Boston Partners Purchases 176,375 Shares of National Bank Holdings Co. (NYSE:NBHC)

Boston Partners increased its holdings in National Bank Holdings Co. (NYSE:NBHC) by 743.6% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 200,094 shares of the financial services provider’s stock after purchasing an additional 176,375 shares during the period. Boston Partners owned approximately 0.53% of National Bank worth $7,211,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of NBHC. Arizona State Retirement System raised its holdings in National Bank by 22.8% during the 4th quarter. Arizona State Retirement System now owns 10,545 shares of the financial services provider’s stock valued at $392,000 after buying an additional 1,956 shares during the period. Mutual of America Capital Management LLC bought a new stake in shares of National Bank in the 4th quarter worth about $246,000. Louisiana State Employees Retirement System purchased a new position in shares of National Bank during the 4th quarter worth about $703,000. Everence Capital Management Inc. bought a new position in National Bank during the 4th quarter valued at about $244,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in National Bank by 15.6% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,924 shares of the financial services provider’s stock worth $295,000 after purchasing an additional 1,067 shares during the period. Hedge funds and other institutional investors own 92.65% of the company’s stock.

Insider Buying and Selling at National Bank

In related news, Director Patrick G. Sobers sold 18,738 shares of the stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $43.10, for a total transaction of $807,607.80. Following the completion of the sale, the director now owns 20,788 shares of the company’s stock, valued at $895,962.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO G. Timothy Laney sold 49,763 shares of the firm’s stock in a transaction on Monday, July 29th. The stock was sold at an average price of $42.64, for a total value of $2,121,894.32. Following the completion of the transaction, the chief executive officer now owns 272,126 shares in the company, valued at approximately $11,603,452.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Patrick G. Sobers sold 18,738 shares of the stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $43.10, for a total transaction of $807,607.80. Following the completion of the transaction, the director now owns 20,788 shares in the company, valued at approximately $895,962.80. The disclosure for this sale can be found here. 3.10% of the stock is owned by insiders.

National Bank Stock Down 0.8 %

Shares of National Bank stock traded down $0.32 during trading on Friday, hitting $39.60. 364,635 shares of the stock traded hands, compared to its average volume of 272,434. National Bank Holdings Co. has a 52-week low of $28.38 and a 52-week high of $46.51. The stock’s fifty day simple moving average is $39.20 and its 200 day simple moving average is $36.20. The firm has a market cap of $1.50 billion, a P/E ratio of 11.38 and a beta of 0.86. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.07.

National Bank (NYSE:NBHC) last posted its quarterly earnings results on Tuesday, July 23rd. The financial services provider reported $0.68 EPS for the quarter, missing the consensus estimate of $0.74 by ($0.06). National Bank had a net margin of 21.40% and a return on equity of 10.44%. The business had revenue of $99.31 million during the quarter, compared to the consensus estimate of $102.96 million. During the same quarter in the prior year, the firm posted $0.85 EPS. The company’s revenue for the quarter was down 5.5% compared to the same quarter last year. On average, equities analysts predict that National Bank Holdings Co. will post 2.99 earnings per share for the current fiscal year.

National Bank Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Friday, August 30th will be issued a $0.28 dividend. The ex-dividend date is Friday, August 30th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.83%. National Bank’s dividend payout ratio is presently 32.18%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on NBHC. Keefe, Bruyette & Woods boosted their target price on National Bank from $39.00 to $45.00 and gave the company a “market perform” rating in a research report on Monday, July 29th. DA Davidson upped their price objective on National Bank from $42.00 to $45.00 and gave the company a “buy” rating in a research report on Tuesday, July 2nd. Hovde Group increased their target price on National Bank from $42.00 to $50.00 and gave the stock an “outperform” rating in a research note on Friday, July 26th. StockNews.com lowered shares of National Bank from a “hold” rating to a “sell” rating in a research note on Wednesday, July 24th. Finally, Piper Sandler downgraded shares of National Bank from an “overweight” rating to a “neutral” rating and raised their price target for the stock from $42.00 to $46.00 in a research note on Thursday, July 25th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $46.40.

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.