Westwood Holdings Group Inc. Sells 9,346 Shares of National Bank Holdings Co. (NYSE:NBHC)

Westwood Holdings Group Inc. decreased its stake in National Bank Holdings Co. (NYSE:NBHC) by 1.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 925,773 shares of the financial services provider’s stock after selling 9,346 shares during the quarter. Westwood Holdings Group Inc. owned approximately 2.45% of National Bank worth $36,151,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of NBHC. Charles Schwab Investment Management Inc. boosted its position in National Bank by 4.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 311,602 shares of the financial services provider’s stock valued at $11,588,000 after buying an additional 13,554 shares in the last quarter. Teacher Retirement System of Texas raised 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 valued at $407,000 after acquiring an additional 1,687 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of National Bank by 5.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,678,537 shares of the financial services provider’s stock worth $62,426,000 after acquiring an additional 79,519 shares in the last quarter. Clearbridge Investments LLC grew its position in National Bank by 17.2% during the 4th quarter. Clearbridge Investments LLC now owns 46,191 shares of the financial services provider’s stock worth $1,718,000 after acquiring an additional 6,786 shares during the last quarter. Finally, Quest Partners LLC acquired a new stake in National Bank during the 4th quarter valued at $194,000. 92.65% of the stock is currently owned by institutional investors.

National Bank Stock Down 2.1 %

Shares of NYSE:NBHC opened at $42.29 on Friday. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.93 and a quick ratio of 0.93. The stock has a market cap of $1.60 billion, a price-to-earnings ratio of 12.15 and a beta of 0.85. The company has a 50 day moving average of $42.03 and a 200-day moving average of $37.96. National Bank Holdings Co. has a one year low of $28.38 and a one year high of $46.51.

National Bank (NYSE:NBHC) last issued its earnings results on Tuesday, July 23rd. The financial services provider reported $0.68 EPS for the quarter, missing the consensus estimate 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 for the quarter, compared to the consensus estimate of $102.96 million. During the same quarter in the previous year, the firm posted $0.85 EPS. The business’s revenue was down 5.5% on a year-over-year basis. On average, sell-side analysts forecast that National Bank Holdings Co. will post 3.03 earnings per share for the current year.

National Bank Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were paid a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 2.65%. The ex-dividend date of this dividend was Friday, August 30th. National Bank’s payout ratio is 32.18%.

Insiders Place Their Bets

In related news, insider Valerie D. Kramer sold 725 shares of the 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Valerie D. Kramer sold 725 shares of the company’s stock in a transaction 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 completion of the sale, the insider now owns 10,398 shares in the company, valued at approximately $417,687.66. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Christopher S. Randall sold 3,750 shares of the firm’s 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 directly owns 14,365 shares in the company, valued at approximately $625,021.15. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 103,192 shares of company stock worth $4,431,998. Insiders own 3.10% of the company’s stock.

Analyst Ratings Changes

NBHC has been the topic of a number of recent analyst reports. Piper Sandler lowered National Bank from an “overweight” rating to a “neutral” rating and boosted their price objective for the stock from $42.00 to $46.00 in a research note on Thursday, July 25th. Hovde Group increased their price objective on shares of National Bank from $42.00 to $50.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. 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 note on Monday, July 29th. DA Davidson increased their price target on shares of National Bank from $42.00 to $45.00 and gave the company a “buy” rating in a research note on Tuesday, July 2nd. Finally, Stephens boosted their price objective on shares of National Bank from $38.00 to $46.00 and gave the stock an “equal weight” rating in a research report 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 assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $46.40.

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.