Vanguard Group Inc. Has $159.02 Million Holdings in National Bank Holdings Corporation $NBHC

Vanguard Group Inc. lowered its position in National Bank Holdings Corporation (NYSE:NBHC) by 1.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 4,115,328 shares of the financial services provider’s stock after selling 77,502 shares during the period. Vanguard Group Inc. owned 0.11% of National Bank worth $159,016,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of NBHC. JPMorgan Chase & Co. increased its holdings in National Bank by 62.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 231,916 shares of the financial services provider’s stock worth $8,961,000 after acquiring an additional 88,876 shares during the period. Public Sector Pension Investment Board increased its stake in shares of National Bank by 14.3% during the third quarter. Public Sector Pension Investment Board now owns 148,367 shares of the financial services provider’s stock valued at $5,733,000 after purchasing an additional 18,517 shares in the last quarter. Illinois Municipal Retirement Fund grew its holdings in shares of National Bank by 2.2% during the third quarter. Illinois Municipal Retirement Fund now owns 20,487 shares of the financial services provider’s stock valued at $792,000 after buying an additional 449 shares during the last quarter. MQS Management LLC purchased a new stake in National Bank in the third quarter worth approximately $336,000. Finally, Johnson Investment Counsel Inc. raised its position in National Bank by 5.7% in the third quarter. Johnson Investment Counsel Inc. now owns 6,592 shares of the financial services provider’s stock worth $255,000 after acquiring an additional 353 shares during the period. Hedge funds and other institutional investors own 92.65% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on NBHC shares. Zacks Research upgraded National Bank from a “strong sell” rating to a “hold” rating in a report on Monday, December 22nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of National Bank in a report on Thursday, January 22nd. DA Davidson restated a “buy” rating and set a $48.00 price target on shares of National Bank in a research report on Thursday, February 19th. Stephens upgraded shares of National Bank from an “equal weight” rating to an “overweight” rating and set a $42.00 price target for the company in a research report on Monday, November 10th. Finally, Wall Street Zen lowered National Bank from a “hold” rating to a “sell” rating in a report on Saturday, January 31st. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $45.25.

Insider Buying and Selling

In other news, insider John Steinmetz acquired 24,200 shares of the firm’s stock in a transaction that occurred on Wednesday, February 11th. The shares were acquired at an average cost of $41.41 per share, with a total value of $1,002,122.00. Following the completion of the purchase, the insider directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.90% of the stock is currently owned by company insiders.

National Bank Stock Down 0.6%

NBHC stock opened at $40.44 on Wednesday. The company has a current ratio of 0.94, a quick ratio of 0.93 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $1.53 billion, a price-to-earnings ratio of 14.19 and a beta of 0.79. National Bank Holdings Corporation has a 52 week low of $32.83 and a 52 week high of $42.99. The firm’s 50-day moving average is $40.40 and its two-hundred day moving average is $38.89.

National Bank (NYSE:NBHC) last posted its earnings results on Tuesday, January 27th. The financial services provider reported $0.60 EPS for the quarter, missing the consensus estimate of $0.87 by ($0.27). The business had revenue of $99.08 million for the quarter, compared to analyst estimates of $107.48 million. National Bank had a return on equity of 8.65% and a net margin of 18.66%.During the same period in the previous year, the company earned $0.86 earnings per share. On average, analysts forecast that National Bank Holdings Corporation will post 3.31 earnings per share for the current fiscal year.

National Bank Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 27th will be issued a $0.32 dividend. The ex-dividend date of this dividend is Friday, February 27th. This represents a $1.28 annualized dividend and a yield of 3.2%. This is an increase from National Bank’s previous quarterly dividend of $0.31. National Bank’s payout ratio is currently 44.91%.

National Bank 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.