National Bank Holdings Corporation $NBHC Shares Sold by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC cut its holdings in National Bank Holdings Corporation (NYSE:NBHC) by 3.4% in the first quarter, HoldingsChannel reports. The institutional investor owned 885,370 shares of the financial services provider’s stock after selling 30,921 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in National Bank were worth $34,671,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Bank of America Corp DE grew its stake in shares of National Bank by 45.8% during the first quarter. Bank of America Corp DE now owns 135,454 shares of the financial services provider’s stock worth $5,304,000 after acquiring an additional 42,572 shares during the last quarter. Amundi acquired a new position in shares of National Bank during the first quarter valued at about $260,000. California State Teachers Retirement System raised its position in shares of National Bank by 40.7% in the 1st quarter. California State Teachers Retirement System now owns 49,276 shares of the financial services provider’s stock valued at $1,930,000 after purchasing an additional 14,266 shares during the last quarter. Empowered Funds LLC boosted its stake in National Bank by 30.9% in the 1st quarter. Empowered Funds LLC now owns 198,568 shares of the financial services provider’s stock worth $7,776,000 after purchasing an additional 46,869 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its stake in National Bank by 5.0% in the 1st quarter. The Manufacturers Life Insurance Company now owns 17,405 shares of the financial services provider’s stock worth $682,000 after purchasing an additional 826 shares in the last quarter. Institutional investors and hedge funds own 92.65% of the company’s stock.

Wall Street Analyst Weigh In

NBHC has been the topic of several research analyst reports. Weiss Ratings raised shares of National Bank from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, June 24th. Stephens decreased their price target on shares of National Bank from $49.00 to $46.00 and set an “overweight” rating for the company in a report on Thursday, July 23rd. Wall Street Zen upgraded shares of National Bank from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Piper Sandler dropped their price objective on shares of National Bank from $52.00 to $51.00 and set an “overweight” rating on the stock in a report on Monday. Finally, DA Davidson reissued a “buy” rating and issued a $46.00 target price on shares of National Bank in a research report on Wednesday, April 22nd. Five research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $46.80.

National Bank Trading Up 1.1%

National Bank stock opened at $43.04 on Friday. The company has a quick ratio of 0.96, a current ratio of 0.97 and a debt-to-equity ratio of 0.20. National Bank Holdings Corporation has a 52 week low of $35.06 and a 52 week high of $47.28. The company has a market capitalization of $1.93 billion, a price-to-earnings ratio of 18.08 and a beta of 0.78. The stock has a 50-day moving average price of $43.47 and a 200 day moving average price of $41.73.

National Bank (NYSE:NBHC) last issued its earnings results on Tuesday, July 21st. The financial services provider reported $0.78 EPS for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.03). National Bank had a net margin of 15.11% and a return on equity of 8.35%. The firm had revenue of $129.06 million during the quarter, compared to analysts’ expectations of $135.08 million. During the same quarter in the prior year, the company earned $0.88 EPS. National Bank’s quarterly revenue was up 23.4% on a year-over-year basis. Sell-side analysts anticipate that National Bank Holdings Corporation will post 3.35 EPS for the current year.

National Bank Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, May 29th were paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 3.0%. The ex-dividend date was Friday, May 29th. National Bank’s payout ratio is presently 53.78%.

National Bank Company 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.