Envestnet Asset Management Inc. decreased its stake in shares of National Bank Holdings Corp (NYSE:NBHC) by 13.3% during the fourth quarter, Holdings Channel reports. The fund owned 5,430 shares of the financial services provider’s stock after selling 834 shares during the period. Envestnet Asset Management Inc.’s holdings in National Bank Holdings Corp were worth $173,000 at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in NBHC. Menta Capital LLC boosted its position in National Bank Holdings Corp by 98.8% in the fourth quarter. Menta Capital LLC now owns 24,127 shares of the financial services provider’s stock valued at $769,000 after buying an additional 11,990 shares during the last quarter. New York State Teachers Retirement System purchased a new position in National Bank Holdings Corp during the fourth quarter valued at $323,000. Renaissance Technologies LLC boosted its position in National Bank Holdings Corp by 21.9% in the fourth quarter. Renaissance Technologies LLC now owns 1,251,600 shares of the financial services provider’s stock valued at $39,914,000 after buying an additional 224,700 shares during the last quarter. Marshall Wace LLP purchased a new position in National Bank Holdings Corp during the fourth quarter valued at $250,000. Finally, Dimensional Fund Advisors LP boosted its position in National Bank Holdings Corp by 13.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,098,956 shares of the financial services provider’s stock valued at $66,936,000 after buying an additional 242,943 shares during the last quarter. 96.39% of the stock is currently owned by hedge funds and other institutional investors.
National Bank Holdings Corp (NYSE:NBHC) opened at 32.50 on Friday. The company has a 50-day moving average price of $32.63 and a 200-day moving average price of $28.88. National Bank Holdings Corp has a one year low of $19.17 and a one year high of $34.10. The company has a market capitalization of $864.79 million, a PE ratio of 41.14 and a beta of 0.67.
National Bank Holdings Corp (NYSE:NBHC) last issued its quarterly earnings data on Thursday, January 26th. The financial services provider reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.14. National Bank Holdings Corp had a net margin of 11.50% and a return on equity of 5.19%. During the same period in the prior year, the business earned $0.11 earnings per share. Analysts expect that National Bank Holdings Corp will post $1.10 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 15th. Investors of record on Friday, February 24th were paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 0.86%. The ex-dividend date was Wednesday, February 22nd. National Bank Holdings Corp’s dividend payout ratio (DPR) is 34.15%.
Separately, Zacks Investment Research raised National Bank Holdings Corp from a “sell” rating to a “hold” rating in a report on Saturday, February 25th.
In other National Bank Holdings Corp news, CEO G. Timothy Laney sold 45,000 shares of National Bank Holdings Corp stock in a transaction on Friday, February 3rd. The shares were sold at an average price of $32.61, for a total value of $1,467,450.00. Following the transaction, the chief executive officer now directly owns 646,780 shares of the company’s stock, valued at $21,091,495.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Maria F. Spring sold 3,208 shares of National Bank Holdings Corp stock in a transaction on Wednesday, February 22nd. The stock was sold at an average price of $33.07, for a total transaction of $106,088.56. Following the completion of the transaction, the director now directly owns 26,545 shares in the company, valued at $877,843.15. The disclosure for this sale can be found here. Insiders sold 58,806 shares of company stock valued at $1,915,889 in the last three months. 9.90% of the stock is currently owned by insiders.
About National Bank Holdings Corp
National Bank Holdings Corporation (NBH) is a bank holding company. Through Bank Midwest, N.A. (Bank Midwest), NBH’s primary business is to offer a range of products and financial services to both its commercial and consumer customers, located in Kansas, Missouri and Colorado. The Company offers an array of lending products to cater to the customers’ needs, including, but not limited to, small business loans, equipment loans, term loans, asset-backed loans, letters of credit, commercial lines of credit, residential mortgage loans, home equity and consumer loans.
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