SG Americas Securities LLC Has $136,000 Position in National Bank Holdings Co. (NYSE:NBHC)

SG Americas Securities LLC cut its holdings in shares of National Bank Holdings Co. (NYSE:NBHC) by 85.4% during the fourth quarter, Holdings Channel reports. The fund owned 3,660 shares of the financial services provider’s stock after selling 21,429 shares during the quarter. SG Americas Securities LLC’s holdings in National Bank were worth $136,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the business. BlackRock Inc. grew its holdings 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 valued at $186,137,000 after buying an additional 51,088 shares in the last quarter. Wellington Management Group LLP grew its holdings 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 valued at $109,088,000 after buying an additional 298,140 shares in the last quarter. Vanguard Group Inc. grew its holdings 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 valued at $121,632,000 after buying an additional 87,446 shares in the last quarter. T. Rowe Price Investment Management Inc. grew its holdings in National Bank by 13.0% in 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 buying an additional 350,353 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its holdings in National Bank by 2.7% in 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 buying an additional 75,293 shares in the last quarter. 92.65% of the stock is owned by institutional investors and hedge funds.

National Bank Stock Performance

NYSE:NBHC opened at $32.29 on Wednesday. The stock has a fifty day moving average price of $34.24 and a 200-day moving average price of $33.93. The company has a market cap of $1.22 billion, a price-to-earnings ratio of 8.68 and a beta of 0.84. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.95 and a current ratio of 0.95. National Bank Holdings Co. has a fifty-two week low of $26.48 and a fifty-two week high of $38.71.

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

National Bank Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, February 23rd were given a dividend of $0.27 per share. The ex-dividend date was Thursday, February 22nd. This represents a $1.08 annualized dividend and a dividend yield of 3.35%. National Bank’s dividend payout ratio is currently 29.03%.

Analysts Set New Price Targets

A number of research analysts have commented on NBHC shares. TheStreet lowered National Bank from a “b” rating to a “c+” rating in a report on Monday, March 18th. Piper Sandler upped their price objective on National Bank from $40.00 to $41.00 and gave the company an “overweight” rating in a report on Thursday, January 25th. Finally, StockNews.com downgraded National Bank from a “hold” rating to a “sell” rating in a research report on Friday, April 12th.

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.