Rosenthal Henry Capital Advisors Inc. Takes $981,000 Position in National Bank Holdings Co. (NYSE:NBHC)

Rosenthal Henry Capital Advisors Inc. purchased a new stake in shares of National Bank Holdings Co. (NYSE:NBHC - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 22,775 shares of the financial services provider's stock, valued at approximately $981,000. Rosenthal Henry Capital Advisors Inc. owned about 0.06% of National Bank at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. AQR Capital Management LLC raised its position 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 last quarter. SG Americas Securities LLC bought a new stake in National Bank during the 3rd quarter worth approximately $491,000. Leeward Investments LLC MA increased its position in National Bank by 64.2% in the 3rd quarter. Leeward Investments LLC MA now owns 374,638 shares of the financial services provider's stock valued at $15,772,000 after acquiring an additional 146,494 shares during the period. Principal Financial Group Inc. raised its stake in shares of National Bank by 36.1% during 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 last quarter. Finally, Assetmark Inc. acquired a new stake in National Bank in the third quarter valued at $71,000. 92.65% of the stock is owned by institutional investors.

Insider Activity

In related news, insider Valerie D. Kramer sold 897 shares of the business's stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $50.11, for a total transaction of $44,948.67. Following the transaction, the insider now directly owns 9,755 shares in the company, valued at approximately $488,823.05. The trade was a 8.42 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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 shares were sold at an average price of $49.81, for a total value of $959,290.79. Following the completion of the transaction, the insider now directly owns 143,210 shares of the company's stock, valued at approximately $7,133,290.10. This represents a 11.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 21,431 shares of company stock worth $1,067,505 over the last three months. 3.10% of the stock is currently owned by insiders.

Analyst Ratings Changes

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

National Bank Stock Up 1.1 %

Shares of NBHC stock traded up $0.49 on Thursday, reaching $43.97. 107,267 shares of the company were exchanged, compared to its average volume of 182,649. National Bank Holdings Co. has a one year low of $32.13 and a one year high of $51.76. The company has a market cap of $1.67 billion, a price-to-earnings ratio of 14.23 and a beta of 0.85. The company has a 50-day moving average of $44.16 and a 200-day moving average of $43.62. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.95 and a quick ratio of 0.94.

National Bank (NYSE:NBHC - Get Free Report) last announced its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $0.86 EPS for the quarter, beating analysts' consensus estimates of $0.79 by $0.07. National Bank had a return on equity of 9.76% and a net margin of 19.82%. Analysts anticipate that National Bank Holdings Co. will post 3.4 earnings per share for the current year.

National Bank Dividend Announcement

The firm 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 dividend yield of 2.64%. The ex-dividend date is Friday, February 28th. National Bank's dividend payout ratio (DPR) is 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.