National Bank Holdings Co. (NYSE:NBHC) Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. cut its stake in National Bank Holdings Co. (NYSE:NBHCFree Report) by 20.4% in the fourth quarter, Holdings Channel reports. The firm owned 160,668 shares of the financial services provider’s stock after selling 41,225 shares during the period. Assenagon Asset Management S.A.’s holdings in National Bank were worth $5,975,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the stock. BlackRock Inc. boosted its stake in National Bank by 0.9% in the 1st quarter. BlackRock Inc. now owns 5,562,956 shares of the financial services provider’s stock worth $186,137,000 after purchasing an additional 51,088 shares in the last quarter. Wellington Management Group LLP boosted its stake in National Bank by 8.9% in the 3rd quarter. Wellington Management Group LLP now owns 3,665,586 shares of the financial services provider’s stock worth $109,088,000 after purchasing an additional 298,140 shares in the last quarter. Vanguard Group Inc. boosted its stake in National Bank by 2.7% in the 3rd quarter. Vanguard Group Inc. now owns 3,288,218 shares of the financial services provider’s stock worth $121,632,000 after purchasing an additional 87,446 shares in the last quarter. T. Rowe Price Investment Management Inc. lifted its stake in National Bank by 13.0% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 3,054,198 shares of the financial services provider’s stock valued at $128,491,000 after acquiring an additional 350,353 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its stake in National Bank by 2.7% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 2,886,257 shares of the financial services provider’s stock valued at $110,457,000 after acquiring an additional 75,293 shares during the period. 92.65% of the stock is currently owned by institutional investors and hedge funds.

National Bank Stock Performance

NBHC opened at $36.07 on Friday. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.95 and a quick ratio of 0.95. The firm has a fifty day moving average price of $34.52 and a 200 day moving average price of $33.56. National Bank Holdings Co. has a 1 year low of $26.48 and a 1 year high of $38.71. The stock has a market cap of $1.36 billion, a P/E ratio of 9.70 and a beta of 0.83.

National Bank (NYSE:NBHCGet Free Report) last posted its earnings results on Wednesday, January 24th. The financial services provider reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.03. National Bank had a net margin of 25.40% and a return on equity of 12.20%. The firm had revenue of $107.23 million during the quarter, compared to analysts’ expectations of $103.96 million. During the same period in the previous year, the business posted $0.91 EPS. The business’s revenue was down 3.1% compared to the same quarter last year. Equities research analysts anticipate that National Bank Holdings Co. will post 3.33 earnings per share for the current year.

National Bank Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, February 23rd were paid a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 2.99%. The ex-dividend date of this dividend was Thursday, February 22nd. National Bank’s dividend payout ratio is currently 29.03%.

Analyst Ratings Changes

Several analysts have commented on NBHC shares. StockNews.com cut shares of National Bank from a “hold” rating to a “sell” rating in a research note on Wednesday. Piper Sandler lifted their price objective on shares of National Bank from $40.00 to $41.00 and gave the company an “overweight” rating in a research note on Thursday, January 25th. Finally, TheStreet cut shares of National Bank from a “b” rating to a “c+” rating in a research note on Monday, March 18th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $38.33.

Check Out Our Latest Analysis on NBHC

National Bank Profile

(Free Report)

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.

Further Reading

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

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