Public Sector Pension Investment Board trimmed its stake in National Bank Holdings Co. (NYSE:NBHC – Free Report) by 3.2% in the third quarter, HoldingsChannel reports. The firm owned 80,481 shares of the financial services provider’s stock after selling 2,700 shares during the period. Public Sector Pension Investment Board’s holdings in National Bank were worth $3,388,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Innealta Capital LLC acquired a new stake in shares of National Bank in the 2nd quarter valued at about $41,000. Meeder Asset Management Inc. acquired a new position in National Bank during the 2nd quarter worth approximately $52,000. Assetmark Inc. bought a new position in National Bank in the third quarter worth approximately $71,000. Atria Investments Inc acquired a new stake in National Bank in the third quarter valued at approximately $202,000. Finally, Choreo LLC bought a new stake in shares of National Bank during the second quarter valued at approximately $209,000. 92.65% of the stock is owned by institutional investors.
Insider Transactions at National Bank
In other news, insider Richard U. Jr. Newfield sold 19,259 shares of the firm’s stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $49.81, for a total transaction of $959,290.79. Following the completion of the sale, the insider now owns 143,210 shares in the company, valued at $7,133,290.10. This trade represents a 11.85 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Valerie D. Kramer sold 897 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $50.11, for a total value of $44,948.67. Following the completion of the transaction, the insider now owns 9,755 shares in the company, valued at approximately $488,823.05. The trade was a 8.42 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 21,431 shares of company stock worth $1,067,505 in the last ninety days. Company insiders own 3.30% of the company’s stock.
Wall Street Analyst Weigh In
Get Our Latest Analysis on NBHC
National Bank Stock Down 1.1 %
NBHC opened at $47.16 on Wednesday. National Bank Holdings Co. has a fifty-two week low of $32.13 and a fifty-two week high of $51.76. The firm has a market capitalization of $1.79 billion, a P/E ratio of 14.60 and a beta of 0.84. The company’s 50-day moving average is $45.13 and its 200 day moving average is $41.83. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.92 and a quick ratio of 0.92.
National Bank (NYSE:NBHC – Get Free Report) last posted its 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 for 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 quarter last year, the firm earned $0.94 EPS. Research analysts expect that National Bank Holdings Co. will post 3.18 earnings per share for the current fiscal year.
National Bank Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be given a dividend of $0.29 per share. The ex-dividend date of this dividend is Friday, November 29th. This is a positive change from National Bank’s previous quarterly dividend of $0.28. This represents a $1.16 annualized dividend and a dividend yield of 2.46%. National Bank’s dividend payout ratio (DPR) is currently 35.91%.
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.
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