Schwab Charles Investment Management Inc. lifted its holdings in shares of National Bank Holdings Corp (NYSE:NBHC) by 1.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 182,067 shares of the financial services provider’s stock after purchasing an additional 2,140 shares during the period. Schwab Charles Investment Management Inc. owned about 0.68% of National Bank worth $5,905,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Piedmont Investment Advisors LLC bought a new stake in National Bank in the 3rd quarter valued at about $208,000. SG Americas Securities LLC bought a new stake in National Bank in the 3rd quarter valued at about $284,000. Crossmark Global Holdings Inc. bought a new stake in National Bank in the 3rd quarter valued at about $326,000. Municipal Employees Retirement System of Michigan raised its stake in National Bank by 59.6% in the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 10,020 shares of the financial services provider’s stock valued at $358,000 after acquiring an additional 3,740 shares during the period. Finally, FDx Advisors Inc. bought a new stake in National Bank in the 3rd quarter valued at about $362,000. Institutional investors own 96.20% of the company’s stock.
In other news, Director Burney S. Warren III sold 3,841 shares of the company’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $34.00, for a total transaction of $130,594.00. Following the sale, the director now directly owns 20,542 shares in the company, valued at $698,428. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Richard U. Jr. Newfield sold 25,000 shares of the company’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $33.20, for a total value of $830,000.00. Following the sale, the insider now owns 127,507 shares in the company, valued at $4,233,232.40. The disclosure for this sale can be found here. Corporate insiders own 7.60% of the company’s stock.
Shares of National Bank Holdings Corp (NBHC) opened at $33.80 on Tuesday. National Bank Holdings Corp has a 52 week low of $30.10 and a 52 week high of $37.08. The stock has a market capitalization of $1,014.85, a PE ratio of 26.78, a P/E/G ratio of 1.77 and a beta of 0.71. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.24.
National Bank (NYSE:NBHC) last announced its quarterly earnings results on Thursday, January 25th. The financial services provider reported $0.36 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.33 by $0.03. National Bank had a return on equity of 6.39% and a net margin of 7.16%. The firm had revenue of $45.80 million for the quarter, compared to analysts’ expectations of $47.87 million. During the same period in the prior year, the business posted $0.36 earnings per share. equities analysts anticipate that National Bank Holdings Corp will post 1.89 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Friday, February 23rd will be given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 1.07%. The ex-dividend date is Thursday, February 22nd. National Bank’s dividend payout ratio is presently 69.23%.
National Bank Profile
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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