FDx Advisors Inc. bought a new position in shares of National Bank Holdings Corp (NYSE:NBHC) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 10,136 shares of the financial services provider’s stock, valued at approximately $362,000.
Other large investors also recently modified their holdings of the company. BlackRock Inc. lifted its stake in shares of National Bank by 41,096.1% during the first quarter. BlackRock Inc. now owns 3,487,249 shares of the financial services provider’s stock worth $113,336,000 after buying an additional 3,478,784 shares during the period. Vanguard Group Inc. increased its holdings in National Bank by 2.7% in the second quarter. Vanguard Group Inc. now owns 2,577,232 shares of the financial services provider’s stock valued at $85,332,000 after buying an additional 68,938 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in National Bank by 0.7% in the second quarter. Dimensional Fund Advisors LP now owns 2,250,544 shares of the financial services provider’s stock valued at $74,516,000 after buying an additional 15,887 shares in the last quarter. Renaissance Technologies LLC increased its holdings in National Bank by 0.9% in the second quarter. Renaissance Technologies LLC now owns 1,154,900 shares of the financial services provider’s stock valued at $38,239,000 after buying an additional 10,600 shares in the last quarter. Finally, State Street Corp increased its holdings in National Bank by 11.9% in the first quarter. State Street Corp now owns 911,713 shares of the financial services provider’s stock valued at $29,640,000 after buying an additional 96,979 shares in the last quarter. 95.65% of the stock is currently owned by institutional investors and hedge funds.
In related news, Director Robert E. Dean sold 3,076 shares of the stock in a transaction on Monday, December 4th. The shares were sold at an average price of $33.74, for a total transaction of $103,784.24. Following the completion of the sale, the director now owns 22,910 shares in the company, valued at approximately $772,983.40. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 7.60% of the stock is owned by corporate insiders.
A number of analysts have recently commented on NBHC shares. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $35.00 target price on shares of National Bank in a research note on Friday, October 20th. Zacks Investment Research lowered shares of National Bank from a “buy” rating to a “hold” rating in a research report on Wednesday, August 30th. BidaskClub upgraded shares of National Bank from a “sell” rating to a “hold” rating in a report on Saturday, September 23rd. Finally, Sandler O’Neill upgraded shares of National Bank from a “hold” rating to a “buy” rating and set a $36.00 target price on the stock in a report on Friday, August 18th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. National Bank currently has an average rating of “Hold” and an average target price of $35.00.
Shares of National Bank Holdings Corp (NYSE NBHC) traded down $0.78 on Wednesday, reaching $32.29. 85,932 shares of the company traded hands, compared to its average volume of 114,628. National Bank Holdings Corp has a 1 year low of $30.10 and a 1 year high of $37.08. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.82 and a current ratio of 0.83. The stock has a market cap of $903.43, a P/E ratio of 26.92, a P/E/G ratio of 2.79 and a beta of 0.65.
National Bank (NYSE:NBHC) last announced its quarterly earnings data on Wednesday, October 18th. The financial services provider reported $0.26 EPS for the quarter, missing the Zacks’ consensus estimate of $0.30 by ($0.04). National Bank had a net margin of 17.13% and a return on equity of 6.40%. The firm had revenue of $47.45 million during the quarter, compared to analysts’ expectations of $48.90 million. During the same period in the prior year, the company posted $0.30 earnings per share. research analysts predict that National Bank Holdings Corp will post 1.21 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, November 24th will be paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date is Wednesday, November 22nd. National Bank’s dividend payout ratio is currently 28.80%.
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About National Bank
National Bank Holdings Corporation (NBH) is a bank holding company. Through Bank Midwest, N.A. (Bank Midwest), NBH’s primary business is to offer a range of products and financial services to both its commercial and consumer customers, located in Kansas, Missouri and Colorado. The Company offers an array of lending products to cater to the customers’ needs, including, but not limited to, small business loans, equipment loans, term loans, asset-backed loans, letters of credit, commercial lines of credit, residential mortgage loans, home equity and consumer loans.
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