Advisors Asset Management Inc. trimmed its holdings in shares of National Bank Holdings Corp (NYSE:NBHC) by 41.9% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 10,319 shares of the financial services provider’s stock after selling 7,450 shares during the period. Advisors Asset Management Inc.’s holdings in National Bank were worth $368,000 as of its most recent filing with the SEC.
Other institutional investors have also bought and sold shares of the company. First Manhattan Co. bought a new position in shares of National Bank during the 2nd quarter worth approximately $163,000. Cubist Systematic Strategies LLC bought a new position in shares of National Bank during the 2nd quarter worth approximately $201,000. Municipal Employees Retirement System of Michigan boosted its holdings in shares of National Bank by 6.4% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 6,280 shares of the financial services provider’s stock worth $208,000 after buying an additional 380 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in shares of National Bank by 17.6% during the 2nd quarter. Victory Capital Management Inc. now owns 6,478 shares of the financial services provider’s stock worth $214,000 after buying an additional 970 shares in the last quarter. Finally, Crossmark Global Holdings Inc. bought a new position in shares of National Bank during the 3rd quarter worth approximately $326,000. Hedge funds and other institutional investors own 95.65% of the company’s stock.
A number of equities analysts have issued reports on the company. Keefe, Bruyette & Woods restated a “buy” rating and set a $35.00 price target on shares of National Bank in a report on Wednesday, October 4th. BidaskClub lowered National Bank from a “buy” rating to a “hold” rating in a research report on Tuesday, October 17th. Zacks Investment Research lowered National Bank from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 24th. Finally, Sandler O’Neill raised National Bank from a “hold” rating to a “buy” rating and set a $36.00 target price on the stock in a research report on Friday, August 18th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $35.00.
Shares of National Bank Holdings Corp (NYSE NBHC) traded down $0.78 during trading hours on Thursday, hitting $32.29. The stock had a trading volume of 85,900 shares, compared to its average volume of 114,628. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.83 and a quick ratio of 0.82. National Bank Holdings Corp has a one year low of $30.10 and a one year high of $37.08. The firm has a market capitalization of $887.86, a price-to-earnings ratio of 26.46, a price-to-earnings-growth ratio of 2.74 and a beta of 0.65.
National Bank (NYSE:NBHC) last issued its earnings results on Wednesday, October 18th. The financial services provider reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.04). National Bank had a return on equity of 6.40% and a net margin of 17.13%. The firm had revenue of $47.45 million for the quarter, compared to analyst estimates of $48.90 million. During the same period in the previous year, the company earned $0.30 earnings per share. research analysts anticipate that National Bank Holdings Corp will post 1.21 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, November 24th will be given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.11%. The ex-dividend date is Wednesday, November 22nd. National Bank’s payout ratio is 28.80%.
National Bank Profile
National Bank Holdings Corporation (NBH) is a bank holding company. Through Bank Midwest, N.A. (Bank Midwest), NBH’s primary business is to offer a range of products and financial services to both its commercial and consumer customers, located in Kansas, Missouri and Colorado. The Company offers an array of lending products to cater to the customers’ needs, including, but not limited to, small business loans, equipment loans, term loans, asset-backed loans, letters of credit, commercial lines of credit, residential mortgage loans, home equity and consumer loans.
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