Squire Investment Management Company LLC Invests $4.50 Million in National Bank Holdings Co. (NYSE:NBHC)

Squire Investment Management Company LLC bought a new stake in National Bank Holdings Co. (NYSE:NBHC - Free Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 106,796 shares of the financial services provider's stock, valued at approximately $4,496,000. National Bank makes up approximately 2.1% of Squire Investment Management Company LLC's holdings, making the stock its 12th largest holding. Squire Investment Management Company LLC owned approximately 0.28% of National Bank at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Victory Capital Management Inc. boosted its stake in National Bank by 56.0% during the 3rd quarter. Victory Capital Management Inc. now owns 2,846,741 shares of the financial services provider's stock valued at $119,848,000 after purchasing an additional 1,021,829 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in National Bank by 9.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,950,210 shares of the financial services provider's stock valued at $76,152,000 after purchasing an additional 167,711 shares during the last quarter. Westwood Holdings Group Inc. boosted its stake in 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. Principal Financial Group Inc. boosted its stake in National Bank by 36.1% during the 3rd quarter. Principal Financial Group Inc. now owns 786,096 shares of the financial services provider's stock valued at $33,095,000 after purchasing an additional 208,303 shares during the last quarter. Finally, American Century Companies Inc. boosted its stake in shares of National Bank by 154.8% in the 2nd quarter. American Century Companies Inc. now owns 377,929 shares of the financial services provider's stock worth $14,758,000 after buying an additional 229,630 shares during the last quarter. Institutional investors and hedge funds own 92.65% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on NBHC. Keefe, Bruyette & Woods boosted their target price on National Bank from $39.00 to $45.00 and gave the stock a "market perform" rating in a research note on Monday, July 29th. Piper Sandler boosted their target price on National Bank from $44.00 to $48.00 and gave the stock a "neutral" rating in a research note on Thursday, October 24th. Stephens boosted their target price 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. DA Davidson boosted their target price on National Bank from $51.00 to $53.00 and gave the stock a "buy" rating in a research note on Thursday, October 24th. Finally, StockNews.com downgraded National Bank from a "hold" rating to a "sell" rating in a research note on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $49.20.

Insider Buying and Selling at National Bank

In other National Bank news, Director Art Zeile sold 3,875 shares of the business's stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $41.27, for a total transaction of $159,921.25. Following the sale, the director now owns 16,202 shares of the company's stock, valued at $668,656.54. The trade was a 19.30 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Richard U. Jr. Newfield sold 19,259 shares of the business's 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 sale, the insider now directly owns 143,210 shares in the company, valued at $7,133,290.10. The trade was a 11.85 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 55,397 shares of company stock valued at $2,540,877 in the last 90 days. 3.10% of the stock is currently owned by company insiders.

National Bank Stock Performance

National Bank stock traded up $0.01 during trading on Friday, hitting $48.58. The stock had a trading volume of 229,024 shares, compared to its average volume of 203,065. National Bank Holdings Co. has a 1 year low of $32.13 and a 1 year 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 stock's 50 day moving average is $43.59 and its two-hundred day moving average is $40.65. The stock has a market cap of $1.84 billion, a price-to-earnings ratio of 15.04 and a beta of 0.84.

National Bank (NYSE:NBHC - Get Free Report) last posted its quarterly earnings data on Tuesday, October 22nd. The financial services provider reported $0.86 EPS 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 for the quarter, compared to the consensus estimate of $102.32 million. During the same quarter in the prior year, the business earned $0.94 earnings per share. As a group, analysts predict 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 issued a dividend of $0.29 per share. This is a boost from National Bank's previous quarterly dividend of $0.28. The ex-dividend date is Friday, November 29th. This represents a $1.16 dividend on an annualized basis and a yield of 2.39%. National Bank's payout ratio is presently 34.67%.

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.