National Bank Holdings Corp (NBHC) Shares Sold by Advisors Asset Management Inc.

Advisors Asset Management Inc. trimmed its position in shares of National Bank Holdings Corp (NYSE:NBHC) by 26.3% during the second quarter, HoldingsChannel reports. The firm owned 5,611 shares of the financial services provider’s stock after selling 1,998 shares during the quarter. Advisors Asset Management Inc.’s holdings in National Bank were worth $217,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of NBHC. BlackRock Inc. boosted its position in National Bank by 14.2% during the second quarter. BlackRock Inc. now owns 3,977,199 shares of the financial services provider’s stock worth $153,480,000 after purchasing an additional 494,832 shares in the last quarter. Elizabeth Park Capital Advisors Ltd. lifted its position in shares of National Bank by 160.4% in the second quarter. Elizabeth Park Capital Advisors Ltd. now owns 481,081 shares of the financial services provider’s stock valued at $18,565,000 after acquiring an additional 296,369 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of National Bank by 14.8% in the second quarter. Bank of New York Mellon Corp now owns 957,260 shares of the financial services provider’s stock valued at $36,940,000 after acquiring an additional 123,316 shares in the last quarter. Deprince Race & Zollo Inc. lifted its position in shares of National Bank by 37.7% in the second quarter. Deprince Race & Zollo Inc. now owns 408,172 shares of the financial services provider’s stock valued at $15,751,000 after acquiring an additional 111,824 shares in the last quarter. Finally, Federated Investors Inc. PA lifted its position in shares of National Bank by 64.1% in the second quarter. Federated Investors Inc. PA now owns 257,484 shares of the financial services provider’s stock valued at $9,936,000 after acquiring an additional 100,606 shares in the last quarter. Institutional investors own 93.69% of the company’s stock.

In related news, Director Maria F. Spring sold 9,216 shares of the stock in a transaction dated Thursday, August 16th. The stock was sold at an average price of $40.49, for a total transaction of $373,155.84. Following the transaction, the director now directly owns 29,649 shares in the company, valued at $1,200,488.01. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Whitney A. Bartelli sold 2,433 shares of the stock in a transaction dated Friday, August 24th. The stock was sold at an average price of $40.66, for a total value of $98,925.78. Following the transaction, the insider now owns 3,562 shares in the company, valued at $144,830.92. The disclosure for this sale can be found here. Insiders have sold 21,225 shares of company stock worth $855,558 over the last quarter. 7.60% of the stock is currently owned by company insiders.

Several analysts have recently issued reports on NBHC shares. Piper Jaffray Companies upped their price objective on National Bank from $36.00 to $40.00 and gave the company a “neutral” rating in a research report on Friday, July 27th. Zacks Investment Research upgraded National Bank from a “hold” rating to a “buy” rating and set a $45.00 price objective on the stock in a research report on Saturday, July 28th. Hovde Group set a $40.00 price objective on National Bank and gave the company a “hold” rating in a research report on Monday, July 30th. Finally, Stephens set a $41.00 price objective on National Bank and gave the company a “hold” rating in a research report on Tuesday, October 23rd. Six analysts have rated the stock with a hold rating and one has given a buy rating to the stock. National Bank currently has a consensus rating of “Hold” and a consensus target price of $40.17.

Shares of NYSE:NBHC opened at $35.21 on Friday. The company has a current ratio of 0.87, a quick ratio of 0.85 and a debt-to-equity ratio of 0.21. National Bank Holdings Corp has a 52-week low of $30.33 and a 52-week high of $41.44. The firm has a market capitalization of $1.07 billion, a PE ratio of 27.94, a P/E/G ratio of 1.62 and a beta of 0.88.

National Bank (NYSE:NBHC) last issued its quarterly earnings data on Tuesday, October 23rd. The financial services provider reported $0.58 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.03. National Bank had a return on equity of 9.62% and a net margin of 12.64%. The business had revenue of $68.96 million for the quarter, compared to the consensus estimate of $70.79 million. During the same period in the prior year, the business earned $0.26 earnings per share. The business’s revenue was up 40.8% on a year-over-year basis. On average, equities analysts anticipate that National Bank Holdings Corp will post 2.15 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 14th. Investors of record on Friday, November 30th will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Thursday, November 29th. This is an increase from National Bank’s previous quarterly dividend of $0.14. This represents a $0.68 annualized dividend and a yield of 1.93%. National Bank’s dividend payout ratio is 44.44%.

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About National Bank

National Bank Holdings Corporation operates as the bank holding company for NBH Bank, N.A. that provides various banking products and financial services to commercial, business, and consumer clients in the United States. The company offers deposit products, including checking accounts, savings accounts, money market accounts, and other deposit accounts, including fixed-rate and fixed maturity time deposits.

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Institutional Ownership by Quarter for National Bank (NYSE:NBHC)

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