First Trust Advisors LP lifted its position in National Bank Holdings Corp (NYSE:NBHC) by 10.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 38,185 shares of the financial services provider’s stock after buying an additional 3,636 shares during the quarter. First Trust Advisors LP owned approximately 0.14% of National Bank worth $1,238,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Piedmont Investment Advisors LLC purchased a new stake in National Bank during the 3rd quarter worth about $208,000. LS Investment Advisors LLC increased its holdings in National Bank by 57.1% during the 4th quarter. LS Investment Advisors LLC now owns 6,736 shares of the financial services provider’s stock worth $218,000 after purchasing an additional 2,448 shares during the period. SG Americas Securities LLC purchased a new stake in National Bank during the 3rd quarter worth about $284,000. Crossmark Global Holdings Inc. purchased a new stake in National Bank during the 3rd quarter worth about $326,000. Finally, Teacher Retirement System of Texas purchased a new stake in National Bank during the 4th quarter worth about $298,000. Institutional investors own 85.05% of the company’s stock.
In other news, insider Richard U. Jr. Newfield sold 25,000 shares of the stock in a transaction dated 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 owns 127,507 shares in the company, valued at approximately $4,233,232.40. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Brian F. Lilly sold 74,769 shares of the stock in a transaction dated Friday, March 9th. The shares were sold at an average price of $33.52, for a total value of $2,506,256.88. Following the completion of the transaction, the chief financial officer now owns 203,846 shares in the company, valued at approximately $6,832,917.92. The disclosure for this sale can be found here. In the last quarter, insiders sold 257,968 shares of company stock worth $8,664,085. Company insiders own 7.60% of the company’s stock.
Shares of National Bank Holdings Corp (NBHC) opened at $31.85 on Monday. National Bank Holdings Corp has a 1-year low of $30.10 and a 1-year high of $37.08. The firm has a market capitalization of $965.44, a PE ratio of 61.25, a price-to-earnings-growth ratio of 1.66 and a beta of 0.71. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.24.
National Bank (NYSE:NBHC) last released its quarterly earnings data on Thursday, January 25th. The financial services provider reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.03. National Bank had a return on equity of 6.39% and a net margin of 7.16%. The business had revenue of $45.80 million for the quarter, compared to the consensus estimate of $47.87 million. During the same quarter in the prior year, the business posted $0.36 EPS. equities analysts expect that National Bank Holdings Corp will post 1.88 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 15th. Stockholders of record on Friday, February 23rd were issued a $0.09 dividend. The ex-dividend date was Thursday, February 22nd. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.13%. National Bank’s payout ratio is currently 69.23%.
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About National Bank
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.
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