Westwood Holdings Group Inc. Purchases 19,016 Shares of National Bank Holdings Co. (NYSE:NBHC)

Westwood Holdings Group Inc. boosted its position in shares of National Bank Holdings Co. (NYSE:NBHC) by 2.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 935,119 shares of the financial services provider’s stock after buying an additional 19,016 shares during the period. Westwood Holdings Group Inc.’s holdings in National Bank were worth $33,730,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Jackson Hole Capital Partners LLC purchased a new stake in shares of National Bank during the 4th quarter worth approximately $17,537,000. Wellington Management Group LLP raised its stake in National Bank by 6.5% during the fourth quarter. Wellington Management Group LLP now owns 3,904,987 shares of the financial services provider’s stock valued at $145,226,000 after purchasing an additional 239,401 shares in the last quarter. Russell Investments Group Ltd. lifted its position in National Bank by 87.6% during the first quarter. Russell Investments Group Ltd. now owns 478,748 shares of the financial services provider’s stock valued at $17,268,000 after purchasing an additional 223,505 shares during the last quarter. Hsbc Holdings PLC grew its stake in shares of National Bank by 1,015.3% in the 4th quarter. Hsbc Holdings PLC now owns 235,268 shares of the financial services provider’s stock worth $8,754,000 after buying an additional 214,174 shares in the last quarter. Finally, Boston Partners increased its holdings in shares of National Bank by 743.6% in the 1st quarter. Boston Partners now owns 200,094 shares of the financial services provider’s stock worth $7,211,000 after buying an additional 176,375 shares during the last quarter. Hedge funds and other institutional investors own 92.65% of the company’s stock.

National Bank Trading Down 0.8 %

NBHC traded down $0.32 during trading hours on Friday, reaching $39.60. 364,635 shares of the company’s stock traded hands, compared to its average volume of 272,434. The firm has a 50-day moving average price of $39.20 and a 200 day moving average price of $36.19. The firm has a market capitalization of $1.50 billion, a PE ratio of 11.38 and a beta of 0.86. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.07. National Bank Holdings Co. has a 52-week low of $28.38 and a 52-week high of $46.51.

National Bank (NYSE:NBHC) last issued its earnings results on Tuesday, July 23rd. The financial services provider reported $0.68 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.06). The company had revenue of $99.31 million for the quarter, compared to analysts’ expectations of $102.96 million. National Bank had a net margin of 21.40% and a return on equity of 10.44%. The firm’s revenue for the quarter was down 5.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.85 earnings per share. As a group, sell-side analysts predict that National Bank Holdings Co. will post 2.99 EPS 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 paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 2.83%. The ex-dividend date of this dividend is Friday, August 30th. National Bank’s dividend payout ratio is presently 32.18%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. Hovde Group increased their price target on shares of National Bank from $42.00 to $50.00 and gave the company an “outperform” rating in a report on Friday, July 26th. Keefe, Bruyette & Woods lifted their target price on National Bank from $39.00 to $45.00 and gave the stock a “market perform” rating in a report on Monday, July 29th. StockNews.com lowered National Bank from a “hold” rating to a “sell” rating in a report on Wednesday, July 24th. Piper Sandler lowered shares of National Bank from an “overweight” rating to a “neutral” rating and lifted their price objective for the stock from $42.00 to $46.00 in a research note on Thursday, July 25th. Finally, DA Davidson boosted their price objective on shares of National Bank from $42.00 to $45.00 and gave the company a “buy” rating in a research report on Tuesday, July 2nd. 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’s stock. According to data from MarketBeat, National Bank presently has a consensus rating of “Hold” and an average target price of $46.40.

Insider Activity

In other news, Director Patrick G. Sobers sold 18,738 shares of the stock in a transaction 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 transaction, the director now owns 20,788 shares of the company’s stock, valued at approximately $895,962.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, Director Patrick G. Sobers sold 18,738 shares of the company’s stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $43.10, for a total value of $807,607.80. Following the completion of the sale, the director now owns 20,788 shares of the company’s stock, valued at approximately $895,962.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Laney George 16,100 shares of the stock in a transaction on Tuesday, July 30th. The disclosure for this trade can be found here. Insiders own 3.10% of the company’s stock.

National Bank 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.