Vanguard Group Inc. Cuts Holdings in National Bank Holdings Corporation $NBHC

Vanguard Group Inc. cut 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 Securities and Exchange Commission (SEC). The firm owned 4,115,328 shares of the financial services provider’s stock after selling 77,502 shares during the quarter. Vanguard Group Inc. owned about 10.82% of National Bank worth $159,016,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Tower Research Capital LLC TRC raised its stake in shares of National Bank by 131.3% during the second quarter. Tower Research Capital LLC TRC now owns 3,395 shares of the financial services provider’s stock worth $128,000 after acquiring an additional 1,927 shares in the last quarter. Savant Capital LLC bought a new position in shares of National Bank in the third quarter worth approximately $211,000. Envestnet Asset Management Inc. raised its position in National Bank by 6.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 5,955 shares of the financial services provider’s stock worth $224,000 after buying an additional 355 shares during the last quarter. Osaic Holdings Inc. lifted its holdings in National Bank by 126.0% in the second quarter. Osaic Holdings Inc. now owns 6,367 shares of the financial services provider’s stock valued at $239,000 after acquiring an additional 3,550 shares during the period. Finally, Johnson Investment Counsel Inc. lifted its position in National Bank by 5.7% during the third quarter. Johnson Investment Counsel Inc. now owns 6,592 shares of the financial services provider’s stock valued at $255,000 after purchasing an additional 353 shares in the last quarter. 92.65% of the stock is owned by institutional investors.

National Bank Trading Down 0.6%

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

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

National Bank Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Stockholders 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 is a boost from National Bank’s previous quarterly dividend of $0.31. This represents a $1.28 annualized dividend and a dividend yield of 3.2%. National Bank’s dividend payout ratio (DPR) is currently 44.91%.

Insider Buying and Selling

In related news, insider John Steinmetz bought 24,200 shares of the firm’s stock in a transaction dated Wednesday, February 11th. The stock was bought at an average cost 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. This represents a 4.72% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 2.90% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

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

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.