Amalgamated Bank Decreases Holdings in National Bank Holdings Co. (NYSE:NBHC)

Amalgamated Bank trimmed its stake in shares of National Bank Holdings Co. (NYSE:NBHC) by 2.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,176 shares of the financial services provider’s stock after selling 308 shares during the quarter. Amalgamated Bank’s holdings in National Bank were worth $471,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. BNP Paribas Financial Markets lifted its stake in shares of National Bank by 45.9% in the 1st quarter. BNP Paribas Financial Markets now owns 18,398 shares of the financial services provider’s stock valued at $664,000 after purchasing an additional 5,790 shares during the period. ProShare Advisors LLC raised its stake in 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 buying an additional 513 shares during the last quarter. State Board of Administration of Florida Retirement System raised its stake in National Bank by 53.7% during the first quarter. State Board of Administration of Florida Retirement System now owns 16,169 shares of the financial services provider’s stock valued at $541,000 after buying an additional 5,650 shares during the last quarter. CANADA LIFE ASSURANCE Co raised its stake in National Bank by 3.8% during the first quarter. CANADA LIFE ASSURANCE Co now owns 30,130 shares of the financial services provider’s stock valued at $1,086,000 after buying an additional 1,100 shares during 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 valued at $33,730,000 after buying an additional 19,016 shares during the last quarter. 92.65% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, insider Richard U. Jr. Newfield sold 19,259 shares of the company’s stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $49.81, for a total transaction of $959,290.79. Following the transaction, the insider now owns 143,210 shares of the company’s stock, valued at approximately $7,133,290.10. This represents a 11.85 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Valerie D. Kramer sold 897 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $50.11, for a total value of $44,948.67. Following the transaction, the insider now directly owns 9,755 shares in the company, valued at approximately $488,823.05. This represents a 8.42 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 55,397 shares of company stock worth $2,540,877. Corporate insiders own 3.10% of the company’s stock.

National Bank Price Performance

NYSE:NBHC opened at $48.58 on Friday. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $1.84 billion, a P/E ratio of 15.04 and a beta of 0.84. National Bank Holdings Co. has a 12 month low of $32.13 and a 12 month high of $51.76. The business’s 50-day moving average is $43.59 and its 200 day moving average is $40.65.

National Bank (NYSE:NBHC) last posted its earnings results on Tuesday, October 22nd. The financial services provider reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.10. The company had revenue of $156.39 million for the quarter, compared to the consensus estimate of $102.32 million. National Bank had a return on equity of 9.93% and a net margin of 20.52%. During the same period in the previous year, the business earned $0.94 earnings per share. On average, equities research analysts forecast that National Bank Holdings Co. will post 3.18 earnings per share for the current fiscal year.

National Bank Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be given a $0.29 dividend. This is an increase from National Bank’s previous quarterly dividend of $0.28. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.39%. The ex-dividend date is Friday, November 29th. National Bank’s payout ratio is currently 35.91%.

Analyst Upgrades and Downgrades

Several analysts recently commented on NBHC shares. Keefe, Bruyette & Woods lifted their price objective on National Bank from $39.00 to $45.00 and gave the stock a “market perform” rating in a report on Monday, July 29th. Stephens boosted their price target on National Bank from $46.00 to $49.00 and gave the company an “equal weight” rating in a report on Thursday, October 24th. DA Davidson boosted their price target on National Bank from $51.00 to $53.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Hovde Group boosted their price target on National Bank from $50.00 to $51.00 and gave the company an “outperform” rating in a report on Monday, October 28th. Finally, StockNews.com lowered National Bank from a “hold” rating to a “sell” rating in a research note on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. According to MarketBeat, National Bank presently has an average rating of “Hold” and a consensus target price of $49.20.

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.