%.

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.