Texas Permanent School Fund Corp Purchases 3,375 Shares of National Bank Holdings Co. (NYSE:NBHC)

Texas Permanent School Fund Corp increased its position in shares of National Bank Holdings Co. (NYSE:NBHC) by 10.2% during the second quarter, HoldingsChannel.com reports. The firm owned 36,444 shares of the financial services provider’s stock after buying an additional 3,375 shares during the period. Texas Permanent School Fund Corp’s holdings in National Bank were worth $1,423,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of NBHC. Innealta Capital LLC bought a new stake in National Bank in the second quarter valued at $41,000. Quest Partners LLC bought a new stake in National Bank in the fourth quarter valued at $194,000. Choreo LLC bought a new stake in National Bank in the second quarter valued at $209,000. ProShare Advisors LLC grew its position in National Bank by 7.4% in 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 period. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in National Bank by 24.7% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,879 shares of the financial services provider’s stock worth $386,000 after purchasing an additional 1,955 shares in the last quarter. 92.65% of the stock is currently owned by institutional investors.

National Bank Trading Up 2.7 %

Shares of NBHC opened at $43.20 on Friday. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.07. National Bank Holdings Co. has a 12-month low of $28.38 and a 12-month high of $46.51. The firm has a market capitalization of $1.63 billion, a PE ratio of 12.41 and a beta of 0.85. The stock’s fifty day simple moving average is $42.02 and its 200-day simple moving average is $37.87.

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

National Bank Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were paid a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 2.59%. The ex-dividend date of this dividend was Friday, August 30th. National Bank’s payout ratio is 32.18%.

Wall Street Analysts Forecast Growth

NBHC has been the topic of a number of recent analyst reports. StockNews.com lowered National Bank from a “hold” rating to a “sell” rating in a research note on Wednesday, July 24th. Stephens boosted their price objective on National Bank from $38.00 to $46.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 25th. Hovde Group boosted their price objective on National Bank from $42.00 to $50.00 and gave the stock an “outperform” rating in a research note on Friday, July 26th. DA Davidson boosted their price objective on National Bank from $42.00 to $45.00 and gave the stock a “buy” rating in a research note on Tuesday, July 2nd. Finally, Keefe, Bruyette & Woods upped their price target on National Bank from $39.00 to $45.00 and gave the company a “market perform” rating in a research note on Monday, July 29th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, National Bank presently has a consensus rating of “Hold” and an average price target of $46.40.

Insider Buying and Selling at National Bank

In other National Bank news, Director Ralph W. Clermont sold 10,000 shares of the stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $44.18, for a total value of $441,800.00. Following the transaction, the director now owns 66,653 shares of the company’s stock, valued at $2,944,729.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other National Bank news, CEO G. Timothy Laney sold 49,763 shares of the stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $42.64, for a total value of $2,121,894.32. Following the completion of the sale, the chief executive officer now directly owns 272,126 shares in the company, valued at $11,603,452.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Ralph W. Clermont sold 10,000 shares of the stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $44.18, for a total value of $441,800.00. Following the completion of the sale, the director now owns 66,653 shares of the company’s stock, valued at $2,944,729.54. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 103,192 shares of company stock valued at $4,431,998. 3.10% of the stock is currently owned by company insiders.

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.