National Bank Holdings Co. (NYSE:NBHC) Holdings Trimmed by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System lowered its holdings in National Bank Holdings Co. (NYSE:NBHC) by 3.9% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,188 shares of the financial services provider’s stock after selling 536 shares during the period. Maryland State Retirement & Pension System’s holdings in National Bank were worth $515,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Innealta Capital LLC acquired a new position in National Bank during the second quarter valued at $41,000. Quest Partners LLC acquired a new position in shares of National Bank in the 4th quarter valued at about $194,000. ProShare Advisors LLC lifted its position in shares of National Bank by 7.4% in the first quarter. ProShare Advisors LLC now owns 7,450 shares of the financial services provider’s stock worth $269,000 after purchasing an additional 513 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of National Bank by 15.6% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,924 shares of the financial services provider’s stock worth $295,000 after purchasing an additional 1,067 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in National Bank by 24.7% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,879 shares of the financial services provider’s stock valued at $386,000 after purchasing an additional 1,955 shares in the last quarter. Institutional investors and hedge funds own 92.65% of the company’s stock.

Insider Buying and Selling at National Bank

In other news, insider Valerie D. Kramer sold 725 shares of National Bank stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $40.17, for a total value of $29,123.25. Following the transaction, the insider now directly owns 10,398 shares in the company, valued at $417,687.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Valerie D. Kramer sold 725 shares of the firm’s stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $40.17, for a total value of $29,123.25. Following the sale, the insider now owns 10,398 shares in the company, valued at $417,687.66. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO G. Timothy Laney sold 16,063 shares of the company’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $43.34, for a total transaction of $696,170.42. Following the transaction, the chief executive officer now owns 256,026 shares of the company’s stock, valued at $11,096,166.84. The disclosure for this sale can be found here. Insiders sold 99,442 shares of company stock worth $4,268,835 over the last ninety days. Company insiders own 3.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on NBHC. Stephens increased their target price on shares of National Bank from $38.00 to $46.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 25th. Keefe, Bruyette & Woods increased their price objective on National Bank from $39.00 to $45.00 and gave the stock a “market perform” rating in a report on Monday, July 29th. Hovde Group boosted their target price on National Bank from $42.00 to $50.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. StockNews.com downgraded National Bank from a “hold” rating to a “sell” rating in a research note on Wednesday, July 24th. Finally, DA Davidson boosted their price target on National Bank from $42.00 to $45.00 and gave the company a “buy” rating in a research note on Tuesday, July 2nd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $46.40.

National Bank Stock Performance

NBHC opened at $43.81 on Tuesday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.93 and a current ratio of 0.93. The company has a market cap of $1.66 billion, a PE ratio of 12.59 and a beta of 0.86. The stock has a 50-day moving average of $41.20 and a 200-day moving average of $37.18. National Bank Holdings Co. has a 52-week low of $28.38 and a 52-week high of $46.51.

National Bank (NYSE:NBHC) last announced its earnings results on Tuesday, July 23rd. The financial services provider reported $0.68 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.06). National Bank had a return on equity of 10.44% and a net margin of 21.40%. The company had revenue of $99.31 million for the quarter, compared to the consensus estimate of $102.96 million. During the same period in the previous year, the company earned $0.85 EPS. The firm’s revenue for the quarter was down 5.5% compared to the same quarter last year. As a group, equities research analysts forecast that National Bank Holdings Co. will post 3.03 earnings per share for the current fiscal year.

National Bank Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Friday, August 30th will be given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 2.56%. The ex-dividend date is Friday, August 30th. National Bank’s dividend payout ratio is 32.18%.

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.