Guggenheim Capital LLC lifted its position in shares of National Bank Holdings (NYSE:NBHC) by 101.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 96,999 shares of the financial services provider’s stock after purchasing an additional 48,860 shares during the period. Guggenheim Capital LLC owned about 0.36% of National Bank worth $3,145,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Municipal Employees Retirement System of Michigan increased its position in National Bank by 59.6% in the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 10,020 shares of the financial services provider’s stock valued at $358,000 after acquiring an additional 3,740 shares during the period. Bank of New York Mellon Corp increased its position in National Bank by 2.3% in the 3rd quarter. Bank of New York Mellon Corp now owns 623,391 shares of the financial services provider’s stock valued at $22,249,000 after acquiring an additional 14,163 shares during the period. SG Americas Securities LLC acquired a new position in National Bank in the 3rd quarter valued at about $284,000. Macquarie Group Ltd. acquired a new position in National Bank in the 3rd quarter valued at about $410,000. Finally, Wells Fargo & Company MN increased its position in National Bank by 16.6% in the 3rd quarter. Wells Fargo & Company MN now owns 58,850 shares of the financial services provider’s stock valued at $1,894,000 after acquiring an additional 8,362 shares during the period. Institutional investors and hedge funds own 85.05% of the company’s stock.
NBHC has been the topic of several recent research reports. Keefe, Bruyette & Woods restated a “hold” rating and issued a $37.00 price target on shares of National Bank in a research 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. Hovde Group set a $35.00 price objective on National Bank and gave the company a “hold” rating in a report on Wednesday, January 3rd. Finally, DA Davidson raised National Bank from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $36.00 to $38.00 in a report on Tuesday, March 27th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $36.14.
National Bank (NYSE:NBHC) last announced its quarterly earnings data on Thursday, January 25th. The financial services provider reported $0.36 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.33 by $0.03. National Bank had a return on equity of 6.39% and a net margin of 7.16%. The company had revenue of $45.80 million for the quarter, compared to analyst estimates of $47.87 million. During the same quarter in the previous year, the company earned $0.36 EPS. analysts expect that National Bank Holdings will post 1.88 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 15th. Shareholders of record on Friday, February 23rd were issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 1.09%. The ex-dividend date of this dividend was Thursday, February 22nd. National Bank’s dividend payout ratio is presently 28.57%.
In other news, Director Burney S. Warren III sold 3,841 shares of the business’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $34.00, for a total transaction of $130,594.00. Following the sale, the director now owns 20,542 shares of the company’s stock, valued at approximately $698,428. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Richard U. Jr. Newfield sold 25,000 shares of the business’s stock in a transaction that occurred 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 sale, 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. Insiders sold a total of 257,968 shares of company stock worth $8,664,085 in the last ninety days. 7.60% of the stock is owned by corporate insiders.
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About National Bank
National Bank Holdings Corporation operates as the bank holding company for NBH Bank, N.A. that provides various banking products and financial services to commercial, business, and consumer clients in the United States. The company offers deposit products, including checking accounts, savings accounts, money market accounts, and other deposit accounts, including fixed-rate and fixed maturity time deposits.
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