National Bank Holdings Co. (NYSE:NBHC) Holdings Lifted by Leeward Investments LLC MA

Leeward Investments LLC MA boosted its holdings in shares of National Bank Holdings Co. (NYSE:NBHC - Free Report) by 64.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 374,638 shares of the financial services provider's stock after acquiring an additional 146,494 shares during the period. Leeward Investments LLC MA owned about 0.99% of National Bank worth $15,772,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Innealta Capital LLC acquired a new position in National Bank in the 2nd quarter valued at $41,000. Meeder Asset Management Inc. purchased a new position in National Bank during the second quarter worth about $52,000. Choreo LLC acquired a new stake in National Bank in the 2nd quarter worth about $209,000. ProShare Advisors LLC grew its holdings in National Bank by 7.4% in the 1st quarter. ProShare Advisors LLC now owns 7,450 shares of the financial services provider's stock valued at $269,000 after buying an additional 513 shares during the period. Finally, Intech Investment Management LLC purchased a new position in shares of National Bank during the 2nd quarter worth about $319,000. Hedge funds and other institutional investors own 92.65% of the company's stock.

Analysts Set New Price Targets

A number of research firms have weighed in on NBHC. StockNews.com downgraded shares of National Bank from a "hold" rating to a "sell" rating in a research note on Wednesday, July 24th. Keefe, Bruyette & Woods lifted their target price on National Bank from $39.00 to $45.00 and gave the company a "market perform" rating in a report on Monday, July 29th. Stephens upped their price target on National Bank from $46.00 to $49.00 and gave the stock an "equal weight" rating in a research note on Thursday, October 24th. Hovde Group lifted their price objective on National Bank from $50.00 to $51.00 and gave the company an "outperform" rating in a research note on Monday, October 28th. Finally, Piper Sandler boosted their target price on National Bank from $44.00 to $48.00 and gave the stock a "neutral" rating in a report on Thursday, October 24th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $49.20.

National Bank Stock Down 4.0 %

NBHC stock traded down $2.05 during trading on Thursday, reaching $49.19. The stock had a trading volume of 331,120 shares, compared to its average volume of 201,629. 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 firm has a fifty day moving average price of $42.86 and a 200 day moving average price of $40.02. The company has a market capitalization of $1.87 billion, a P/E ratio of 15.23 and a beta of 0.84. National Bank Holdings Co. has a 1-year low of $31.24 and a 1-year high of $51.76.

National Bank (NYSE:NBHC - Get Free Report) last issued its quarterly earnings results on Tuesday, October 22nd. The financial services provider reported $0.86 EPS for the quarter, beating analysts' consensus estimates of $0.76 by $0.10. National Bank had a return on equity of 9.93% and a net margin of 20.52%. The firm had revenue of $156.39 million during the quarter, compared to the consensus estimate of $102.32 million. During the same quarter in the prior year, the business posted $0.94 earnings per share. On average, equities analysts anticipate that National Bank Holdings Co. will post 3.18 earnings per share for the current year.

National Bank Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.36%. The ex-dividend date of this dividend is Friday, November 29th. This is a positive change from National Bank's previous quarterly dividend of $0.28. National Bank's dividend payout ratio is 34.67%.

Insider Transactions at National Bank

In other National Bank news, insider Valerie D. Kramer sold 725 shares of the company's stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $40.17, for a total transaction of $29,123.25. Following the sale, the insider now owns 10,398 shares in the company, valued at $417,687.66. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. In other National Bank news, insider Valerie D. Kramer sold 725 shares of the stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $40.17, for a total transaction of $29,123.25. Following the sale, the insider now directly owns 10,398 shares of the company's stock, valued at approximately $417,687.66. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Art Zeile sold 3,875 shares of National Bank stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $41.27, for a total transaction of $159,921.25. Following the completion of the transaction, the director now directly owns 16,202 shares of the company's stock, valued at $668,656.54. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 34,691 shares of company stock valued at $1,502,496. Insiders own 3.30% of the company's stock.

National Bank 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.