Mutual of America Capital Management LLC Trims Holdings in National Bank Holdings Co. (NYSE:NBHC)

Mutual of America Capital Management LLC decreased its position in National Bank Holdings Co. (NYSE:NBHC) by 8.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,703 shares of the financial services provider’s stock after selling 515 shares during the quarter. Mutual of America Capital Management LLC’s holdings in National Bank were worth $240,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Louisiana State Employees Retirement System increased its position in National Bank by 1.6% in the second quarter. Louisiana State Employees Retirement System now owns 19,000 shares of the financial services provider’s stock worth $742,000 after buying an additional 300 shares during the period. Rhumbline Advisers raised its position in shares of National Bank by 0.4% during the 2nd quarter. Rhumbline Advisers now owns 126,304 shares of the financial services provider’s stock worth $4,932,000 after buying an additional 492 shares in the last quarter. Innealta Capital LLC acquired a new stake in National Bank in the second quarter worth approximately $41,000. CANADA LIFE ASSURANCE Co lifted its holdings in shares of National Bank by 3.8% in 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 period. Finally, Meeder Asset Management Inc. bought a new position in shares of National Bank during the 2nd quarter valued at about $52,000. 92.65% of the stock is owned by institutional investors and hedge funds.

National Bank Stock Down 0.6 %

National Bank stock opened at $48.45 on Friday. The firm has a market cap of $1.84 billion, a price-to-earnings ratio of 15.00 and a beta of 0.84. The firm has a fifty day moving average price of $44.79 and a two-hundred day moving average price of $41.51. National Bank Holdings Co. has a fifty-two week low of $32.13 and a fifty-two week high of $51.76. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.92 and a quick ratio of 0.92.

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

National Bank Increases Dividend

The business 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 dividend of $0.29 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.16 dividend on an annualized basis and a yield of 2.39%. This is a positive change from National Bank’s previous quarterly dividend of $0.28. National Bank’s payout ratio is 34.67%.

Insider Activity at National Bank

In related news, EVP Christopher S. Randall sold 3,750 shares of the stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $43.51, for a total value of $163,162.50. Following the completion of the transaction, the executive vice president now owns 14,365 shares of the company’s stock, valued at $625,021.15. This represents a 20.70 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Valerie D. Kramer sold 897 shares of National Bank 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 sale, the insider now directly owns 9,755 shares in the company, valued at $488,823.05. The trade was a 8.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 25,181 shares of company stock worth $1,230,667 in the last ninety days. 3.30% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. DA Davidson boosted their target price on National Bank from $51.00 to $53.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Hovde Group downgraded shares of National Bank from an “outperform” rating to a “market perform” rating and set a $55.00 price target on the stock. in a research note on Monday, November 18th. Piper Sandler boosted their target price on shares of National Bank from $44.00 to $48.00 and gave the stock a “neutral” rating in a research report on Thursday, October 24th. Finally, Stephens upped their price target on National Bank from $46.00 to $49.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 24th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, National Bank has an average rating of “Hold” and a consensus price target of $50.00.

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.