Choreo LLC Sells 300 Shares of National Bank Holdings Co. (NYSE:NBHC)

Choreo LLC lessened its holdings in shares of National Bank Holdings Co. (NYSE:NBHC) by 5.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,008 shares of the financial services provider’s stock after selling 300 shares during the quarter. Choreo LLC’s holdings in National Bank were worth $215,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of NBHC. Assetmark Inc. purchased a new position in National Bank in the 3rd quarter worth approximately $71,000. KBC Group NV increased its stake in National Bank by 82.5% in the 4th quarter. KBC Group NV now owns 2,389 shares of the financial services provider’s stock worth $103,000 after purchasing an additional 1,080 shares during the period. Atria Investments Inc purchased a new position in National Bank in the 3rd quarter worth approximately $202,000. FMR LLC increased its stake in National Bank by 359.7% in the 3rd quarter. FMR LLC now owns 7,627 shares of the financial services provider’s stock worth $321,000 after purchasing an additional 5,968 shares during the period. Finally, BNP Paribas Financial Markets increased its stake in National Bank by 130.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 17,146 shares of the financial services provider’s stock worth $722,000 after purchasing an additional 9,705 shares during the period. Institutional investors own 92.65% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on NBHC. Piper Sandler boosted their target price on National Bank from $44.00 to $48.00 and gave the company a “neutral” rating in a research note on Thursday, October 24th. DA Davidson boosted their target price on National Bank from $51.00 to $53.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Keefe, Bruyette & Woods boosted their target price 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. Hovde Group cut National Bank from an “outperform” rating to a “market perform” rating and set a $55.00 target price on the stock. in a research note on Monday, November 18th. Finally, Stephens boosted 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. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, National Bank has a consensus rating of “Hold” and a consensus price target of $51.40.

National Bank Price Performance

Shares of National Bank stock opened at $43.08 on Friday. The stock has a 50 day moving average of $43.56 and a 200 day moving average of $43.61. National Bank Holdings Co. has a 12 month low of $32.13 and a 12 month high of $51.76. The firm has a market cap of $1.64 billion, a PE ratio of 13.94 and a beta of 0.85. The company has a current ratio of 0.95, a quick ratio of 0.94 and a debt-to-equity ratio of 0.08.

National Bank (NYSE:NBHC) last announced its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.79 by $0.07. National Bank had a return on equity of 9.76% and a net margin of 19.82%. On average, research analysts expect that National Bank Holdings Co. will post 3.31 EPS for the current fiscal year.

National Bank Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.69%. The ex-dividend date is Friday, February 28th. National Bank’s dividend payout ratio is currently 37.54%.

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.