Barclays PLC Grows Position in National Bank Holdings Co. (NYSE:NBHC)

Barclays PLC grew its stake in shares of National Bank Holdings Co. (NYSE:NBHC) by 91.9% during the 3rd quarter, Holdings Channel.com reports. The firm owned 103,076 shares of the financial services provider’s stock after acquiring an additional 49,359 shares during the period. Barclays PLC’s holdings in National Bank were worth $4,340,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in NBHC. Innealta Capital LLC acquired a new position in National Bank during the second quarter worth about $41,000. Meeder Asset Management Inc. acquired a new stake in shares of National Bank in the 2nd quarter worth approximately $52,000. Assetmark Inc. purchased a new position in National Bank in the 3rd quarter valued at approximately $71,000. Atria Investments Inc acquired a new position in National Bank during the third quarter worth $202,000. Finally, Choreo LLC purchased a new stake in National Bank during the second quarter worth $209,000. 92.65% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on NBHC shares. Piper Sandler raised their price target on National Bank from $44.00 to $48.00 and gave the company a “neutral” rating in a research report on Thursday, October 24th. DA Davidson raised their target price on shares of National Bank from $51.00 to $53.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Hovde Group downgraded shares of 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. Stephens raised their price objective on shares of National Bank from $46.00 to $49.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 24th. Finally, Keefe, Bruyette & Woods upped their target price on National Bank from $47.00 to $52.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $51.40.

Insider Buying and Selling at National Bank

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

National Bank Stock Performance

NYSE:NBHC opened at $43.15 on Friday. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.92 and a quick ratio of 0.92. The firm has a market cap of $1.64 billion, a PE ratio of 13.36 and a beta of 0.84. The firm has a 50 day simple moving average of $46.38 and a 200-day simple moving average of $42.63. National Bank Holdings Co. has a 1-year low of $32.13 and a 1-year high of $51.76.

National Bank (NYSE:NBHC) last issued its quarterly earnings results on Tuesday, October 22nd. The financial services provider reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.10. National Bank had a return on equity of 9.93% and a net margin of 20.52%. The company had revenue of $156.39 million during the quarter, compared to the consensus estimate of $102.32 million. During the same period in the previous year, the firm posted $0.94 EPS. On average, equities analysts expect that National Bank Holdings Co. will post 3.18 EPS for the current year.

National Bank Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 2.69%. This is a positive change from National Bank’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Friday, November 29th. National Bank’s dividend payout ratio (DPR) is presently 35.91%.

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.