SG Americas Securities LLC Has $2.08 Million Stock Holdings in National Bank Holdings Corporation $NBHC

SG Americas Securities LLC grew its stake in shares of National Bank Holdings Corporation (NYSE:NBHC) by 87.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 54,765 shares of the financial services provider’s stock after purchasing an additional 25,554 shares during the period. SG Americas Securities LLC owned about 0.14% of National Bank worth $2,082,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of NBHC. Aster Capital Management DIFC Ltd lifted its stake in National Bank by 650.9% during the third quarter. Aster Capital Management DIFC Ltd now owns 796 shares of the financial services provider’s stock valued at $31,000 after buying an additional 690 shares in the last quarter. Quarry LP raised its holdings in shares of National Bank by 50.8% during the third quarter. Quarry LP now owns 1,819 shares of the financial services provider’s stock valued at $70,000 after acquiring an additional 613 shares during the period. Tower Research Capital LLC TRC lifted its position in shares of National Bank by 131.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,395 shares of the financial services provider’s stock valued at $128,000 after acquiring an additional 1,927 shares in the last quarter. Savant Capital LLC purchased a new stake in shares of National Bank in the 3rd quarter valued at approximately $211,000. Finally, Creative Planning acquired a new position in National Bank in the 3rd quarter worth approximately $222,000. Hedge funds and other institutional investors own 92.65% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on NBHC. Piper Sandler started coverage on shares of National Bank in a research report on Wednesday, March 25th. They set an “overweight” rating and a $48.00 price objective on the stock. Weiss Ratings raised National Bank from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, March 30th. Zacks Research upgraded National Bank from a “strong sell” rating to a “hold” rating in a report on Monday, December 22nd. Wall Street Zen lowered National Bank from a “hold” rating to a “sell” rating in a research report on Saturday, January 31st. Finally, DA Davidson restated a “buy” rating and set a $48.00 price objective on shares of National Bank in a research report on Thursday, February 19th. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, National Bank has an average rating of “Moderate Buy” and a consensus price target of $45.80.

National Bank Trading Up 0.1%

Shares of NYSE:NBHC opened at $39.61 on Friday. The firm has a fifty day moving average of $40.10 and a two-hundred day moving average of $38.94. The company has a quick ratio of 0.93, a current ratio of 0.94 and a debt-to-equity ratio of 0.04. National Bank Holdings Corporation has a 12-month low of $32.83 and a 12-month high of $42.99. The firm has a market capitalization of $1.78 billion, a P/E ratio of 13.90 and a beta of 0.78.

National Bank (NYSE:NBHC) last released its quarterly earnings data on Tuesday, January 27th. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.27). National Bank had a net margin of 18.66% and a return on equity of 8.65%. The firm had revenue of $99.08 million for the quarter, compared to analyst estimates of $107.48 million. During the same period in the previous year, the business posted $0.86 EPS. On average, equities analysts expect that National Bank Holdings Corporation will post 3.31 EPS for the current fiscal year.

National Bank Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Investors of record on Friday, February 27th were issued a $0.32 dividend. This is an increase from National Bank’s previous quarterly dividend of $0.31. This represents a $1.28 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date was Friday, February 27th. National Bank’s dividend payout ratio is currently 44.91%.

Insiders Place Their Bets

In other National Bank news, insider John Steinmetz acquired 24,200 shares of the business’s stock in a transaction that occurred on Wednesday, February 11th. The shares were purchased at an average price of $41.41 per share, with a total value of $1,002,122.00. Following the completion of the transaction, the insider owned 536,504 shares in the company, valued at $22,216,630.64. The trade was a 4.72% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 2.90% of the company’s stock.

National Bank Profile

National Bank Holdings Corporation (NYSE: NBHC) is a diversified financial services holding company headquartered in Cape Girardeau, Missouri. Through its network of community bank subsidiaries, the company provides deposit, lending and payment solutions to consumer, small business and commercial clients across multiple U.S. markets.

Since its founding in 1992, National Bank Holdings has pursued a growth strategy focused on acquiring and integrating locally branded community banks. Its footprint spans the Midwest and Southern United States, including Missouri, Kansas, Oklahoma, Texas, Colorado, Illinois and Tennessee.