National Bank Holdings Corp (NBHC) Shares Bought by Municipal Employees Retirement System of Michigan
Municipal Employees Retirement System of Michigan lifted its position in shares of National Bank Holdings Corp (NYSE:NBHC) by 59.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 10,020 shares of the financial services provider’s stock after purchasing an additional 3,740 shares during the period. Municipal Employees Retirement System of Michigan’s holdings in National Bank were worth $358,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. First Manhattan Co. acquired a new stake in shares of National Bank during the second quarter worth about $163,000. Cubist Systematic Strategies LLC acquired a new stake in shares of National Bank during the second quarter worth about $201,000. Victory Capital Management Inc. increased its position in shares of National Bank by 17.6% during the second quarter. Victory Capital Management Inc. now owns 6,478 shares of the financial services provider’s stock worth $214,000 after purchasing an additional 970 shares in the last quarter. BNP Paribas Arbitrage SA increased its position in National Bank by 70.2% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 9,232 shares of the financial services provider’s stock valued at $306,000 after acquiring an additional 3,809 shares during the period. Finally, Crossmark Global Holdings Inc. acquired a new position in National Bank in the 3rd quarter valued at about $326,000. Institutional investors and hedge funds own 95.65% of the company’s stock.
National Bank Holdings Corp (NBHC) opened at $31.98 on Friday. The stock has a market capitalization of $858.60, a PE ratio of 25.58, a P/E/G ratio of 2.65 and a beta of 0.65. National Bank Holdings Corp has a 52-week low of $30.10 and a 52-week high of $37.08. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.83 and a quick ratio of 0.82.
National Bank (NYSE:NBHC) last issued its quarterly earnings results on Wednesday, October 18th. The financial services provider reported $0.26 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by ($0.04). The company had revenue of $47.45 million during the quarter, compared to analyst estimates of $48.90 million. National Bank had a net margin of 17.13% and a return on equity of 6.40%. During the same quarter last year, the firm earned $0.30 EPS. equities analysts expect that National Bank Holdings Corp will post 1.21 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, November 24th will be given a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 1.13%. The ex-dividend date of this dividend is Wednesday, November 22nd. National Bank’s dividend payout ratio (DPR) is presently 28.80%.
In other National Bank news, Director Robert E. Dean sold 3,076 shares of the business’s stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $33.74, for a total transaction of $103,784.24. Following the transaction, the director now owns 22,910 shares in the company, valued at approximately $772,983.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 7.60% of the company’s stock.
NBHC has been the topic of several recent research reports. BidaskClub cut National Bank from a “hold” rating to a “sell” rating in a research report on Thursday, November 9th. Keefe, Bruyette & Woods restated a “buy” rating and issued a $35.00 price target on shares of National Bank in a research report on Wednesday, October 4th. Zacks Investment Research cut National Bank from a “buy” rating to a “hold” rating in a research report on Wednesday, August 30th. Finally, Sandler O’Neill upgraded National Bank from a “hold” rating to a “buy” rating and set a $36.00 price target on the stock in a research report on Friday, August 18th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $35.00.
About National Bank
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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