Public Employees Retirement System of Ohio Increases Stake in National Bank Holdings Co. (NYSE:NBHC)

Public Employees Retirement System of Ohio boosted its position in shares of National Bank Holdings Co. (NYSE:NBHC - Free Report) by 22.7% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 59,898 shares of the financial services provider's stock after purchasing an additional 11,070 shares during the quarter. Public Employees Retirement System of Ohio owned about 0.16% of National Bank worth $2,522,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Dimensional Fund Advisors LP grew its position in National Bank by 9.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,950,210 shares of the financial services provider's stock worth $76,152,000 after purchasing an additional 167,711 shares during the period. Natixis Advisors LLC grew its holdings in shares of National Bank by 99.2% in the second quarter. Natixis Advisors LLC now owns 29,816 shares of the financial services provider's stock worth $1,164,000 after acquiring an additional 14,850 shares during the period. Victory Capital Management Inc. increased its position in National Bank by 12,407.1% during the second quarter. Victory Capital Management Inc. now owns 1,824,912 shares of the financial services provider's stock valued at $71,263,000 after acquiring an additional 1,810,321 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in National Bank by 36.1% in the third quarter. Principal Financial Group Inc. now owns 786,096 shares of the financial services provider's stock valued at $33,095,000 after acquiring an additional 208,303 shares during the period. Finally, SG Americas Securities LLC purchased a new position in National Bank in the third quarter worth about $491,000. 92.65% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other National Bank news, insider Valerie D. Kramer sold 1,275 shares of the stock in a transaction on Friday, November 8th. The shares were sold at an average price of $49.62, for a total transaction of $63,265.50. Following the completion of the transaction, the insider now owns 10,652 shares in the company, valued at $528,552.24. This trade represents a 10.69 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Richard U. Jr. Newfield sold 19,259 shares of the stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $49.81, for a total transaction of $959,290.79. Following the transaction, 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 quarter, insiders sold 21,431 shares of company stock worth $1,067,505. 3.10% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on NBHC. Piper Sandler boosted 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. Stephens boosted their price target on National Bank from $46.00 to $49.00 and gave the company an "equal weight" rating in a research note on Thursday, October 24th. Keefe, Bruyette & Woods boosted their price target on National Bank from $47.00 to $52.00 and gave the company a "market perform" rating in a research note on Wednesday, December 4th. Hovde Group downgraded National Bank from an "outperform" rating to a "market perform" rating and set a $55.00 price objective on the stock. in a research note on Monday, November 18th. Finally, DA Davidson increased their target price on shares of National Bank from $51.00 to $53.00 and gave the stock a "buy" rating in a report on Thursday, October 24th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, National Bank has an average rating of "Hold" and an average target price of $51.40.

National Bank Price Performance

Shares of NYSE NBHC traded down $2.51 during midday trading on Wednesday, reaching $43.05. The stock had a trading volume of 249,227 shares, compared to its average volume of 203,953. The stock has a 50-day moving average of $46.28 and a 200-day moving average of $42.53. 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 company has a market capitalization of $1.64 billion, a price-to-earnings ratio of 13.33 and a beta of 0.84. National Bank Holdings Co. has a 12-month low of $32.13 and a 12-month high of $51.76.

National Bank (NYSE:NBHC - Get Free Report) last issued its earnings results on Tuesday, October 22nd. The financial services provider reported $0.86 earnings per share for the quarter, topping analysts' consensus estimates of $0.76 by $0.10. National Bank had a net margin of 20.52% and a return on equity of 9.93%. The firm 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 business earned $0.94 earnings per share. As a group, research analysts anticipate that National Bank Holdings Co. will post 3.18 EPS for the current fiscal year.

National Bank Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were given a dividend of $0.29 per share. This is a positive change from National Bank's previous quarterly dividend of $0.28. The ex-dividend date was Friday, November 29th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.69%. National Bank's dividend payout ratio is currently 35.91%.

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.