Wellington Management Group LLP Has $145.64 Million Holdings in National Bank Holdings Co. (NYSE:NBHC)

Wellington Management Group LLP lessened its stake in shares of National Bank Holdings Co. (NYSE:NBHC - Free Report) by 8.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,459,257 shares of the financial services provider's stock after selling 326,773 shares during the period. Wellington Management Group LLP owned about 9.12% of National Bank worth $145,635,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of NBHC. Victory Capital Management Inc. boosted its position in National Bank by 12,407.1% during the 2nd quarter. Victory Capital Management Inc. now owns 1,824,912 shares of the financial services provider's stock worth $71,263,000 after acquiring an additional 1,810,321 shares during the period. Principal Financial Group Inc. increased its stake in National Bank by 194.7% in the 2nd quarter. Principal Financial Group Inc. now owns 577,793 shares of the financial services provider's stock valued at $22,563,000 after buying an additional 381,754 shares during the period. American Century Companies Inc. lifted its position in 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 in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of 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 buying an additional 167,711 shares during the period. Finally, Leeward Investments LLC MA grew its holdings in shares of National Bank by 64.2% during 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 in the last quarter. 92.65% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Hovde Group lowered National Bank from an "outperform" rating to a "market perform" rating and set a $55.00 price objective for the company. in a report on Monday, November 18th. Stephens raised their price target 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 price target on National Bank from $51.00 to $53.00 and gave the company a "buy" rating in a research note on Thursday, October 24th. Keefe, Bruyette & Woods raised their price objective on shares of National Bank from $47.00 to $52.00 and gave the company a "market perform" rating in a research report on Wednesday, December 4th. Finally, Piper Sandler boosted their target price 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. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $51.40.

National Bank Stock Performance

NBHC stock traded up $0.11 during midday trading on Tuesday, hitting $46.78. 185,908 shares of the company traded hands, compared to its average volume of 204,584. National Bank Holdings Co. has a twelve month low of $32.13 and a twelve month high of $51.76. The stock has a market capitalization of $1.78 billion, a price-to-earnings ratio of 14.43 and a beta of 0.84. 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 business has a 50 day simple moving average of $45.59 and a 200-day simple moving average of $42.12.

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. National Bank had a return on equity of 9.93% and a net margin of 20.52%. The company had revenue of $156.39 million for the quarter, compared to the consensus estimate of $102.32 million. During the same period last year, the business posted $0.94 earnings per share. As a group, equities research analysts predict that National Bank Holdings Co. will post 3.18 earnings per share for the current year.

National Bank Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be given a dividend of $0.29 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.48%. This is a positive change from National Bank's previous quarterly dividend of $0.28. National Bank's dividend payout ratio is currently 35.91%.

Insider Activity at National Bank

In other news, insider Valerie D. Kramer sold 897 shares of National Bank 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 sale, 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Richard U. Jr. Newfield sold 19,259 shares of the company's stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $49.81, for a total transaction of $959,290.79. Following the completion of the sale, 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 position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 21,431 shares of company stock worth $1,067,505. Company insiders own 3.30% of the company's stock.

National Bank 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.