Rhumbline Advisers Boosts Holdings in National Bank Holdings Co. (NYSE:NBHC)

Rhumbline Advisers increased its position in National Bank Holdings Co. (NYSE:NBHC) by 0.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 126,304 shares of the financial services provider’s stock after purchasing an additional 492 shares during the quarter. Rhumbline Advisers owned 0.33% of National Bank worth $4,932,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Swiss National Bank grew its stake in National Bank by 12.0% during the 4th quarter. Swiss National Bank now owns 74,400 shares of the financial services provider’s stock valued at $2,767,000 after purchasing an additional 8,000 shares in the last quarter. Natixis Advisors L.P. boosted its stake in shares of National Bank by 8.1% during the 4th quarter. Natixis Advisors L.P. now owns 14,693 shares of the financial services provider’s stock valued at $546,000 after buying an additional 1,103 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of National Bank by 4.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 311,602 shares of the financial services provider’s stock worth $11,588,000 after buying an additional 13,554 shares in the last quarter. Teacher Retirement System of Texas increased its stake in shares of National Bank by 18.2% in the fourth quarter. Teacher Retirement System of Texas now owns 10,938 shares of the financial services provider’s stock worth $407,000 after buying an additional 1,687 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in National Bank by 5.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,678,537 shares of the financial services provider’s stock valued at $62,426,000 after acquiring an additional 79,519 shares in the last quarter. 92.65% of the stock is owned by institutional investors and hedge funds.

National Bank Stock Performance

NBHC opened at $41.17 on Monday. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.07. The business’s 50 day moving average is $41.81 and its 200-day moving average is $37.69. The stock has a market cap of $1.56 billion, a PE ratio of 11.83 and a beta of 0.85. National Bank Holdings Co. has a twelve month low of $28.38 and a twelve month high of $46.51.

National Bank (NYSE:NBHC) last announced its earnings results on Tuesday, July 23rd. The financial services provider reported $0.68 earnings per share for the quarter, missing the consensus estimate of $0.74 by ($0.06). The business had revenue of $99.31 million for the quarter, compared to the consensus estimate of $102.96 million. National Bank had a net margin of 21.40% and a return on equity of 10.44%. The firm’s revenue was down 5.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.85 EPS. On average, analysts predict that National Bank Holdings Co. will post 3.03 earnings per share for the current year.

National Bank Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were issued a $0.28 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $1.12 annualized dividend and a dividend yield of 2.72%. National Bank’s dividend payout ratio (DPR) is 32.18%.

Insider Activity at National Bank

In related news, insider Valerie D. Kramer sold 725 shares of the business’s stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $40.17, for a total value of $29,123.25. Following the sale, the insider now directly owns 10,398 shares in the company, valued at approximately $417,687.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO G. Timothy Laney sold 49,763 shares of National Bank stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $42.64, for a total value of $2,121,894.32. Following the transaction, the chief executive officer now owns 272,126 shares of the company’s stock, valued at approximately $11,603,452.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Valerie D. Kramer sold 725 shares of the company’s stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $40.17, for a total transaction of $29,123.25. Following the sale, the insider now directly owns 10,398 shares of the company’s stock, valued at $417,687.66. The disclosure for this sale can be found here. Insiders sold 103,192 shares of company stock valued at $4,431,998 over the last 90 days. 3.10% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

NBHC has been the subject of several research analyst reports. Keefe, Bruyette & Woods boosted their target price on shares of National Bank from $39.00 to $45.00 and gave the stock a “market perform” rating in a research report on Monday, July 29th. StockNews.com lowered National Bank from a “hold” rating to a “sell” rating in a report on Wednesday, July 24th. DA Davidson increased their target price on National Bank from $42.00 to $45.00 and gave the stock a “buy” rating in a report on Tuesday, July 2nd. Hovde Group boosted their price target on National Bank from $42.00 to $50.00 and gave the company an “outperform” rating in a report on Friday, July 26th. Finally, Stephens raised their price objective on National Bank from $38.00 to $46.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 25th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $46.40.

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.