SG Americas Securities LLC Trims Holdings in National Bank Holdings Co. (NYSE:NBHC)

SG Americas Securities LLC decreased its holdings in National Bank Holdings Co. (NYSE:NBHC) by 85.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,660 shares of the financial services provider’s stock after selling 21,429 shares during the quarter. SG Americas Securities LLC’s holdings in National Bank were worth $136,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. BlackRock Inc. raised its position in National Bank by 0.9% in the 1st quarter. BlackRock Inc. now owns 5,562,956 shares of the financial services provider’s stock valued at $186,137,000 after purchasing an additional 51,088 shares during the last quarter. Wellington Management Group LLP raised its position in National Bank by 8.9% in the 3rd quarter. Wellington Management Group LLP now owns 3,665,586 shares of the financial services provider’s stock valued at $109,088,000 after purchasing an additional 298,140 shares during the last quarter. Vanguard Group Inc. raised its position in National Bank by 2.7% in the 3rd quarter. Vanguard Group Inc. now owns 3,288,218 shares of the financial services provider’s stock valued at $121,632,000 after purchasing an additional 87,446 shares during the last quarter. T. Rowe Price Investment Management Inc. raised its position in National Bank by 13.0% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 3,054,198 shares of the financial services provider’s stock worth $128,491,000 after buying an additional 350,353 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its position in National Bank by 2.7% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 2,886,257 shares of the financial services provider’s stock worth $110,457,000 after buying an additional 75,293 shares during the last quarter. Hedge funds and other institutional investors own 92.65% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on NBHC shares. StockNews.com downgraded shares of National Bank from a “hold” rating to a “sell” rating in a research report on Friday, April 12th. Piper Sandler upped their price objective on shares of National Bank from $40.00 to $41.00 and gave the stock an “overweight” rating in a research report on Thursday, January 25th. Finally, TheStreet downgraded shares of National Bank from a “b” rating to a “c+” rating in a research report on Monday, March 18th.

National Bank Price Performance

National Bank stock opened at $32.29 on Wednesday. National Bank Holdings Co. has a 12-month low of $26.48 and a 12-month high of $38.71. The stock has a market capitalization of $1.22 billion, a P/E ratio of 8.68 and a beta of 0.84. The firm’s 50-day moving average is $34.24 and its two-hundred day moving average is $33.93. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.95 and a quick ratio of 0.95.

National Bank (NYSE:NBHC) last released its earnings results on Wednesday, January 24th. The financial services provider reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.03. National Bank had a net margin of 25.40% and a return on equity of 12.20%. The business had revenue of $107.23 million for the quarter, compared to analysts’ expectations of $103.96 million. During the same period last year, the company earned $0.91 earnings per share. The company’s quarterly revenue was down 3.1% on a year-over-year basis. Equities analysts predict that National Bank Holdings Co. will post 3.33 earnings per share for the current year.

National Bank Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, February 23rd were issued a $0.27 dividend. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $1.08 annualized dividend and a yield of 3.35%. National Bank’s payout ratio is 29.03%.

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.