UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $3.44 Million Stake in National Bank Holdings Co. (NYSE:NBHC)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its holdings in National Bank Holdings Co. (NYSE:NBHC) by 5.7% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 81,656 shares of the financial services provider’s stock after selling 4,913 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.22% of National Bank worth $3,438,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Innealta Capital LLC acquired a new stake in National Bank during the second quarter worth $41,000. Meeder Asset Management Inc. bought a new position in shares of National Bank during the 2nd quarter worth about $52,000. Assetmark Inc. bought a new position in shares of National Bank during the 3rd quarter worth about $71,000. Atria Investments Inc acquired a new stake in shares of National Bank during the 3rd quarter valued at about $202,000. Finally, Choreo LLC bought a new stake in National Bank in the second quarter valued at about $209,000. 92.65% of the stock is currently owned by institutional investors.

National Bank Price Performance

Shares of NBHC opened at $46.35 on Friday. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.04. The company’s fifty day simple moving average is $45.97 and its 200 day simple moving average is $42.25. National Bank Holdings Co. has a 1-year low of $32.13 and a 1-year high of $51.76. The company has a market cap of $1.76 billion, a price-to-earnings ratio of 14.35 and a beta of 0.84.

National Bank (NYSE:NBHC) last released its quarterly earnings data on Tuesday, October 22nd. The financial services provider reported $0.86 EPS for the quarter, topping analysts’ consensus estimates 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 net margin of 20.52% and a return on equity of 9.93%. During the same period in the previous year, the business posted $0.94 earnings per share. On average, research analysts forecast that National Bank Holdings Co. will post 3.18 earnings per share for the current fiscal year.

National Bank Increases Dividend

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

Insider Transactions at National Bank

In other National Bank news, insider Richard U. Jr. Newfield sold 19,259 shares of the stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $49.81, for a total value 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 trade represents a 11.85 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Valerie D. Kramer sold 897 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $50.11, for a total transaction 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 ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 21,431 shares of company stock valued at $1,067,505. 3.10% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

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

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.