National Bank Holdings Co. (NYSE:NBHC) Shares Sold by Choreo LLC

Choreo LLC decreased its holdings in National Bank Holdings Co. (NYSE:NBHC) by 5.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,008 shares of the financial services provider’s stock after selling 300 shares during the quarter. Choreo LLC’s holdings in National Bank were worth $215,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. Rosenthal Henry Capital Advisors Inc. acquired a new stake in National Bank during the 4th quarter worth about $981,000. KBC Group NV lifted its position in National Bank by 82.5% during the 4th quarter. KBC Group NV now owns 2,389 shares of the financial services provider’s stock worth $103,000 after acquiring an additional 1,080 shares during the period. Assenagon Asset Management S.A. acquired a new stake in National Bank during the 4th quarter worth about $1,790,000. Principal Financial Group Inc. lifted its position in National Bank by 36.1% during the 3rd quarter. Principal Financial Group Inc. now owns 786,096 shares of the financial services provider’s stock worth $33,095,000 after acquiring an additional 208,303 shares during the period. Finally, Geode Capital Management LLC lifted its position in National Bank by 1.1% during the 3rd quarter. Geode Capital Management LLC now owns 861,483 shares of the financial services provider’s stock worth $36,276,000 after acquiring an additional 9,723 shares during the period. Institutional investors and hedge funds own 92.65% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on NBHC shares. DA Davidson boosted their price objective on National Bank from $51.00 to $53.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Hovde Group cut National Bank from an “outperform” rating to a “market perform” rating and set a $55.00 price objective for the company. in a report on Monday, November 18th. Keefe, Bruyette & Woods boosted their price objective on National Bank from $47.00 to $52.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. Stephens boosted their price objective on National Bank from $46.00 to $49.00 and gave the company an “equal weight” rating in a report on Thursday, October 24th. Finally, Piper Sandler boosted their price objective on National Bank from $44.00 to $48.00 and gave the company a “neutral” rating in a report on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $51.40.

National Bank Stock Up 0.2 %

NYSE:NBHC opened at $43.08 on Friday. The company has a quick ratio of 0.94, a current ratio of 0.95 and a debt-to-equity ratio of 0.08. The stock’s fifty day moving average is $43.56 and its two-hundred day moving average is $43.61. National Bank Holdings Co. has a 52 week low of $32.13 and a 52 week high of $51.76. The stock has a market capitalization of $1.64 billion, a price-to-earnings ratio of 13.94 and a beta of 0.85.

National Bank (NYSE:NBHC) last posted its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.07. National Bank had a return on equity of 9.76% and a net margin of 19.82%. Research analysts anticipate that National Bank Holdings Co. will post 3.31 EPS for the current year.

National Bank Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be issued a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 2.69%. The ex-dividend date is Friday, February 28th. National Bank’s dividend payout ratio (DPR) is presently 37.54%.

National Bank Company 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.