Allspring Global Investments Holdings LLC reduced its stake in National Bank Holdings Co. (NYSE:NBHC – Get Rating) by 8.9% during the 3rd quarter, HoldingsChannel reports. The firm owned 54,972 shares of the financial services provider’s stock after selling 5,338 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in National Bank were worth $2,033,000 at the end of the most recent reporting period.
Several other large investors also recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in shares of National Bank by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 3,174,806 shares of the financial services provider’s stock valued at $127,881,000 after purchasing an additional 33,668 shares during the period. Price T Rowe Associates Inc. MD grew its stake in shares of National Bank by 2.7% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 2,886,257 shares of the financial services provider’s stock valued at $110,457,000 after purchasing an additional 75,293 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of National Bank by 0.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,460,043 shares of the financial services provider’s stock valued at $58,812,000 after purchasing an additional 13,594 shares during the period. State Street Corp grew its position in National Bank by 11.3% during the 1st quarter. State Street Corp now owns 1,409,878 shares of the financial services provider’s stock worth $56,790,000 after acquiring an additional 143,573 shares during the last quarter. Finally, Renaissance Technologies LLC grew its position in National Bank by 4.3% during the 2nd quarter. Renaissance Technologies LLC now owns 1,218,100 shares of the financial services provider’s stock worth $46,617,000 after acquiring an additional 50,600 shares during the last quarter. 78.50% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
A number of equities research analysts recently commented on NBHC shares. Stephens increased their price target on National Bank from $45.00 to $47.00 and gave the stock an “equal weight” rating in a research report on Monday, October 31st. DA Davidson increased their price target on National Bank to $50.00 in a research report on Tuesday, November 1st. Finally, StockNews.com lowered National Bank from a “hold” rating to a “sell” rating in a research report on Friday, December 16th.
Insiders Place Their Bets
National Bank Stock Down 1.7 %
NYSE NBHC opened at $41.70 on Friday. The firm has a market cap of $1.57 billion, a PE ratio of 16.61 and a beta of 0.95. National Bank Holdings Co. has a one year low of $36.04 and a one year high of $50.00. The stock’s 50 day simple moving average is $44.24 and its 200 day simple moving average is $41.83. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.87 and a quick ratio of 0.87.
National Bank (NYSE:NBHC – Get Rating) last released its earnings results on Thursday, October 27th. The financial services provider reported $0.80 earnings per share for the quarter, topping analysts’ consensus estimates of $0.65 by $0.15. National Bank had a return on equity of 10.37% and a net margin of 24.97%. The company had revenue of $86.45 million during the quarter, compared to the consensus estimate of $82.38 million. During the same quarter in the previous year, the company posted $0.64 earnings per share. As a group, sell-side analysts forecast that National Bank Holdings Co. will post 3.09 earnings per share for the current fiscal year.
National Bank Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 15th. Shareholders of record on Friday, November 25th were issued a dividend of $0.25 per share. This is a boost from National Bank’s previous quarterly dividend of $0.23. This represents a $1.00 annualized dividend and a yield of 2.40%. The ex-dividend date was Wednesday, November 23rd. National Bank’s payout ratio is currently 39.84%.
National Bank Company Profile
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.
- Get a free copy of the StockNews.com research report on National Bank (NBHC)
- Exxon Mobil Stock: Within Striking Distance Of Buy Point
- High-Dividend-Yielding BHP Sees China Driving ’23 Growth
- Is Airbnb Setting Up To Rally 38%, As Analysts Are Forecasting?
- Does a Price Cut for Tesla Vehicles Mean the Same for TSLA Stock?
- Microsoft Layoffs Signal Layoffs for Other Tech Companies?
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.