Geode Capital Management LLC Purchases 9,723 Shares of National Bank Holdings Co. (NYSE:NBHC)

Geode Capital Management LLC raised its position in National Bank Holdings Co. (NYSE:NBHC) by 1.1% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 861,483 shares of the financial services provider’s stock after purchasing an additional 9,723 shares during the period. Geode Capital Management LLC owned approximately 2.27% of National Bank worth $36,276,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of NBHC. Louisiana State Employees Retirement System raised its position in shares of National Bank by 1.6% during the second quarter. Louisiana State Employees Retirement System now owns 19,000 shares of the financial services provider’s stock worth $742,000 after purchasing an additional 300 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in National Bank by 24.7% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,879 shares of the financial services provider’s stock worth $386,000 after buying an additional 1,955 shares during the period. Innealta Capital LLC bought a new position in National Bank in the second quarter valued at approximately $41,000. Principal Financial Group Inc. boosted its holdings in shares of National Bank by 194.7% in the second quarter. Principal Financial Group Inc. now owns 577,793 shares of the financial services provider’s stock valued at $22,563,000 after buying an additional 381,754 shares during the period. Finally, Natixis Advisors LLC increased its position in shares of National Bank by 99.2% during the second quarter. Natixis Advisors LLC now owns 29,816 shares of the financial services provider’s stock worth $1,164,000 after acquiring an additional 14,850 shares in the last quarter. 92.65% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

NBHC has been the subject of a number of research analyst reports. DA Davidson upped their target price on shares of National Bank from $51.00 to $53.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Keefe, Bruyette & Woods increased their price objective on National Bank from $47.00 to $52.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. Piper Sandler boosted their target price on National Bank from $44.00 to $48.00 and gave the company a “neutral” rating in a research note on Thursday, October 24th. Stephens raised their price target on shares of National Bank from $46.00 to $49.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 24th. Finally, Hovde Group lowered shares of National Bank from an “outperform” rating to a “market perform” rating and set a $55.00 price objective on the stock. in a research report on Monday, November 18th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $51.40.

Insider Activity

In other National Bank news, insider Valerie D. Kramer sold 897 shares of the firm’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 transaction of $44,948.67. Following the completion of the sale, the insider now directly owns 9,755 shares in the company, valued at $488,823.05. This trade represents a 8.42 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Richard U. Jr. Newfield sold 19,259 shares of the business’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 value of $959,290.79. Following the sale, 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 position. The disclosure for this sale can be found here. Insiders sold a total of 21,431 shares of company stock valued at $1,067,505 over the last three months. Insiders own 3.30% of the company’s stock.

National Bank Trading Up 0.4 %

NYSE NBHC opened at $43.57 on Thursday. The company has a market cap of $1.66 billion, a PE ratio of 13.49 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 stock has a 50 day moving average of $46.41 and a 200-day moving average of $42.76. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.04.

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

National Bank Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were paid a $0.29 dividend. This is a positive change from National Bank’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Friday, November 29th. This represents a $1.16 annualized dividend and a yield of 2.66%. National Bank’s dividend payout ratio is currently 35.91%.

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.