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

Janus Henderson Group PLC lessened its holdings in shares of National Bank Holdings Co. (NYSE:NBHC) by 2.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,104 shares of the financial services provider’s stock after selling 667 shares during the period. Janus Henderson Group PLC owned about 0.08% of National Bank worth $1,267,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of NBHC. Innealta Capital LLC bought a new position in shares of National Bank in the second quarter worth about $41,000. Meeder Asset Management Inc. purchased a new stake in shares of National Bank in the 2nd quarter worth $52,000. Assetmark Inc. purchased a new stake in National Bank in the third quarter worth about $71,000. Atria Investments Inc bought a new position in shares of National Bank during the third quarter valued at approximately $202,000. Finally, Choreo LLC purchased a new stake in National Bank during the second quarter worth $209,000. Institutional investors own 92.65% of the company’s stock.

Insiders Place Their Bets

In other news, insider Richard U. Jr. Newfield sold 19,259 shares of the stock in a transaction 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. This represents a 11.85 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Valerie D. Kramer sold 897 shares of the stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $50.11, for a total transaction of $44,948.67. Following the transaction, the insider now directly owns 9,755 shares of the company’s stock, valued at approximately $488,823.05. This trade represents a 8.42 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 21,431 shares of company stock valued at $1,067,505. Insiders own 3.10% of the company’s stock.

National Bank Stock Up 0.2 %

Shares of NYSE NBHC opened at $46.35 on Friday. The firm has a market cap of $1.76 billion, a price-to-earnings ratio of 14.35 and a beta of 0.84. The company’s 50-day simple moving average is $45.97 and its 200-day simple moving average is $42.25. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.04. National Bank Holdings Co. has a 52-week low of $32.13 and a 52-week high of $51.76.

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, topping the consensus estimate of $0.76 by $0.10. The firm had revenue of $156.39 million during the quarter, compared to analysts’ expectations of $102.32 million. National Bank had a return on equity of 9.93% and a net margin of 20.52%. During the same period in the previous year, the business earned $0.94 earnings per share. Equities analysts predict that National Bank Holdings Co. will post 3.18 EPS for the current fiscal year.

National Bank Increases Dividend

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

Analyst Upgrades and Downgrades

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

About National Bank

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.