National Bank Holdings Corporation $NBHC Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. decreased its stake in National Bank Holdings Corporation (NYSE:NBHC) by 7.4% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 603,154 shares of the financial services provider’s stock after selling 48,079 shares during the quarter. Principal Financial Group Inc.’s holdings in National Bank were worth $23,306,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in NBHC. AlphaQuest LLC lifted its holdings in shares of National Bank by 110.4% in the third quarter. AlphaQuest LLC now owns 43,045 shares of the financial services provider’s stock valued at $1,663,000 after purchasing an additional 22,583 shares in the last quarter. Y Intercept Hong Kong Ltd increased its position in National Bank by 97.9% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 80,567 shares of the financial services provider’s stock worth $3,113,000 after purchasing an additional 39,848 shares during the last quarter. Deprince Race & Zollo Inc. purchased a new stake in shares of National Bank during the 3rd quarter worth about $14,240,000. Assenagon Asset Management S.A. acquired a new stake in shares of National Bank during the 3rd quarter valued at about $25,869,000. Finally, First Citizens Bank & Trust Co. bought a new stake in shares of National Bank in the 2nd quarter valued at approximately $413,000. Institutional investors and hedge funds own 92.65% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on NBHC. Stephens raised shares of National Bank from an “equal weight” rating to an “overweight” rating and set a $42.00 price objective on the stock in a research report on Monday, November 10th. Weiss Ratings restated a “hold (c)” rating on shares of National Bank in a report on Thursday, January 22nd. DA Davidson reiterated a “buy” rating and issued a $46.00 price objective on shares of National Bank in a report on Wednesday, January 28th. Wall Street Zen lowered National Bank from a “hold” rating to a “sell” rating in a report on Saturday, January 31st. Finally, Zacks Research raised National Bank from a “strong sell” rating to a “hold” rating in a research report on Monday, December 22nd. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, National Bank has a consensus rating of “Moderate Buy” and a consensus price target of $44.75.

National Bank Trading Up 1.4%

National Bank stock opened at $41.80 on Friday. National Bank Holdings Corporation has a 52 week low of $32.83 and a 52 week high of $44.11. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.93 and a current ratio of 0.94. The firm has a market capitalization of $1.58 billion, a PE ratio of 14.67 and a beta of 0.81. The business’s 50-day simple moving average is $39.70 and its 200-day simple moving average is $38.46.

National Bank (NYSE:NBHC) last released its earnings results on Tuesday, January 27th. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.27). National Bank had a net margin of 18.66% and a return on equity of 8.65%. The business had revenue of $100.64 million during the quarter, compared to analyst estimates of $107.48 million. During the same period last year, the business earned $0.86 EPS. Equities research analysts forecast that National Bank Holdings Corporation will post 3.31 earnings per share for the current year.

National Bank Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 27th will be paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 3.1%. The ex-dividend date is Friday, February 27th. This is an increase from National Bank’s previous quarterly dividend of $0.31. National Bank’s dividend payout ratio is currently 43.51%.

National Bank Company Profile

National Bank Holdings Corporation (NYSE: NBHC) is a diversified financial services holding company headquartered in Cape Girardeau, Missouri. Through its network of community bank subsidiaries, the company provides deposit, lending and payment solutions to consumer, small business and commercial clients across multiple U.S. markets.

Since its founding in 1992, National Bank Holdings has pursued a growth strategy focused on acquiring and integrating locally branded community banks. Its footprint spans the Midwest and Southern United States, including Missouri, Kansas, Oklahoma, Texas, Colorado, Illinois and Tennessee.