Handelsbanken Fonder AB lifted its position in shares of National Bank Holdings Corp (NYSE:NBHC) by 4.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 650,000 shares of the financial services provider’s stock after buying an additional 30,000 shares during the quarter. Handelsbanken Fonder AB owned approximately 2.13% of National Bank worth $17,550,000 at the end of the most recent quarter.
Several other large investors have also recently bought and sold shares of NBHC. First Trust Advisors LP grew its holdings in National Bank by 311.0% in the 1st quarter. First Trust Advisors LP now owns 58,125 shares of the financial services provider’s stock valued at $1,933,000 after buying an additional 43,982 shares during the period. Envestnet Asset Management Inc. grew its holdings in National Bank by 36.7% in the first quarter. Envestnet Asset Management Inc. now owns 20,160 shares of the financial services provider’s stock valued at $482,000 after purchasing an additional 5,410 shares during the period. Comerica Bank increased its position in National Bank by 3.4% during the first quarter. Comerica Bank now owns 30,368 shares of the financial services provider’s stock worth $717,000 after purchasing an additional 1,000 shares during the last quarter. SG Americas Securities LLC purchased a new position in National Bank during the first quarter worth approximately $145,000. Finally, Natixis Advisors L.P. raised its stake in National Bank by 9.4% during the first quarter. Natixis Advisors L.P. now owns 13,132 shares of the financial services provider’s stock worth $314,000 after purchasing an additional 1,125 shares during the period. 97.91% of the stock is owned by institutional investors and hedge funds.
A number of analysts have recently commented on NBHC shares. Piper Sandler upped their price objective on National Bank from $28.00 to $30.00 and gave the stock a “neutral” rating in a report on Thursday, July 23rd. ValuEngine lowered National Bank from a “hold” rating to a “sell” rating in a research note on Monday, August 3rd. Finally, Zacks Investment Research upgraded National Bank from a “hold” rating to a “buy” rating and set a $32.00 price objective on the stock in a report on Tuesday, September 1st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company’s stock. National Bank has an average rating of “Hold” and an average target price of $34.75.
Shares of NBHC stock traded up $0.10 during mid-day trading on Wednesday, reaching $27.14. The company’s stock had a trading volume of 2,987 shares, compared to its average volume of 195,040. The company has a quick ratio of 0.89, a current ratio of 0.93 and a debt-to-equity ratio of 0.02. The firm has a market capitalization of $826.59 million, a PE ratio of 11.36 and a beta of 1.12. The company’s 50 day simple moving average is $28.53 and its 200-day simple moving average is $26.45. National Bank Holdings Corp has a 12-month low of $20.25 and a 12-month high of $37.97.
National Bank (NYSE:NBHC) last announced its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.34. The firm had revenue of $86.17 million during the quarter, compared to the consensus estimate of $67.16 million. National Bank had a return on equity of 9.93% and a net margin of 21.92%. As a group, research analysts anticipate that National Bank Holdings Corp will post 2.28 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Friday, August 28th were given a dividend of $0.20 per share. The ex-dividend date was Thursday, August 27th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.95%. National Bank’s payout ratio is currently 31.37%.
About National Bank
National Bank Holdings Corporation operates as the bank holding company for NBH Bank, N.A. that provides various banking products and financial services to commercial, business, and consumer clients in the United States. The company offers deposit products, including checking accounts, savings accounts, money market accounts, and other deposit accounts, including fixed-rate and fixed maturity time deposits.
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