National Bank Holdings Co. (NYSE:NBHC) Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC decreased its stake in National Bank Holdings Co. (NYSE:NBHC) by 2.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 906,503 shares of the financial services provider’s stock after selling 19,197 shares during the period. Renaissance Technologies LLC owned approximately 2.40% of National Bank worth $35,399,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Innealta Capital LLC acquired a new stake in shares of National Bank in the second quarter valued at approximately $41,000. Meeder Asset Management Inc. purchased a new position in National Bank during the second quarter worth $52,000. Quest Partners LLC acquired a new position in shares of National Bank in the fourth quarter worth $194,000. Choreo LLC purchased a new stake in shares of National Bank in the second quarter valued at $209,000. Finally, ProShare Advisors LLC boosted its stake in shares of National Bank by 7.4% during the first quarter. ProShare Advisors LLC now owns 7,450 shares of the financial services provider’s stock valued at $269,000 after acquiring an additional 513 shares during the last quarter. 92.65% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

NBHC has been the topic of several analyst reports. Hovde Group raised their price target on shares of National Bank from $42.00 to $50.00 and gave the stock an “outperform” rating in a research note on Friday, July 26th. DA Davidson increased their price target on shares of National Bank from $42.00 to $45.00 and gave the stock a “buy” rating in a research note on Tuesday, July 2nd. Piper Sandler lowered National Bank from an “overweight” rating to a “neutral” rating and lifted their price objective for the company from $42.00 to $46.00 in a research note on Thursday, July 25th. Keefe, Bruyette & Woods increased 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. Finally, StockNews.com lowered shares of National Bank from a “hold” rating to a “sell” rating in a report on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $46.40.

Insider Activity at National Bank

In other news, insider Valerie D. Kramer sold 725 shares of the firm’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 completion of the transaction, the insider now owns 10,398 shares in the company, valued at approximately $417,687.66. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other National Bank news, insider Valerie D. Kramer sold 725 shares of National Bank stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $40.17, for a total transaction of $29,123.25. Following the transaction, the insider now owns 10,398 shares of the company’s stock, valued at approximately $417,687.66. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Christopher S. Randall sold 3,750 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $43.51, for a total value of $163,162.50. Following the sale, the executive vice president now owns 14,365 shares of the company’s stock, valued at $625,021.15. The disclosure for this sale can be found here. Insiders sold 103,192 shares of company stock worth $4,431,998 in the last 90 days. Corporate insiders own 3.10% of the company’s stock.

National Bank Stock Up 0.6 %

Shares of NYSE:NBHC opened at $42.08 on Thursday. The company has a market capitalization of $1.59 billion, a price-to-earnings ratio of 12.09 and a beta of 0.85. The company has a 50 day moving average of $41.98 and a two-hundred day moving average of $37.83. National Bank Holdings Co. has a 52-week low of $28.38 and a 52-week high of $46.51. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.07.

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

National Bank Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were paid a $0.28 dividend. The ex-dividend date was Friday, August 30th. This represents a $1.12 annualized dividend and a dividend yield of 2.66%. National Bank’s payout ratio is 32.18%.

National Bank Company 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.