National Bank Holdings Corporation $NBHC Shares Purchased by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans increased its position in National Bank Holdings Corporation (NYSE:NBHC) by 56.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 43,956 shares of the financial services provider’s stock after buying an additional 15,945 shares during the quarter. Thrivent Financial for Lutherans owned about 0.12% of National Bank worth $1,699,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Harbor Capital Advisors Inc. raised its position in National Bank by 2.0% during the third quarter. Harbor Capital Advisors Inc. now owns 14,842 shares of the financial services provider’s stock valued at $573,000 after acquiring an additional 291 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in shares of National Bank by 6.3% in the second quarter. Envestnet Asset Management Inc. now owns 5,955 shares of the financial services provider’s stock valued at $224,000 after acquiring an additional 355 shares during the last quarter. Amalgamated Bank raised its position in National Bank by 3.3% in the 3rd quarter. Amalgamated Bank now owns 11,168 shares of the financial services provider’s stock worth $432,000 after purchasing an additional 357 shares during the last quarter. SG Americas Securities LLC grew its position in shares of National Bank by 6.5% during the 2nd quarter. SG Americas Securities LLC now owns 8,026 shares of the financial services provider’s stock worth $302,000 after buying an additional 487 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of National Bank by 7.4% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 9,780 shares of the financial services provider’s stock valued at $368,000 after acquiring an additional 673 shares during the period. Hedge funds and other institutional investors own 92.65% of the company’s stock.

Analyst Upgrades and Downgrades

NBHC has been the subject of a number of recent research reports. Stephens upgraded shares of National Bank from an “equal weight” rating to an “overweight” rating and set a $42.00 price objective for the company in a research note on Monday, November 10th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of National Bank in a report on Thursday, January 22nd. Zacks Research raised National Bank from a “strong sell” rating to a “hold” rating in a report on Monday, December 22nd. DA Davidson reiterated a “buy” rating and set a $46.00 price target on shares of National Bank in a report on Wednesday, January 28th. Finally, Wall Street Zen cut shares of National Bank from a “hold” rating to a “sell” rating in a research report on Saturday, January 31st. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $44.75.

National Bank Stock Down 2.0%

Shares of NYSE:NBHC opened at $40.72 on Friday. The company has a market capitalization of $1.54 billion, a PE ratio of 14.29 and a beta of 0.81. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.94 and a quick ratio of 0.93. National Bank Holdings Corporation has a 1 year low of $32.83 and a 1 year high of $43.53. The business has a fifty day moving average price of $39.98 and a two-hundred day moving average price of $38.52.

National Bank (NYSE:NBHC) last issued its earnings results on Tuesday, January 27th. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.27). The business had revenue of $100.64 million for the quarter, compared to the consensus estimate of $107.48 million. National Bank had a net margin of 18.66% and a return on equity of 8.65%. During the same period in the previous year, the firm earned $0.86 EPS. Analysts forecast that National Bank Holdings Corporation will post 3.31 earnings per share for the current year.

National Bank Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 27th will be issued a dividend of $0.32 per share. The ex-dividend date is Friday, February 27th. This represents a $1.28 dividend on an annualized basis and a yield of 3.1%. This is an increase from National Bank’s previous quarterly dividend of $0.31. National Bank’s dividend payout ratio (DPR) is currently 43.51%.

Insider Buying and Selling at National Bank

In related news, insider John Steinmetz acquired 24,200 shares of the stock in a transaction on Wednesday, February 11th. The stock was acquired at an average cost of $41.41 per share, for a total transaction of $1,002,122.00. Following the completion of the acquisition, the insider directly owned 536,504 shares of the company’s stock, valued at approximately $22,216,630.64. This represents a 4.72% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 2.90% of the company’s stock.

About National Bank

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.