The Manufacturers Life Insurance Company Sells 353 Shares of National Bank Holdings Co. (NYSE:NBHC)

The Manufacturers Life Insurance Company reduced its stake in National Bank Holdings Co. (NYSE:NBHC) by 1.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 18,220 shares of the financial services provider’s stock after selling 353 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in National Bank were worth $767,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. raised its holdings in National Bank by 0.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 355,487 shares of the financial services provider’s stock worth $14,966,000 after purchasing an additional 2,209 shares during the period. Intech Investment Management LLC raised its holdings in National Bank by 115.6% in the 3rd quarter. Intech Investment Management LLC now owns 17,602 shares of the financial services provider’s stock worth $741,000 after purchasing an additional 9,438 shares during the period. Natixis Advisors LLC raised its holdings in National Bank by 17.6% in the 3rd quarter. Natixis Advisors LLC now owns 35,068 shares of the financial services provider’s stock worth $1,476,000 after purchasing an additional 5,252 shares during the period. Squire Investment Management Company LLC bought a new position in National Bank in the 3rd quarter worth $4,496,000. Finally, Empowered Funds LLC raised its holdings in National Bank by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 122,894 shares of the financial services provider’s stock worth $5,174,000 after purchasing an additional 6,164 shares during the period. 92.65% of the stock is owned by institutional investors.

National Bank Trading Up 0.2 %

Shares of National Bank stock opened at $46.35 on Friday. The firm has a market cap of $1.76 billion, a price-to-earnings ratio of 14.35 and a beta of 0.84. The business has a 50-day moving average price of $45.97 and a 200-day moving average price of $42.25. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.04. National Bank Holdings Co. has a twelve month low of $32.13 and a twelve month high of $51.76.

National Bank (NYSE:NBHC) last issued its quarterly earnings data on Tuesday, October 22nd. The financial services provider reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.76 by $0.10. The firm had revenue of $156.39 million during the quarter, compared to analyst estimates of $102.32 million. National Bank had a return on equity of 9.93% and a net margin of 20.52%. During the same quarter last year, the business posted $0.94 earnings per share. Equities research analysts anticipate that National Bank Holdings Co. will post 3.18 EPS for the current fiscal year.

National Bank Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were given a dividend of $0.29 per share. This is a positive change from National Bank’s previous quarterly dividend of $0.28. The ex-dividend date was Friday, November 29th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.50%. National Bank’s dividend payout ratio (DPR) is presently 35.91%.

Analyst Ratings Changes

A number of equities analysts recently commented on NBHC shares. Piper Sandler raised their target price on National Bank from $44.00 to $48.00 and gave the stock a “neutral” rating in a report on Thursday, October 24th. Keefe, Bruyette & Woods raised their price target on National Bank from $47.00 to $52.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. DA Davidson raised their price target on National Bank from $51.00 to $53.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Stephens raised their price target 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, Hovde Group cut National Bank from an “outperform” rating to a “market perform” rating and set a $55.00 price target on the stock. in a report on Monday, November 18th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, National Bank currently has a consensus rating of “Hold” and a consensus price target of $51.40.

Insider Activity

In related news, insider Valerie D. Kramer sold 897 shares of National Bank stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $50.11, for a total value of $44,948.67. Following the completion of the transaction, the insider now owns 9,755 shares in the company, valued at approximately $488,823.05. This trade represents a 8.42 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Richard U. Jr. Newfield sold 19,259 shares of National Bank stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $49.81, for a total value of $959,290.79. Following the completion of the transaction, the insider now owns 143,210 shares of the company’s stock, valued at approximately $7,133,290.10. This represents a 11.85 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 21,431 shares of company stock worth $1,067,505 over the last 90 days. Corporate insiders own 3.10% of the company’s stock.

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.