Segall Bryant & Hamill LLC reduced its holdings in shares of National Bank Holdings Corp (NYSE:NBHC) by 19.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 217,961 shares of the financial services provider’s stock after selling 53,779 shares during the quarter. Segall Bryant & Hamill LLC owned 0.81% of National Bank worth $7,779,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. Northern Trust Corp raised its position in shares of National Bank by 3.7% during the 2nd quarter. Northern Trust Corp now owns 339,687 shares of the financial services provider’s stock valued at $11,247,000 after acquiring an additional 12,188 shares in the last quarter. Ameriprise Financial Inc. raised its position in shares of National Bank by 6.9% during the 2nd quarter. Ameriprise Financial Inc. now owns 465,817 shares of the financial services provider’s stock valued at $15,424,000 after acquiring an additional 30,210 shares in the last quarter. Vanguard Group Inc. raised its position in shares of National Bank by 2.7% during the 2nd quarter. Vanguard Group Inc. now owns 2,577,232 shares of the financial services provider’s stock valued at $85,332,000 after acquiring an additional 68,938 shares in the last quarter. Adams Diversified Equity Fund Inc. acquired a new stake in shares of National Bank during the 3rd quarter valued at approximately $1,064,000. Finally, Marshall Wace North America L.P. acquired a new stake in shares of National Bank during the 2nd quarter valued at approximately $1,190,000. Institutional investors own 95.65% of the company’s stock.
In other news, Director Robert E. Dean sold 3,076 shares of the firm’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $33.74, for a total transaction of $103,784.24. Following the completion of the sale, the director now directly owns 22,910 shares of the company’s stock, valued at approximately $772,983.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 7.60% of the company’s stock.
National Bank (NYSE:NBHC) last issued its quarterly earnings results on Wednesday, October 18th. The financial services provider reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.04). National Bank had a net margin of 17.13% and a return on equity of 6.40%. The business had revenue of $47.45 million for the quarter, compared to analyst estimates of $48.90 million. During the same period last year, the business posted $0.30 earnings per share. sell-side analysts predict that National Bank Holdings Corp will post 1.21 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, November 24th will be given a $0.09 dividend. The ex-dividend date of this dividend is Wednesday, November 22nd. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.13%. National Bank’s dividend payout ratio (DPR) is 29.03%.
Several equities research analysts recently issued reports on the company. BidaskClub lowered National Bank from a “hold” rating to a “sell” rating in a research report on Thursday, November 9th. Zacks Investment Research lowered National Bank from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 24th. Keefe, Bruyette & Woods lowered National Bank from an “outperform” rating to a “mkt perform” rating in a research report on Saturday, October 21st. 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 given a hold rating and one has given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $35.00.
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National Bank Company 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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