Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of National Bank Holdings Co. (NYSE:NBHC - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 11,617 shares of the financial services provider's stock, valued at approximately $500,000.
Several other institutional investors and hedge funds have also bought and sold shares of the business. State Street Corp boosted its stake in shares of National Bank by 7.6% during the 3rd quarter. State Street Corp now owns 1,799,224 shares of the financial services provider's stock valued at $75,747,000 after purchasing an additional 126,796 shares in the last quarter. Geode Capital Management LLC boosted its position in National Bank by 1.1% during the 3rd quarter. Geode Capital Management LLC now owns 861,483 shares of the financial services provider's stock valued at $36,276,000 after acquiring an additional 9,723 shares in the last quarter. Principal Financial Group Inc. grew its holdings in shares of National Bank by 36.1% during the 3rd quarter. Principal Financial Group Inc. now owns 786,096 shares of the financial services provider's stock worth $33,095,000 after acquiring an additional 208,303 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of National Bank by 0.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 357,049 shares of the financial services provider's stock worth $15,375,000 after acquiring an additional 1,562 shares during the period. Finally, Empowered Funds LLC raised its position in shares of National Bank by 5.1% in the 4th quarter. Empowered Funds LLC now owns 129,114 shares of the financial services provider's stock worth $5,560,000 after acquiring an additional 6,220 shares in the last quarter. Hedge funds and other institutional investors own 92.65% of the company's stock.
National Bank Stock Down 0.5 %
National Bank stock traded down $0.19 during mid-day trading on Tuesday, hitting $39.45. The company had a trading volume of 201,065 shares, compared to its average volume of 201,406. National Bank Holdings Co. has a 12 month low of $32.13 and a 12 month high of $51.76. The company has a current ratio of 0.95, a quick ratio of 0.94 and a debt-to-equity ratio of 0.08. The stock's 50 day moving average price is $41.77 and its two-hundred day moving average price is $43.45. The company has a market capitalization of $1.50 billion, a PE ratio of 12.77 and a beta of 0.86.
National Bank (NYSE:NBHC - Get Free Report) last issued its earnings results 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 net margin of 19.82% and a return on equity of 9.76%. As a group, sell-side analysts anticipate that National Bank Holdings Co. will post 3.31 earnings per share for the current fiscal year.
National Bank Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were paid a dividend of $0.29 per share. The ex-dividend date was Friday, February 28th. This represents a $1.16 annualized dividend and a yield of 2.94%. National Bank's dividend payout ratio is 37.54%.
Analyst Upgrades and Downgrades
Several research firms recently weighed in on NBHC. StockNews.com upgraded National Bank from a "sell" rating to a "hold" rating in a research report on Wednesday, March 19th. Keefe, Bruyette & Woods increased their price target on shares of National Bank from $47.00 to $52.00 and gave the stock a "market perform" rating in a research note on Wednesday, December 4th. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $51.40.
View Our Latest Stock Analysis on National Bank
National Bank Company Profile
(
Free Report)
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.
Featured Stories
Before you consider National Bank, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and National Bank wasn't on the list.
While National Bank currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
