Public Sector Pension Investment Board Grows Stake in National Bank Holdings Corporation $NBHC

Public Sector Pension Investment Board increased its stake in National Bank Holdings Corporation (NYSE:NBHC) by 14.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 148,367 shares of the financial services provider’s stock after buying an additional 18,517 shares during the period. Public Sector Pension Investment Board owned 0.39% of National Bank worth $5,733,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Illinois Municipal Retirement Fund lifted its position in National Bank by 2.2% during the third quarter. Illinois Municipal Retirement Fund now owns 20,487 shares of the financial services provider’s stock valued at $792,000 after buying an additional 449 shares during the period. MQS Management LLC bought a new stake in National Bank during the third quarter worth about $336,000. Johnson Investment Counsel Inc. grew its holdings in National Bank by 5.7% in the third quarter. Johnson Investment Counsel Inc. now owns 6,592 shares of the financial services provider’s stock worth $255,000 after purchasing an additional 353 shares during the period. Savant Capital LLC purchased a new stake in National Bank in the third quarter worth about $211,000. Finally, Thrivent Financial for Lutherans increased its stake in shares of National Bank by 56.9% during the third quarter. Thrivent Financial for Lutherans now owns 43,956 shares of the financial services provider’s stock valued at $1,699,000 after purchasing an additional 15,945 shares in the last quarter. 92.65% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Zacks Research raised National Bank from a “strong sell” rating to a “hold” rating in a research report on Monday, December 22nd. DA Davidson restated a “buy” rating and set a $46.00 price target on shares of National Bank in a report on Wednesday, January 28th. Stephens upgraded shares of National Bank from an “equal weight” rating to an “overweight” rating and set a $42.00 price target on the stock in a research note on Monday, November 10th. Wall Street Zen lowered shares of National Bank from a “hold” rating to a “sell” rating in a research note on Saturday, January 31st. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of National Bank in a report on Thursday, January 22nd. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $44.75.

National Bank Stock Performance

Shares of NYSE NBHC opened at $41.53 on Thursday. The stock has a market cap of $1.57 billion, a PE ratio of 14.57 and a beta of 0.81. National Bank Holdings Corporation has a 1 year low of $32.83 and a 1 year high of $43.08. The firm has a fifty day moving average price of $40.21 and a 200-day moving average price of $38.64. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.94 and a quick ratio of 0.93.

National Bank (NYSE:NBHC) last issued its earnings results on Tuesday, January 27th. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.87 by ($0.27). National Bank had a net margin of 18.66% and a return on equity of 8.65%. The business had revenue of $100.64 million for the quarter, compared to the consensus estimate of $107.48 million. During the same period last year, the business posted $0.86 EPS. Equities analysts anticipate that National Bank Holdings Corporation will post 3.31 earnings per share for the current fiscal year.

National Bank Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 27th will be issued a $0.32 dividend. This is a boost from National Bank’s previous quarterly dividend of $0.31. The ex-dividend date is Friday, February 27th. This represents a $1.28 annualized dividend and a dividend yield of 3.1%. National Bank’s dividend payout ratio (DPR) is 43.51%.

Insider Activity at National Bank

In other news, insider John Steinmetz acquired 24,200 shares of the firm’s stock in a transaction on Wednesday, February 11th. The stock was acquired at an average price of $41.41 per share, with a total value of $1,002,122.00. Following the completion of the purchase, the insider directly owned 536,504 shares in the company, valued at approximately $22,216,630.64. This trade represents a 4.72% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 2.90% of the company’s stock.

About National Bank

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.