Russell Investments Group Ltd. Sells 20,980 Shares of National Bank Holdings Co. (NYSE:NBHC)

Russell Investments Group Ltd. decreased its holdings in shares of National Bank Holdings Co. (NYSE:NBHC) by 7.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 255,243 shares of the financial services provider’s stock after selling 20,980 shares during the quarter. Russell Investments Group Ltd.’s holdings in National Bank were worth $9,492,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the stock. Leeward Investments LLC MA lifted its holdings in shares of National Bank by 32.8% in the fourth quarter. Leeward Investments LLC MA now owns 225,334 shares of the financial services provider’s stock worth $8,380,000 after buying an additional 55,601 shares in the last quarter. Jackson Hole Capital Partners LLC bought a new position in National Bank in the 4th quarter valued at $17,537,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of National Bank by 15.6% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,924 shares of the financial services provider’s stock valued at $295,000 after purchasing an additional 1,067 shares in the last quarter. Everence Capital Management Inc. bought a new position in shares of National Bank in the fourth quarter worth $244,000. Finally, Louisiana State Employees Retirement System purchased a new stake in shares of National Bank in the fourth quarter worth $703,000. Hedge funds and other institutional investors own 92.65% of the company’s stock.

Wall Street Analyst Weigh In

NBHC has been the subject of several recent analyst reports. Hovde Group reduced their target price on National Bank from $45.00 to $40.50 and set an “outperform” rating for the company in a research report on Monday, April 29th. StockNews.com lowered National Bank from a “hold” rating to a “sell” rating in a report on Sunday, April 28th. Piper Sandler raised their target price 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. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $39.00 price target (down previously from $40.00) on shares of National Bank in a research note on Friday, April 26th. Finally, TheStreet lowered shares of National Bank from a “b” rating to a “c+” rating in a report on Monday, March 18th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $38.63.

National Bank Price Performance

Shares of National Bank stock opened at $34.85 on Tuesday. The firm has a market capitalization of $1.32 billion, a PE ratio of 10.01 and a beta of 0.84. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.04. National Bank Holdings Co. has a 12 month low of $27.52 and a 12 month high of $38.71. The business’s 50-day moving average price is $34.19 and its 200-day moving average price is $34.29.

National Bank (NYSE:NBHC) last issued its quarterly earnings results on Wednesday, April 24th. The financial services provider reported $0.82 EPS for the quarter, beating analysts’ consensus estimates of $0.79 by $0.03. The business had revenue of $149.43 million for the quarter, compared to analysts’ expectations of $101.98 million. National Bank had a net margin of 22.94% and a return on equity of 11.20%. During the same period last year, the business earned $1.06 earnings per share. Sell-side analysts forecast that National Bank Holdings Co. will post 3.13 EPS for the current fiscal year.

National Bank Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 3.21%. The ex-dividend date of this dividend is Friday, May 31st. This is a boost from National Bank’s previous quarterly dividend of $0.27. National Bank’s dividend payout ratio (DPR) is presently 31.03%.

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.