Assenagon Asset Management S.A. Takes Position in National Bank Holdings Co. (NYSE:NBHC)

Assenagon Asset Management S.A. acquired a new position in National Bank Holdings Co. (NYSE:NBHC - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 41,575 shares of the financial services provider's stock, valued at approximately $1,790,000. Assenagon Asset Management S.A. owned about 0.11% of National Bank as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in NBHC. Assetmark Inc. purchased a new stake in National Bank during the 3rd quarter worth approximately $71,000. Atria Investments Inc purchased a new stake in shares of National Bank during the third quarter worth $202,000. Intech Investment Management LLC acquired a new stake in shares of National Bank in the second quarter valued at $319,000. FMR LLC raised its stake in shares of National Bank by 359.7% in the third quarter. FMR LLC now owns 7,627 shares of the financial services provider's stock valued at $321,000 after acquiring an additional 5,968 shares in the last quarter. Finally, AQR Capital Management LLC boosted its holdings in National Bank by 49.0% in the second quarter. AQR Capital Management LLC now owns 10,378 shares of the financial services provider's stock valued at $405,000 after purchasing an additional 3,415 shares during the period. Hedge funds and other institutional investors own 92.65% of the company's stock.

Insider Activity

In other National Bank news, insider Valerie D. Kramer sold 897 shares of National Bank stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $50.11, for a total value of $44,948.67. Following the transaction, the insider now directly owns 9,755 shares in the company, valued at approximately $488,823.05. This trade represents a 8.42 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Richard U. Jr. Newfield sold 19,259 shares of the company's stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $49.81, for a total value of $959,290.79. Following the sale, the insider now owns 143,210 shares of the company's stock, valued at $7,133,290.10. This trade represents a 11.85 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 21,431 shares of company stock valued at $1,067,505. 3.10% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Hovde Group cut National Bank from an "outperform" rating to a "market perform" rating and set a $55.00 price objective for the company. in a research note on Monday, November 18th. Stephens boosted their price target on shares of National Bank from $46.00 to $49.00 and gave the stock an "equal weight" rating in a report on Thursday, October 24th. Keefe, Bruyette & Woods raised their price objective on shares of National Bank from $47.00 to $52.00 and gave the company a "market perform" rating in a report on Wednesday, December 4th. DA Davidson boosted their target price on shares of National Bank from $51.00 to $53.00 and gave the stock a "buy" rating in a research note on Thursday, October 24th. Finally, Piper Sandler raised their price target on National Bank from $44.00 to $48.00 and gave the company a "neutral" rating in a research note on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $51.40.

National Bank Stock Up 0.4 %

Shares of NYSE NBHC traded up $0.18 during mid-day trading on Friday, reaching $42.42. The company had a trading volume of 335,043 shares, compared to its average volume of 196,090. The firm has a 50 day simple moving average of $45.01 and a two-hundred day simple moving average of $43.59. National Bank Holdings Co. has a 52-week low of $32.13 and a 52-week high of $51.76. 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 stock has a market cap of $1.61 billion, a P/E ratio of 13.73 and a beta of 0.86.

National Bank (NYSE:NBHC - Get Free Report) last issued its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.07. National Bank had a return on equity of 9.85% and a net margin of 19.82%. Sell-side analysts predict that National Bank Holdings Co. will post 3.35 earnings per share for the current year.

National Bank Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 2.73%. The ex-dividend date of this dividend is Friday, February 28th. National Bank's dividend payout ratio is currently 37.54%.

National Bank Company 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.