11,656 Shares in National Bank Holdings Co. (NYSE:NBHC) Purchased by SG Americas Securities LLC

SG Americas Securities LLC acquired a new position in shares of National Bank Holdings Co. (NYSE:NBHC) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 11,656 shares of the financial services provider’s stock, valued at approximately $491,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. lifted its position in National Bank by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 4,220,345 shares of the financial services provider’s stock worth $156,955,000 after purchasing an additional 25,349 shares during the period. Wellington Management Group LLP lifted its position in National Bank by 6.5% during the fourth quarter. Wellington Management Group LLP now owns 3,904,987 shares of the financial services provider’s stock worth $145,226,000 after purchasing an additional 239,401 shares during the period. Dimensional Fund Advisors LP raised its stake in National Bank by 9.4% during the second quarter. Dimensional Fund Advisors LP now owns 1,950,210 shares of the financial services provider’s stock worth $76,152,000 after acquiring an additional 167,711 shares in the last quarter. Victory Capital Management Inc. raised its stake in National Bank by 12,407.1% during the second quarter. Victory Capital Management Inc. now owns 1,824,912 shares of the financial services provider’s stock worth $71,263,000 after acquiring an additional 1,810,321 shares in the last quarter. Finally, Westwood Holdings Group Inc. raised its stake in National Bank by 2.1% during the first quarter. Westwood Holdings Group Inc. now owns 935,119 shares of the financial services provider’s stock worth $33,730,000 after acquiring an additional 19,016 shares in the last quarter. Institutional investors own 92.65% of the company’s stock.

Insider Activity at National Bank

In other National Bank news, Director Patrick G. Sobers sold 18,738 shares of the stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $43.10, for a total transaction of $807,607.80. Following the transaction, the director now directly owns 20,788 shares in the company, valued at approximately $895,962.80. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other National Bank news, insider Valerie D. Kramer sold 725 shares of the stock in a transaction that occurred on 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 directly owns 10,398 shares in the company, valued at approximately $417,687.66. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Patrick G. Sobers sold 18,738 shares of the stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $43.10, for a total value of $807,607.80. Following the transaction, the director now owns 20,788 shares in the company, valued at $895,962.80. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 103,192 shares of company stock worth $4,431,998 over the last ninety days. Insiders own 3.10% of the company’s stock.

National Bank Stock Performance

Shares of NBHC stock opened at $43.78 on Thursday. The business’s 50 day simple moving average is $41.69 and its 200 day simple moving average is $38.80. National Bank Holdings Co. has a one year low of $28.38 and a one year high of $46.51. The stock has a market capitalization of $1.66 billion, a PE ratio of 12.58 and a beta of 0.85. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.93 and a quick ratio of 0.93.

National Bank (NYSE:NBHC) last announced 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 company had revenue of $99.31 million during the quarter, compared to the consensus estimate of $102.96 million. During the same quarter in the previous year, the company earned $0.85 earnings per share. The business’s revenue was down 5.5% on a year-over-year basis. As a group, research 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. Investors of record on Friday, August 30th were issued a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 2.56%. The ex-dividend date was Friday, August 30th. National Bank’s payout ratio is presently 32.18%.

Analyst Upgrades and Downgrades

Several research analysts have commented on NBHC shares. Keefe, Bruyette & Woods boosted their target price on National Bank from $39.00 to $45.00 and gave the stock a “market perform” rating in a research note on Monday, July 29th. Hovde Group boosted their target price on National Bank from $42.00 to $50.00 and gave the stock an “outperform” rating in a research note on Friday, July 26th. Stephens boosted their target price 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. StockNews.com downgraded National Bank from a “hold” rating to a “sell” rating in a research note on Wednesday, July 24th. Finally, DA Davidson upped their price objective on National Bank from $42.00 to $45.00 and gave the company a “buy” rating in a research note on Tuesday, July 2nd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the company 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.