Principal Financial Group Inc. Buys 208,303 Shares of National Bank Holdings Co. (NYSE:NBHC)

Principal Financial Group Inc. boosted its holdings in shares of National Bank Holdings Co. (NYSE:NBHC - Free Report) by 36.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 786,096 shares of the financial services provider's stock after acquiring an additional 208,303 shares during the period. Principal Financial Group Inc. owned 2.07% of National Bank worth $33,095,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of NBHC. Dimensional Fund Advisors LP grew its position in National Bank by 9.4% in the second quarter. Dimensional Fund Advisors LP now owns 1,950,210 shares of the financial services provider's stock worth $76,152,000 after acquiring an additional 167,711 shares during the period. Victory Capital Management Inc. boosted its position in shares of National Bank by 12,407.1% during the 2nd quarter. Victory Capital Management Inc. now owns 1,824,912 shares of the financial services provider's stock worth $71,263,000 after purchasing an additional 1,810,321 shares during the period. Westwood Holdings Group Inc. raised its position in National Bank by 2.1% in the first quarter. Westwood Holdings Group Inc. now owns 935,119 shares of the financial services provider's stock valued at $33,730,000 after purchasing an additional 19,016 shares during the period. Russell Investments Group Ltd. lifted its stake in National Bank by 87.6% during the first quarter. Russell Investments Group Ltd. now owns 478,748 shares of the financial services provider's stock worth $17,268,000 after purchasing an additional 223,505 shares in the last quarter. Finally, American Century Companies Inc. grew its stake in shares of National Bank by 154.8% in the second quarter. American Century Companies Inc. now owns 377,929 shares of the financial services provider's stock valued at $14,758,000 after buying an additional 229,630 shares in the last quarter. 92.65% of the stock is owned by hedge funds and other institutional investors.

National Bank Price Performance

Shares of NYSE:NBHC traded down $0.60 during trading on Tuesday, reaching $49.52. The company had a trading volume of 188,472 shares, compared to its average volume of 202,402. The firm's fifty day moving average is $43.09 and its 200 day moving average is $40.32. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.92 and a current ratio of 0.92. The firm has a market capitalization of $1.88 billion, a PE ratio of 15.26 and a beta of 0.84. National Bank Holdings Co. has a twelve month low of $31.25 and a twelve month high of $51.76.

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

National Bank Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be issued a $0.29 dividend. This is an increase from National Bank's previous quarterly dividend of $0.28. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.34%. The ex-dividend date of this dividend is Friday, November 29th. National Bank's payout ratio is presently 35.91%.

Analysts Set New Price Targets

NBHC has been the subject of a number of analyst reports. Stephens boosted their target price on shares of National Bank from $46.00 to $49.00 and gave the stock an "equal weight" rating in a research note on Thursday, October 24th. StockNews.com cut shares of National Bank from a "hold" rating to a "sell" rating in a report on Wednesday, July 24th. Piper Sandler upped their price objective on National Bank from $44.00 to $48.00 and gave the company a "neutral" rating in a research report on Thursday, October 24th. DA Davidson lifted their price objective on National Bank from $51.00 to $53.00 and gave the stock a "buy" rating in a research report on Thursday, October 24th. Finally, Keefe, Bruyette & Woods lifted their price target on shares of National Bank from $39.00 to $45.00 and gave the stock a "market perform" rating in a report on Monday, July 29th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, National Bank currently has a consensus rating of "Hold" and a consensus price target of $49.20.

Insider Activity at National Bank

In other National Bank news, EVP Christopher S. Randall sold 3,750 shares of National Bank stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $43.51, for a total transaction of $163,162.50. Following the transaction, the executive vice president now directly owns 14,365 shares in the company, valued at approximately $625,021.15. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, EVP Christopher S. Randall sold 3,750 shares of the business's stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $43.51, for a total transaction of $163,162.50. Following the transaction, the executive vice president now directly owns 14,365 shares in the company, valued at $625,021.15. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 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 value of $159,921.25. Following the sale, the director now owns 16,202 shares of the company's stock, valued at approximately $668,656.54. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 33,966 shares of company stock valued at $1,473,372 over the last ninety days. Insiders own 3.30% of the company's stock.

About National Bank

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.