State of New Jersey Common Pension Fund D Sells 6,569 Shares of National Bank Holdings Co. (NYSE:NBHC)

State of New Jersey Common Pension Fund D cut its stake in shares of National Bank Holdings Co. (NYSE:NBHCGet Rating) by 10.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 55,555 shares of the financial services provider’s stock after selling 6,569 shares during the quarter. State of New Jersey Common Pension Fund D owned about 0.19% of National Bank worth $2,238,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. FDx Advisors Inc. increased its holdings in shares of National Bank by 14.4% during the first quarter. FDx Advisors Inc. now owns 8,128 shares of the financial services provider’s stock valued at $327,000 after acquiring an additional 1,023 shares in the last quarter. SG Americas Securities LLC bought a new stake in National Bank in the 1st quarter worth about $162,000. Assenagon Asset Management S.A. increased its holdings in National Bank by 1.0% in the 1st quarter. Assenagon Asset Management S.A. now owns 133,803 shares of the financial services provider’s stock worth $5,390,000 after buying an additional 1,389 shares in the last quarter. Barclays PLC increased its holdings in National Bank by 37.0% in the 4th quarter. Barclays PLC now owns 68,568 shares of the financial services provider’s stock worth $3,012,000 after buying an additional 18,520 shares in the last quarter. Finally, Segall Bryant & Hamill LLC increased its holdings in National Bank by 4.3% in the 4th quarter. Segall Bryant & Hamill LLC now owns 1,071,031 shares of the financial services provider’s stock worth $47,057,000 after buying an additional 44,260 shares in the last quarter. 97.59% of the stock is currently owned by institutional investors.

National Bank Trading Up 0.7 %

Shares of NYSE:NBHC opened at $41.80 on Thursday. The stock has a market capitalization of $1.26 billion, a price-to-earnings ratio of 15.77 and a beta of 0.89. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.84 and a current ratio of 0.85. The stock’s 50-day simple moving average is $39.57 and its two-hundred day simple moving average is $41.04. National Bank Holdings Co. has a 52-week low of $34.67 and a 52-week high of $48.24.

National Bank (NYSE:NBHCGet Rating) last announced its earnings results on Tuesday, July 19th. The financial services provider reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.05. National Bank had a return on equity of 9.94% and a net margin of 27.17%. During the same period in the previous year, the business earned $0.78 EPS. Analysts expect that National Bank Holdings Co. will post 2.68 EPS for the current year.

Insider Activity

In other news, Director Robert E. Dean sold 4,826 shares of National Bank stock in a transaction dated Tuesday, July 26th. The stock was sold at an average price of $41.00, for a total transaction of $197,866.00. Following the transaction, the director now directly owns 29,056 shares of the company’s stock, valued at approximately $1,191,296. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, CEO G. Timothy Laney sold 5,800 shares of National Bank stock in a transaction dated Tuesday, May 17th. The stock was sold at an average price of $40.02, for a total transaction of $232,116.00. Following the transaction, the chief executive officer now directly owns 311,208 shares of the company’s stock, valued at approximately $12,454,544.16. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Robert E. Dean sold 4,826 shares of National Bank stock in a transaction dated Tuesday, July 26th. The shares were sold at an average price of $41.00, for a total value of $197,866.00. Following the transaction, the director now directly owns 29,056 shares in the company, valued at $1,191,296. The disclosure for this sale can be found here. Insiders own 3.50% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. DA Davidson lifted their price objective on National Bank to $51.00 in a report on Friday, July 22nd. Piper Sandler lifted their price objective on National Bank to $45.00 in a report on Friday, July 22nd. StockNews.com upgraded National Bank from a “sell” rating to a “hold” rating in a report on Thursday, July 14th. Finally, Stephens reduced their price objective on National Bank to $45.00 in a report on Monday, July 25th.

National Bank Profile

(Get Rating)

National Bank Holdings Corporation operates as the bank holding company for NBH Bank that provides various banking products and financial services to commercial, business, and consumer clients in the United States. It offers deposit products, including checking, savings, money market, and other deposit accounts, including fixed-rate and fixed maturity time deposits.

See Also

Institutional Ownership by Quarter for National Bank (NYSE:NBHC)

Want More Great Investing Ideas?

Receive News & Ratings for National Bank Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for National Bank and related companies with MarketBeat.com's FREE daily email newsletter.