Janus Henderson Group PLC Cuts Holdings in National Bank Holdings Co. (NYSE:NBHC)

Janus Henderson Group PLC lessened its stake in National Bank Holdings Co. (NYSE:NBHC) by 2.2% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 30,104 shares of the financial services provider’s stock after selling 667 shares during the quarter. Janus Henderson Group PLC’s holdings in National Bank were worth $1,267,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Victory Capital Management Inc. boosted its holdings in shares of National Bank by 56.0% in the 3rd quarter. Victory Capital Management Inc. now owns 2,846,741 shares of the financial services provider’s stock valued at $119,848,000 after buying an additional 1,021,829 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of National Bank by 9.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,950,210 shares of the financial services provider’s stock valued at $76,152,000 after purchasing an additional 167,711 shares during the period. Principal Financial Group Inc. grew its stake in National Bank by 36.1% during the 3rd quarter. Principal Financial Group Inc. now owns 786,096 shares of the financial services provider’s stock worth $33,095,000 after buying an additional 208,303 shares during the last quarter. American Century Companies Inc. increased its position in National Bank by 154.8% during the second quarter. American Century Companies Inc. now owns 377,929 shares of the financial services provider’s stock worth $14,758,000 after buying an additional 229,630 shares during the period. Finally, Leeward Investments LLC MA lifted its stake in National Bank by 64.2% in the third quarter. Leeward Investments LLC MA now owns 374,638 shares of the financial services provider’s stock valued at $15,772,000 after buying an additional 146,494 shares during the last quarter. Institutional investors and hedge funds own 92.65% of the company’s stock.

Insider Buying and Selling at National Bank

In other news, insider Richard U. Jr. Newfield sold 19,259 shares of the business’s stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $49.81, for a total transaction of $959,290.79. Following the completion of the transaction, the insider now directly owns 143,210 shares in the company, valued at approximately $7,133,290.10. The trade was a 11.85 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Valerie D. Kramer sold 897 shares of National Bank stock in a transaction on Monday, November 11th. The shares were sold at an average price of $50.11, for a total value of $44,948.67. Following the sale, the insider now directly owns 9,755 shares in the company, valued at $488,823.05. The trade was a 8.42 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 21,431 shares of company stock worth $1,067,505 over the last 90 days. Insiders own 3.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Piper Sandler upped their target price on shares of National Bank from $44.00 to $48.00 and gave the company a “neutral” rating in a report on Thursday, October 24th. Hovde Group lowered shares of National Bank from an “outperform” rating to a “market perform” rating and set a $55.00 price target on the stock. in a research note on Monday, November 18th. DA Davidson increased their price objective on National Bank from $51.00 to $53.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Keefe, Bruyette & Woods raised their price objective on shares of National Bank from $47.00 to $52.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. Finally, Stephens boosted their target price on National Bank from $46.00 to $49.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $51.40.

National Bank Stock Up 0.2 %

Shares of NYSE:NBHC opened at $46.35 on Friday. The company has a 50 day moving average of $45.97 and a two-hundred day moving average of $42.25. National Bank Holdings Co. has a 52-week low of $32.13 and a 52-week high of $51.76. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $1.76 billion, a price-to-earnings ratio of 14.35 and a beta of 0.84.

National Bank (NYSE:NBHC) last issued its quarterly earnings results on Tuesday, October 22nd. The financial services provider reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.76 by $0.10. National Bank had a return on equity of 9.93% and a net margin of 20.52%. The firm had revenue of $156.39 million during the quarter, compared to the consensus estimate of $102.32 million. During the same quarter in the prior year, the business posted $0.94 earnings per share. As a group, analysts forecast that National Bank Holdings Co. will post 3.18 earnings per share for the current fiscal year.

National Bank Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were paid a dividend of $0.29 per share. The ex-dividend date was Friday, November 29th. This is a boost from National Bank’s previous quarterly dividend of $0.28. This represents a $1.16 annualized dividend and a yield of 2.50%. National Bank’s dividend payout ratio (DPR) is 35.91%.

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.