National Bank Holdings Corporation $NBHC Stock Position Lessened by Vanguard Group Inc.

Vanguard Group Inc. trimmed its holdings in shares of National Bank Holdings Corporation (NYSE:NBHC) by 0.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,099,425 shares of the financial services provider’s stock after selling 15,903 shares during the period. Vanguard Group Inc. owned approximately 10.84% of National Bank worth $155,819,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of NBHC. Deprince Race & Zollo Inc. increased its stake in National Bank by 215.4% during the 4th quarter. Deprince Race & Zollo Inc. now owns 1,162,432 shares of the financial services provider’s stock valued at $44,184,000 after buying an additional 793,902 shares during the period. Millennium Management LLC lifted its stake in shares of National Bank by 2,057.9% in the 1st quarter. Millennium Management LLC now owns 199,453 shares of the financial services provider’s stock worth $7,633,000 after acquiring an additional 190,210 shares during the period. Two Sigma Investments LP boosted its holdings in shares of National Bank by 146.3% in the third quarter. Two Sigma Investments LP now owns 304,987 shares of the financial services provider’s stock valued at $11,785,000 after acquiring an additional 181,137 shares in the last quarter. Citadel Advisors LLC increased its stake in shares of National Bank by 144.1% during the third quarter. Citadel Advisors LLC now owns 236,354 shares of the financial services provider’s stock valued at $9,133,000 after acquiring an additional 139,527 shares during the period. Finally, Qube Research & Technologies Ltd increased its stake in shares of National Bank by 49.8% during the third quarter. Qube Research & Technologies Ltd now owns 348,008 shares of the financial services provider’s stock valued at $13,447,000 after acquiring an additional 115,765 shares during the period. Institutional investors and hedge funds own 92.65% of the company’s stock.

Insider Buying and Selling

In other National Bank news, insider John Steinmetz purchased 24,200 shares of the company’s stock in a transaction dated Wednesday, February 11th. The shares were bought at an average price of $41.41 per share, for a total transaction of $1,002,122.00. Following the purchase, the insider directly owned 536,504 shares in the company, valued at $22,216,630.64. This trade represents a 4.72% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. 6.80% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts recently commented on NBHC shares. Wall Street Zen upgraded shares of National Bank from a “sell” rating to a “hold” rating in a report on Saturday. Piper Sandler lifted their price target on shares of National Bank from $48.00 to $52.00 and gave the stock an “overweight” rating in a research report on Monday, April 27th. DA Davidson reaffirmed a “buy” rating and issued a $46.00 price target on shares of National Bank in a report on Wednesday, April 22nd. Finally, Weiss Ratings raised National Bank from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, March 30th. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, National Bank presently has a consensus rating of “Moderate Buy” and a consensus target price of $46.20.

National Bank Stock Performance

Shares of NBHC stock opened at $41.97 on Tuesday. National Bank Holdings Corporation has a fifty-two week low of $35.06 and a fifty-two week high of $43.86. The stock’s 50-day moving average is $40.57 and its two-hundred day moving average is $39.57. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.95 and a quick ratio of 0.95. The firm has a market cap of $1.89 billion, a P/E ratio of 15.66 and a beta of 0.80.

National Bank (NYSE:NBHC) last announced its quarterly earnings results on Tuesday, April 21st. The financial services provider reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.07. National Bank had a return on equity of 8.72% and a net margin of 17.14%.The business had revenue of $126.78 million during the quarter, compared to analyst estimates of $129.30 million. During the same period in the previous year, the company earned $0.63 EPS. The firm’s revenue was up 37.8% on a year-over-year basis. Analysts predict that National Bank Holdings Corporation will post 3.51 earnings per share for the current fiscal year.

National Bank Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 29th will be paid a $0.32 dividend. The ex-dividend date is Friday, May 29th. This represents a $1.28 dividend on an annualized basis and a yield of 3.0%. National Bank’s payout ratio is 47.76%.

National Bank Profile

National Bank Holdings Corporation (NYSE: NBHC) is a diversified financial services holding company headquartered in Cape Girardeau, Missouri. Through its network of community bank subsidiaries, the company provides deposit, lending and payment solutions to consumer, small business and commercial clients across multiple U.S. markets.

Since its founding in 1992, National Bank Holdings has pursued a growth strategy focused on acquiring and integrating locally branded community banks. Its footprint spans the Midwest and Southern United States, including Missouri, Kansas, Oklahoma, Texas, Colorado, Illinois and Tennessee.