Adams Diversified Equity Fund Inc. trimmed its stake in shares of National Bank Holdings Corp (NYSE:NBHC) by 22.5% during the fourth quarter, HoldingsChannel reports. The firm owned 23,100 shares of the financial services provider’s stock after selling 6,700 shares during the period. Adams Diversified Equity Fund Inc.’s holdings in National Bank were worth $749,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Brown Advisory Inc. boosted its holdings in National Bank by 11.1% during the fourth quarter. Brown Advisory Inc. now owns 1,118,380 shares of the financial services provider’s stock valued at $36,268,000 after purchasing an additional 111,968 shares in the last quarter. Citadel Advisors LLC boosted its holdings in National Bank by 74.6% during the fourth quarter. Citadel Advisors LLC now owns 28,368 shares of the financial services provider’s stock valued at $920,000 after purchasing an additional 12,120 shares in the last quarter. FDx Advisors Inc. boosted its holdings in National Bank by 22.0% during the fourth quarter. FDx Advisors Inc. now owns 12,361 shares of the financial services provider’s stock valued at $401,000 after purchasing an additional 2,225 shares in the last quarter. BlackRock Inc. boosted its holdings in National Bank by 1.3% during the fourth quarter. BlackRock Inc. now owns 3,436,780 shares of the financial services provider’s stock valued at $111,454,000 after purchasing an additional 43,591 shares in the last quarter. Finally, Rhumbline Advisers boosted its holdings in National Bank by 16.1% during the fourth quarter. Rhumbline Advisers now owns 64,778 shares of the financial services provider’s stock valued at $2,101,000 after purchasing an additional 8,963 shares in the last quarter. 96.02% of the stock is currently owned by institutional investors.
In other National Bank news, Director Robert E. Dean sold 3,076 shares of the company’s stock in a transaction on Monday, December 4th. The stock was sold at an average price of $33.74, for a total transaction of $103,784.24. Following the transaction, the director now owns 22,910 shares of the company’s stock, valued at approximately $772,983.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Richard U. Jr. Newfield sold 25,000 shares of the company’s stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $33.20, for a total value of $830,000.00. Following the transaction, the insider now directly owns 127,507 shares in the company, valued at approximately $4,233,232.40. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 31,917 shares of company stock worth $1,064,378. Company insiders own 7.60% of the company’s stock.
National Bank (NYSE:NBHC) last announced its earnings results on Thursday, January 25th. The financial services provider reported $0.36 EPS for the quarter, topping the consensus estimate of $0.33 by $0.03. The business had revenue of $45.80 million for the quarter, compared to the consensus estimate of $47.87 million. National Bank had a return on equity of 6.39% and a net margin of 7.16%. During the same period in the previous year, the business earned $0.36 EPS. research analysts anticipate that National Bank Holdings Corp will post 1.89 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Friday, February 23rd will be issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 1.10%. The ex-dividend date of this dividend is Thursday, February 22nd. National Bank’s dividend payout ratio is 69.23%.
Several research analysts have recently commented on NBHC shares. BidaskClub downgraded National Bank from a “hold” rating to a “sell” rating in a report on Thursday, November 9th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $37.00 target price on shares of National Bank in a report on Friday, December 22nd. Zacks Investment Research raised National Bank from a “strong sell” rating to a “hold” rating in a report on Wednesday, December 27th. Finally, Hovde Group set a $35.00 target price on National Bank and gave the stock a “hold” rating in a report on Wednesday, January 3rd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $35.83.
COPYRIGHT VIOLATION WARNING: “Adams Diversified Equity Fund Inc. Lowers Position in National Bank Holdings Corp (NBHC)” was posted by Ticker Report and is the property of of Ticker Report. If you are accessing this story on another site, it was illegally copied and republished in violation of international copyright law. The correct version of this story can be accessed at https://www.tickerreport.com/banking-finance/3229558/adams-diversified-equity-fund-inc-lowers-position-in-national-bank-holdings-corp-nbhc.html.
National Bank Profile
National Bank Holdings Corporation (NBH) is a bank holding company. Through Bank Midwest, N.A. (Bank Midwest), NBH’s primary business is to offer a range of products and financial services to both its commercial and consumer customers, located in Kansas, Missouri and Colorado. The Company offers an array of lending products to cater to the customers’ needs, including, but not limited to, small business loans, equipment loans, term loans, asset-backed loans, letters of credit, commercial lines of credit, residential mortgage loans, home equity and consumer loans.
Want to see what other hedge funds are holding NBHC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for National Bank Holdings Corp (NYSE:NBHC).
Receive News & Ratings for National Bank Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for National Bank and related companies with MarketBeat.com's FREE daily email newsletter.