Systematic Financial Management LP Purchases Shares of 17,961 National Bank Holdings Co. (NYSE:NBHC)

Systematic Financial Management LP purchased a new stake in National Bank Holdings Co. (NYSE:NBHC - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 17,961 shares of the financial services provider's stock, valued at approximately $756,000.

A number of other institutional investors and hedge funds also recently modified their holdings of NBHC. Victory Capital Management Inc. increased its position in shares of National Bank by 56.0% in the third quarter. Victory Capital Management Inc. now owns 2,846,741 shares of the financial services provider's stock worth $119,848,000 after acquiring an additional 1,021,829 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake 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. Principal Financial Group Inc. grew its position 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 worth $33,095,000 after purchasing an additional 208,303 shares in the last quarter. American Century Companies Inc. raised its stake in National Bank by 154.8% during the 2nd quarter. American Century Companies Inc. now owns 377,929 shares of the financial services provider's stock valued at $14,758,000 after purchasing an additional 229,630 shares during the period. Finally, Leeward Investments LLC MA lifted its holdings in shares of National Bank by 64.2% in the third quarter. Leeward Investments LLC MA now owns 374,638 shares of the financial services provider's stock valued at $15,772,000 after purchasing an additional 146,494 shares in the last quarter. Institutional investors and hedge funds own 92.65% of the company's stock.

National Bank Stock Down 0.8 %

Shares of NYSE NBHC traded down $0.40 during trading hours on Friday, hitting $47.33. The stock had a trading volume of 174,595 shares, compared to its average volume of 217,492. The company has a market capitalization of $1.80 billion, a P/E ratio of 14.65 and a beta of 0.84. The firm's 50-day moving average price is $45.50 and its two-hundred day moving average price is $42.01. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.92 and a current ratio of 0.92. National Bank Holdings Co. has a 52 week low of $32.13 and a 52 week high of $51.76.

National Bank (NYSE:NBHC - Get Free Report) last released its quarterly earnings data on Tuesday, October 22nd. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.10. The business had revenue of $156.39 million during the quarter, compared to analyst estimates of $102.32 million. National Bank had a net margin of 20.52% and a return on equity of 9.93%. During the same quarter in the previous year, the business earned $0.94 EPS. 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 will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be issued a $0.29 dividend. This is a positive change from National Bank's previous quarterly dividend of $0.28. This represents a $1.16 annualized dividend and a yield of 2.45%. The ex-dividend date of this dividend is Friday, November 29th. National Bank's payout ratio is 35.91%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on NBHC. Hovde Group downgraded National Bank from an "outperform" rating to a "market perform" rating and set a $55.00 price target on the stock. in a report on Monday, November 18th. Stephens lifted their target price 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. Piper Sandler increased their price target on shares of National Bank from $44.00 to $48.00 and gave the stock 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. Finally, 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. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, National Bank currently has a consensus rating of "Hold" and an average price target of $51.40.

Insiders Place Their Bets

In other news, insider Richard U. Jr. Newfield sold 19,259 shares of National Bank 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 transaction, the insider now directly owns 143,210 shares in the company, valued at approximately $7,133,290.10. The trade was a 11.85 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Valerie D. Kramer sold 1,275 shares of the business'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 transaction, the insider now directly owns 10,652 shares of the company's stock, valued at $528,552.24. This represents a 10.69 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 21,431 shares of company stock valued at $1,067,505 over the last 90 days. 3.10% of the stock is currently owned by company 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.