National Bank Holdings Co. (NYSE:NBHC) Shares Acquired by Victory Capital Management Inc.

Victory Capital Management Inc. raised its position in National Bank Holdings Co. (NYSE:NBHC - Free Report) by 56.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,846,741 shares of the financial services provider's stock after acquiring an additional 1,021,829 shares during the quarter. Victory Capital Management Inc. owned approximately 7.51% of National Bank worth $119,848,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Innealta Capital LLC purchased a new stake in shares of National Bank during the 2nd quarter worth $41,000. Meeder Asset Management Inc. purchased a new stake in National Bank during the 2nd quarter worth about $52,000. Assetmark Inc. acquired a new position in shares of National Bank during the 3rd quarter worth about $71,000. Atria Investments Inc purchased a new position in shares of National Bank in the 3rd quarter valued at about $202,000. Finally, Choreo LLC acquired a new stake in shares of National Bank during the 2nd quarter worth about $209,000. Institutional investors and hedge funds own 92.65% of the company's stock.

National Bank Stock Performance

National Bank stock traded down $0.62 during midday trading on Wednesday, hitting $48.56. 216,310 shares of the company's stock were exchanged, compared to its average volume of 203,010. The firm's 50 day simple moving average is $43.21 and its 200 day simple moving average is $40.43. National Bank Holdings Co. has a 12-month low of $32.13 and a 12-month high of $51.76. 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 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 issued its quarterly earnings results 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 firm had revenue of $156.39 million for the quarter, compared to analysts' expectations of $102.32 million. National Bank had a return on equity of 9.93% and a net margin of 20.52%. During the same quarter in the previous year, the firm posted $0.94 EPS. Equities research analysts predict that National Bank Holdings Co. will post 3.18 EPS for the current year.

National Bank Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 2.39%. The ex-dividend date is Friday, November 29th. This is a boost from National Bank's previous quarterly dividend of $0.28. National Bank's dividend payout ratio is 34.67%.

Insider Buying and Selling

In other National Bank news, Director Art Zeile sold 3,875 shares of the company'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 completion of the transaction, the director now owns 16,202 shares in the company, valued at approximately $668,656.54. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Valerie D. Kramer sold 897 shares of National Bank stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $50.11, for a total value of $44,948.67. Following the sale, the insider now directly owns 9,755 shares in the company, valued at $488,823.05. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Art Zeile sold 3,875 shares of the stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $41.27, for a total value of $159,921.25. Following the completion of the transaction, the director now owns 16,202 shares of the company's stock, valued at $668,656.54. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 36,138 shares of company stock valued at $1,581,587 over the last three months. 3.10% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on NBHC. Stephens upped their price target on National Bank from $46.00 to $49.00 and gave the company 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. Hovde Group boosted their price target on shares of National Bank from $50.00 to $51.00 and gave the company an "outperform" rating in a research report on Monday, October 28th. 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, StockNews.com cut National Bank from a "hold" rating to a "sell" rating in a research report on Wednesday, July 24th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $49.20.

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.