Everence Capital Management Inc. Sells 430 Shares of National Bank Holdings Co. (NYSE:NBHC)

Everence Capital Management Inc. decreased its position in National Bank Holdings Co. (NYSE:NBHC) by 6.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,140 shares of the financial services provider’s stock after selling 430 shares during the quarter. Everence Capital Management Inc.’s holdings in National Bank were worth $264,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of NBHC. Natixis Advisors LLC raised its position in National Bank by 99.2% during the 2nd quarter. Natixis Advisors LLC now owns 29,816 shares of the financial services provider’s stock valued at $1,164,000 after purchasing an additional 14,850 shares during the last quarter. Rhumbline Advisers raised its holdings in shares of National Bank by 0.4% during the second quarter. Rhumbline Advisers now owns 126,304 shares of the financial services provider’s stock valued at $4,932,000 after acquiring an additional 492 shares in the last quarter. Choreo LLC purchased a new stake in National Bank in the second quarter worth $209,000. Texas Permanent School Fund Corp boosted its holdings in National Bank by 10.2% in the second quarter. Texas Permanent School Fund Corp now owns 36,444 shares of the financial services provider’s stock valued at $1,423,000 after acquiring an additional 3,375 shares in the last quarter. Finally, American Century Companies Inc. increased its position in National Bank by 154.8% during the 2nd quarter. American Century Companies Inc. now owns 377,929 shares of the financial services provider’s stock valued at $14,758,000 after purchasing an additional 229,630 shares during the period. 92.65% of the stock is owned by institutional investors.

Insider Buying and Selling at National Bank

In other news, insider Richard U. Jr. Newfield sold 19,259 shares of the stock in a transaction 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 directly owns 143,210 shares of the company’s stock, valued at $7,133,290.10. This represents a 11.85 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Valerie D. Kramer sold 1,275 shares of the firm’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $49.62, for a total value of $63,265.50. Following the completion of the transaction, the insider now directly owns 10,652 shares in the company, valued at $528,552.24. The trade was a 10.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 21,431 shares of company stock worth $1,067,505. Insiders own 3.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. DA Davidson boosted their price target on shares of National Bank from $51.00 to $53.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Piper Sandler upped their target price on National Bank from $44.00 to $48.00 and gave the stock a “neutral” rating in a report on Thursday, October 24th. Keefe, Bruyette & Woods raised their target price on National Bank from $47.00 to $52.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. Hovde Group cut 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. Finally, Stephens boosted their target price on shares of National Bank from $46.00 to $49.00 and gave the company an “equal weight” rating in a report on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, National Bank has a consensus rating of “Hold” and an average price target of $51.40.

National Bank Trading Down 0.3 %

NYSE NBHC opened at $42.73 on Wednesday. The stock’s fifty day moving average price is $46.24 and its 200-day moving average price is $43.17. 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 stock has a market cap of $1.62 billion, a P/E ratio of 13.23 and a beta of 0.86. National Bank Holdings Co. has a 12 month low of $32.13 and a 12 month high of $51.76.

National Bank (NYSE:NBHC) last released its quarterly earnings data on Tuesday, October 22nd. The financial services provider reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.76 by $0.10. National Bank had a net margin of 20.52% and a return on equity of 9.93%. The business had revenue of $156.39 million during the quarter, compared to analyst estimates of $102.32 million. During the same period last year, the business earned $0.94 EPS. As a group, equities analysts forecast 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. Investors of record on Friday, November 29th were given a $0.29 dividend. The ex-dividend date of this dividend was Friday, November 29th. This is a boost from National Bank’s previous quarterly dividend of $0.28. This represents a $1.16 annualized dividend and a yield of 2.71%. National Bank’s dividend payout ratio is 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.