JPMorgan Chase & Co. Has $7.99 Million Position in National Bank Holdings Co. (NYSE:NBHC)

JPMorgan Chase & Co. trimmed its stake in shares of National Bank Holdings Co. (NYSE:NBHC) by 10.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 189,830 shares of the financial services provider’s stock after selling 22,241 shares during the quarter. JPMorgan Chase & Co. owned about 0.50% of National Bank worth $7,992,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of NBHC. Choreo LLC acquired a new stake in shares of National Bank during the 2nd quarter worth approximately $209,000. Texas Permanent School Fund Corp raised its holdings in shares of National Bank by 10.2% during the 2nd quarter. Texas Permanent School Fund Corp now owns 36,444 shares of the financial services provider’s stock worth $1,423,000 after buying an additional 3,375 shares in the last quarter. American Century Companies Inc. lifted its position in shares of National Bank by 154.8% during the 2nd quarter. American Century Companies Inc. now owns 377,929 shares of the financial services provider’s stock worth $14,758,000 after buying an additional 229,630 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in 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 valued at $76,152,000 after buying an additional 167,711 shares in the last quarter. Finally, Intech Investment Management LLC acquired a new stake in National Bank in the second quarter valued at about $319,000. 92.65% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Valerie D. Kramer sold 1,275 shares of the company’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $49.62, for a total transaction of $63,265.50. Following the completion of the transaction, the insider now directly owns 10,652 shares of the company’s stock, valued at approximately $528,552.24. This represents a 10.69 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Richard U. Jr. Newfield sold 19,259 shares of the business’s stock in a transaction that occurred 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. This trade represents a 11.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 21,431 shares of company stock valued at $1,067,505 over the last quarter. 3.10% of the stock is owned by corporate insiders.

National Bank Price Performance

Shares of NYSE:NBHC opened at $43.35 on Wednesday. The company has a 50-day moving average price of $45.94 and a two-hundred day moving average price of $43.39. National Bank Holdings Co. has a twelve month low of $32.13 and a twelve month 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 firm has a market capitalization of $1.65 billion, a PE ratio of 13.42 and a beta of 0.86.

National Bank (NYSE:NBHC) last released its quarterly earnings data on Tuesday, October 22nd. The financial services provider reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.76 by $0.10. The company 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 earnings per share. Equities analysts forecast that National Bank Holdings Co. will post 3.18 EPS for the current year.

National Bank Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were given a $0.29 dividend. This is an increase from National Bank’s previous quarterly dividend of $0.28. The ex-dividend date was Friday, November 29th. This represents a $1.16 dividend on an annualized basis and a yield of 2.68%. National Bank’s payout ratio is presently 35.91%.

Wall Street Analyst Weigh In

NBHC has been the subject of a number of research reports. Stephens increased 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. DA Davidson increased their price objective on shares of National Bank from $51.00 to $53.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Piper Sandler boosted their target price 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. Hovde Group cut 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. 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, December 4th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average 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.