National Bank Holdings Co. (NYSE:NBHC) Shares Sold by Corebridge Financial Inc.

Corebridge Financial Inc. cut its position in shares of National Bank Holdings Co. (NYSE:NBHC) by 7.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 19,688 shares of the financial services provider’s stock after selling 1,534 shares during the quarter. Corebridge Financial Inc. owned about 0.05% of National Bank worth $848,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of NBHC. KBC Group NV grew its holdings in shares of National Bank by 82.5% during 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. Handelsbanken Fonder AB acquired a new position in National Bank during the fourth quarter valued at approximately $224,000. FMR LLC grew its stake in National Bank by 359.7% during the third quarter. FMR LLC now owns 7,627 shares of the financial services provider’s stock worth $321,000 after buying an additional 5,968 shares during the period. KLP Kapitalforvaltning AS acquired a new stake in shares of National Bank in the fourth quarter worth $362,000. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of National Bank in the 4th quarter valued at $500,000. 92.65% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

NBHC has been the subject of a number of research reports. StockNews.com cut shares of National Bank from a “hold” rating to a “sell” rating in a research report on Thursday. Hovde Group lowered their target price on National Bank from $48.00 to $43.00 and set a “market perform” rating for the company in a research note on Wednesday. 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. According to data from MarketBeat, National Bank currently has a consensus rating of “Hold” and an average price target of $49.00.

National Bank Stock Performance

NYSE:NBHC opened at $34.16 on Friday. The firm has a 50-day moving average of $40.86 and a two-hundred day moving average of $43.25. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.95 and a quick ratio of 0.94. The stock has a market cap of $1.30 billion, a P/E ratio of 11.06 and a beta of 0.86. National Bank Holdings Co. has a 1-year low of $32.13 and a 1-year high of $51.76.

National Bank (NYSE:NBHC) last issued 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 earnings per share for the current fiscal year.

National Bank Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a $0.29 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.40%. National Bank’s dividend payout ratio (DPR) is presently 37.54%.

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.