Russell Investments Group Ltd. Sells 20,980 Shares of National Bank Holdings Co. (NYSE:NBHC)

Russell Investments Group Ltd. decreased its position in National Bank Holdings Co. (NYSE:NBHC) by 7.6% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 255,243 shares of the financial services provider’s stock after selling 20,980 shares during the period. Russell Investments Group Ltd. owned about 0.68% of National Bank worth $9,492,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the company. Quantbot Technologies LP raised its holdings in National Bank by 2,352.0% during the third quarter. Quantbot Technologies LP now owns 4,904 shares of the financial services provider’s stock worth $146,000 after acquiring an additional 4,704 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of National Bank by 45.5% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,857 shares of the financial services provider’s stock worth $204,000 after purchasing an additional 2,145 shares in the last quarter. Everence Capital Management Inc. bought a new position in shares of National Bank in the fourth quarter valued at $244,000. Mutual of America Capital Management LLC acquired a new position in National Bank during the fourth quarter worth $246,000. Finally, Aigen Investment Management LP bought a new stake in National Bank during the third quarter worth $267,000. Institutional investors and hedge funds own 92.65% of the company’s stock.

Wall Street Analysts Forecast Growth

NBHC has been the topic of several recent analyst reports. StockNews.com lowered shares of National Bank from a “hold” rating to a “sell” rating in a research note on Sunday, April 28th. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $39.00 price objective (down previously from $40.00) on shares of National Bank in a research note on Friday, April 26th. TheStreet downgraded National Bank from a “b” rating to a “c+” rating in a research note on Monday, March 18th. Piper Sandler increased their price target on National Bank from $40.00 to $41.00 and gave the company an “overweight” rating in a research note on Thursday, January 25th. Finally, Hovde Group reduced their price objective on shares of National Bank from $45.00 to $40.50 and set an “outperform” rating for the company in a research report on Monday, April 29th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $38.63.

National Bank Stock Performance

Shares of NYSE NBHC opened at $34.85 on Tuesday. The stock’s fifty day moving average price is $34.19 and its two-hundred day moving average price is $34.29. The firm has a market cap of $1.32 billion, a price-to-earnings ratio of 10.01 and a beta of 0.84. National Bank Holdings Co. has a one year low of $27.52 and a one year high of $38.71. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.91 and a quick ratio of 0.91.

National Bank (NYSE:NBHC) last released its quarterly earnings results on Wednesday, April 24th. The financial services provider reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.03. The business had revenue of $149.43 million for the quarter, compared to analyst estimates of $101.98 million. National Bank had a net margin of 22.94% and a return on equity of 11.20%. During the same period last year, the firm earned $1.06 earnings per share. On average, equities analysts forecast that National Bank Holdings Co. will post 3.13 EPS for the current year.

National Bank Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be given a dividend of $0.28 per share. The ex-dividend date of this dividend is Friday, May 31st. This represents a $1.12 dividend on an annualized basis and a yield of 3.21%. This is an increase from National Bank’s previous quarterly dividend of $0.27. National Bank’s dividend payout ratio is currently 31.03%.

National Bank Company Profile

National Bank Holdings Corporation operates as the bank holding company for NBH Bank that provides various banking products and financial services to commercial, business, and consumer clients in the United States. It offers deposit products, including checking, savings, money market, and other deposit accounts, including fixed-rate and fixed maturity time deposits.