Segall Bryant & Hamill LLC Trims Holdings in National Bank Holdings Co. (NYSE:NBHC)

Segall Bryant & Hamill LLC trimmed its position in National Bank Holdings Co. (NYSE:NBHC - Free Report) by 2.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 936,411 shares of the financial services provider's stock after selling 19,502 shares during the period. Segall Bryant & Hamill LLC owned 2.47% of National Bank worth $39,423,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of NBHC. ProShare Advisors LLC boosted its stake in National Bank by 7.4% in the first quarter. ProShare Advisors LLC now owns 7,450 shares of the financial services provider's stock worth $269,000 after buying an additional 513 shares in the last quarter. State Board of Administration of Florida Retirement System raised its stake in shares of National Bank by 53.7% in the first quarter. State Board of Administration of Florida Retirement System now owns 16,169 shares of the financial services provider's stock worth $541,000 after purchasing an additional 5,650 shares during the last quarter. CANADA LIFE ASSURANCE Co grew its position in National Bank by 3.8% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 30,130 shares of the financial services provider's stock worth $1,086,000 after purchasing an additional 1,100 shares during the period. Westwood Holdings Group Inc. increased its position in shares of National Bank by 2.1% during the 1st 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 last quarter. Finally, Keeley Teton Advisors LLC increased its position in shares of National Bank by 12.9% during the 1st quarter. Keeley Teton Advisors LLC now owns 48,103 shares of the financial services provider's stock valued at $1,735,000 after purchasing an additional 5,486 shares during the last quarter. 92.65% of the stock is owned by institutional investors.

National Bank Price Performance

NBHC stock traded down $0.30 during midday trading on Wednesday, hitting $46.94. The company's stock had a trading volume of 71,716 shares, compared to its average volume of 202,235. National Bank Holdings Co. has a 12 month low of $32.13 and a 12 month high of $51.76. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $1.78 billion, a price-to-earnings ratio of 14.63 and a beta of 0.84. The company has a 50 day moving average of $43.84 and a two-hundred day moving average of $40.94.

National Bank (NYSE:NBHC - Get Free Report) last posted its 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 period in the prior year, the company earned $0.94 EPS. On average, analysts expect 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. Shareholders of record on Friday, November 29th will be paid a $0.29 dividend. This is a positive change from National Bank's previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.16 dividend on an annualized basis and a yield of 2.47%. National Bank's dividend payout ratio (DPR) is presently 34.67%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on NBHC shares. DA Davidson upped their price target on shares of National Bank from $51.00 to $53.00 and gave the company a "buy" rating in a research report on Thursday, October 24th. Piper Sandler boosted their price objective on National Bank from $44.00 to $48.00 and gave the company a "neutral" rating in a research note on Thursday, October 24th. StockNews.com downgraded National Bank from a "hold" rating to a "sell" rating in a research note on Wednesday, July 24th. Keefe, Bruyette & Woods boosted their price objective on National Bank from $39.00 to $45.00 and gave the company a "market perform" rating in a research note on Monday, July 29th. Finally, Hovde Group downgraded National Bank from an "outperform" rating to a "market perform" rating and set a $55.00 price objective for the company. in a research note on Monday. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $50.00.

Insider Transactions at National Bank

In other National Bank news, insider Valerie D. Kramer sold 1,275 shares of the firm's stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $49.62, for a total value of $63,265.50. Following the completion of the sale, the insider now owns 10,652 shares of the company's stock, valued at approximately $528,552.24. This trade represents a 10.69 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Richard U. Jr. Newfield sold 19,259 shares of the firm's stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $49.81, for a total value of $959,290.79. Following the completion of the sale, 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 position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 51,522 shares of company stock valued at $2,380,956. 3.30% of the stock is currently owned by corporate insiders.

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.