Vanguard Group Inc. Sells 15,903 Shares of National Bank Holdings Corporation $NBHC

Vanguard Group Inc. reduced its stake in National Bank Holdings Corporation (NYSE:NBHC) by 0.4% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 4,099,425 shares of the financial services provider’s stock after selling 15,903 shares during the quarter. Vanguard Group Inc. owned approximately 0.11% of National Bank worth $155,819,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Royal Bank of Canada boosted its holdings in shares of National Bank by 34.3% during the 1st quarter. Royal Bank of Canada now owns 23,683 shares of the financial services provider’s stock worth $906,000 after buying an additional 6,052 shares during the period. AQR Capital Management LLC raised its holdings in National Bank by 97.2% in the 1st quarter. AQR Capital Management LLC now owns 26,300 shares of the financial services provider’s stock worth $1,007,000 after acquiring an additional 12,962 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in National Bank by 5.1% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,066 shares of the financial services provider’s stock worth $844,000 after acquiring an additional 1,079 shares during the last quarter. Millennium Management LLC lifted its position in National Bank by 2,057.9% during 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 last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in National Bank by 11.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 94,367 shares of the financial services provider’s stock valued at $3,611,000 after acquiring an additional 9,626 shares during the period. Institutional investors and hedge funds own 92.65% of the company’s stock.

National Bank Stock Performance

NYSE:NBHC opened at $41.97 on Tuesday. The stock has a market capitalization of $1.89 billion, a P/E ratio of 15.66 and a beta of 0.80. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.12. National Bank Holdings Corporation has a 1 year low of $35.06 and a 1 year high of $43.86. The firm has a 50 day moving average of $40.57 and a 200-day moving average of $39.57.

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

National Bank Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 29th will be given a dividend of $0.32 per share. The ex-dividend date is Friday, May 29th. This represents a $1.28 annualized dividend and a yield of 3.0%. National Bank’s dividend payout ratio is 47.76%.

Analyst Ratings Changes

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

Insider Buying and Selling

In related news, insider John Steinmetz acquired 24,200 shares of the stock in a transaction on Wednesday, February 11th. The stock was purchased at an average price of $41.41 per share, for a total transaction of $1,002,122.00. Following the transaction, the insider owned 536,504 shares of the company’s stock, valued at $22,216,630.64. The trade was a 4.72% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 6.80% of the stock is currently owned by corporate insiders.

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.