National Bank Holdings Co. (NYSE:NBHC) Shares Sold by Jane Street Group LLC

Jane Street Group LLC lowered its holdings in shares of National Bank Holdings Co. (NYSE:NBHC) by 30.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 29,360 shares of the financial services provider’s stock after selling 12,779 shares during the period. Jane Street Group LLC owned about 0.08% of National Bank worth $1,236,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of NBHC. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of National Bank by 24.7% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,879 shares of the financial services provider’s stock valued at $386,000 after acquiring an additional 1,955 shares during the last quarter. Principal Financial Group Inc. boosted its stake in shares of 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 purchasing an additional 381,754 shares during the last quarter. Natixis Advisors LLC grew its holdings in shares of National Bank by 99.2% during the second quarter. Natixis Advisors LLC now owns 29,816 shares of the financial services provider’s stock worth $1,164,000 after buying an additional 14,850 shares in the last quarter. Rhumbline Advisers raised its position in shares of National Bank by 0.4% in the second quarter. Rhumbline Advisers now owns 126,304 shares of the financial services provider’s stock valued at $4,932,000 after buying an additional 492 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its stake 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 valued at $71,263,000 after buying an additional 1,810,321 shares during the period. Hedge funds and other institutional investors own 92.65% of the company’s stock.

National Bank Price Performance

NBHC opened at $43.17 on Friday. 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 moving average of $46.38 and a two-hundred day moving average of $42.87. The company has a market cap of $1.64 billion, a P/E ratio of 13.37 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.

National Bank (NYSE:NBHC) last announced its quarterly earnings results on Tuesday, October 22nd. The financial services provider reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.76 by $0.10. The firm had revenue of $156.39 million during the quarter, compared to analysts’ expectations 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 in the prior year, the company earned $0.94 EPS. On average, analysts expect that National Bank Holdings Co. will post 3.18 earnings per share for the current year.

National Bank Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were issued a dividend of $0.29 per share. This is an increase from National Bank’s previous quarterly dividend of $0.28. This represents a $1.16 annualized dividend and a dividend yield of 2.69%. The ex-dividend date was Friday, November 29th. National Bank’s dividend payout ratio (DPR) is presently 35.91%.

Insider Buying and Selling

In other news, insider Valerie D. Kramer sold 1,275 shares of the firm’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $49.62, for a total transaction of $63,265.50. Following the completion of the sale, the insider now directly owns 10,652 shares in the company, valued at $528,552.24. This trade represents a 10.69 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Richard U. Jr. Newfield sold 19,259 shares of the business’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 owns 143,210 shares in the company, valued at approximately $7,133,290.10. This trade represents a 11.85 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 21,431 shares of company stock valued at $1,067,505. Corporate insiders own 3.10% of the company’s stock.

Wall Street Analyst Weigh In

NBHC has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods increased their price target on National Bank from $47.00 to $52.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th. DA Davidson raised their price target on National Bank from $51.00 to $53.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Stephens lifted their price target on National Bank from $46.00 to $49.00 and gave the company an “equal weight” rating in a report on Thursday, October 24th. Hovde Group lowered shares of National Bank from an “outperform” rating to a “market perform” rating and set a $55.00 price objective on the stock. in a report on Monday, November 18th. Finally, Piper Sandler boosted their target price on shares of National Bank from $44.00 to $48.00 and gave the company a “neutral” rating in a report on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $51.40.

About National Bank

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.