Zurcher Kantonalbank Zurich Cantonalbank Acquires 1,955 Shares of National Bank Holdings Co. (NYSE:NBHC)

Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of National Bank Holdings Co. (NYSE:NBHC) by 24.7% during the second quarter, HoldingsChannel reports. The firm owned 9,879 shares of the financial services provider’s stock after buying an additional 1,955 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in National Bank were worth $386,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of NBHC. Quest Partners LLC purchased a new stake in National Bank during the 4th quarter valued at $194,000. ProShare Advisors LLC increased its position in National Bank by 7.4% during the first quarter. ProShare Advisors LLC now owns 7,450 shares of the financial services provider’s stock valued at $269,000 after acquiring an additional 513 shares during the last quarter. Teacher Retirement System of Texas lifted its holdings in National Bank by 18.2% in the fourth quarter. Teacher Retirement System of Texas now owns 10,938 shares of the financial services provider’s stock valued at $407,000 after acquiring an additional 1,687 shares during the period. Aigen Investment Management LP boosted its position in National Bank by 43.6% in the fourth quarter. Aigen Investment Management LP now owns 12,895 shares of the financial services provider’s stock worth $480,000 after purchasing an additional 3,916 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System grew its stake in shares of National Bank by 53.7% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 16,169 shares of the financial services provider’s stock valued at $541,000 after purchasing an additional 5,650 shares during the period. 92.65% of the stock is owned by hedge funds and other institutional investors.

National Bank Price Performance

Shares of National Bank stock opened at $41.32 on Friday. The company has a market capitalization of $1.56 billion, a price-to-earnings ratio of 11.87 and a beta of 0.85. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.07. The stock’s 50-day simple moving average is $41.59 and its 200-day simple moving average is $37.36. 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 posted its quarterly earnings results on Tuesday, July 23rd. The financial services provider reported $0.68 EPS for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.06). The business had revenue of $99.31 million during the quarter, compared to analysts’ expectations of $102.96 million. National Bank had a return on equity of 10.44% and a net margin of 21.40%. The firm’s revenue for the quarter was down 5.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.85 earnings per share. As a group, analysts expect that National Bank Holdings Co. will post 3.03 earnings per share for the current fiscal year.

National Bank Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Friday, August 30th will be paid a dividend of $0.28 per share. The ex-dividend date is Friday, August 30th. This represents a $1.12 annualized dividend and a yield of 2.71%. National Bank’s payout ratio is 32.18%.

Insider Buying and Selling at National Bank

In other news, Director Art Zeile sold 3,875 shares of the firm’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $41.27, for a total transaction of $159,921.25. Following the completion of the transaction, the director now owns 16,202 shares in the company, valued at $668,656.54. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, Director Art Zeile sold 3,875 shares of the company’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $41.27, for a total transaction of $159,921.25. Following the sale, the director now directly owns 16,202 shares of the company’s stock, valued at approximately $668,656.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Christopher S. Randall sold 3,750 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $43.51, for a total transaction of $163,162.50. Following the completion of the transaction, the executive vice president now directly owns 14,365 shares of the company’s stock, valued at $625,021.15. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 103,192 shares of company stock worth $4,431,998. Insiders own 3.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Stephens raised their price objective on shares of National Bank from $38.00 to $46.00 and gave the stock an “equal weight” rating in a report on Thursday, July 25th. Keefe, Bruyette & Woods lifted their price target on shares of National Bank from $39.00 to $45.00 and gave the stock a “market perform” rating in a research note on Monday, July 29th. StockNews.com lowered National Bank from a “hold” rating to a “sell” rating in a research note on Wednesday, July 24th. Piper Sandler downgraded National Bank from an “overweight” rating to a “neutral” rating and lifted their target price for the company from $42.00 to $46.00 in a research report on Thursday, July 25th. Finally, DA Davidson upped their price target on National Bank from $42.00 to $45.00 and gave the stock a “buy” rating in a research report on Tuesday, July 2nd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, National Bank presently has an average rating of “Hold” and an average target price of $46.40.

National Bank 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.