Macquarie Group Ltd. purchased a new position in shares of National Bank Holdings Corp (NYSE:NBHC) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 11,500 shares of the financial services provider’s stock, valued at approximately $410,000.
Several other institutional investors and hedge funds have also modified their holdings of the company. Los Angeles Capital Management & Equity Research Inc. grew its stake in shares of National Bank by 0.9% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 11,528 shares of the financial services provider’s stock valued at $382,000 after buying an additional 100 shares in the last quarter. Texas Permanent School Fund grew its stake in shares of National Bank by 1.2% in the second quarter. Texas Permanent School Fund now owns 19,505 shares of the financial services provider’s stock valued at $646,000 after buying an additional 239 shares in the last quarter. Municipal Employees Retirement System of Michigan grew its stake in shares of National Bank by 6.4% in the second quarter. Municipal Employees Retirement System of Michigan now owns 6,280 shares of the financial services provider’s stock valued at $208,000 after buying an additional 380 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of National Bank by 2.4% in the second quarter. The Manufacturers Life Insurance Company now owns 18,868 shares of the financial services provider’s stock valued at $625,000 after buying an additional 435 shares in the last quarter. Finally, Strs Ohio grew its stake in shares of National Bank by 2.5% in the second quarter. Strs Ohio now owns 24,700 shares of the financial services provider’s stock valued at $817,000 after buying an additional 600 shares in the last quarter. 95.65% of the stock is owned by institutional investors.
In other National Bank news, Director Robert E. Dean sold 3,076 shares of National Bank stock in a transaction on Monday, December 4th. The shares were sold at an average price of $33.74, for a total transaction of $103,784.24. Following the completion of the transaction, the director now directly owns 22,910 shares of the company’s stock, valued at $772,983.40. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 7.60% of the company’s stock.
National Bank (NYSE:NBHC) last released its quarterly earnings data on Wednesday, October 18th. The financial services provider reported $0.26 EPS for the quarter, missing the Zacks’ consensus estimate of $0.30 by ($0.04). National Bank had a return on equity of 6.40% and a net margin of 17.13%. The company had revenue of $47.45 million for the quarter, compared to the consensus estimate of $48.90 million. During the same period last year, the firm earned $0.30 earnings per share. equities analysts predict that National Bank Holdings Corp will post 1.21 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, November 24th were given a dividend of $0.09 per share. The ex-dividend date of this dividend was Wednesday, November 22nd. This represents a $0.36 dividend on an annualized basis and a yield of 1.10%. National Bank’s dividend payout ratio (DPR) is 28.80%.
Several equities analysts recently weighed in on NBHC shares. BidaskClub cut shares of National Bank from a “hold” rating to a “sell” rating in a research note on Thursday, November 9th. Zacks Investment Research cut shares of National Bank from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 24th. Keefe, Bruyette & Woods cut shares of National Bank from an “outperform” rating to a “mkt perform” rating in a research note on Saturday, October 21st. Finally, Sandler O’Neill raised shares of National Bank from a “hold” rating to a “buy” rating and set a $36.00 price objective for the company in a research report on Friday, August 18th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. National Bank presently has an average rating of “Hold” and a consensus price target of $35.00.
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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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