Principal Financial Group Inc. Sells 34,726 Shares of National Bank Holdings Co. (NYSE:NBHC)

Principal Financial Group Inc. lessened its holdings in shares of National Bank Holdings Co. (NYSE:NBHC) by 4.4% during the 4th quarter, Holdings Channel.com reports. The firm owned 751,370 shares of the financial services provider’s stock after selling 34,726 shares during the period. Principal Financial Group Inc.’s holdings in National Bank were worth $32,354,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. Victory Capital Management Inc. grew its holdings in shares of National Bank by 56.0% during the third quarter. Victory Capital Management Inc. now owns 2,846,741 shares of the financial services provider’s stock worth $119,848,000 after purchasing an additional 1,021,829 shares during the last quarter. State Street Corp grew its holdings in shares of National Bank by 7.6% during the third quarter. State Street Corp now owns 1,799,224 shares of the financial services provider’s stock worth $75,747,000 after purchasing an additional 126,796 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of National Bank by 1.1% during the third quarter. Geode Capital Management LLC now owns 861,483 shares of the financial services provider’s stock worth $36,276,000 after purchasing an additional 9,723 shares during the last quarter. Leeward Investments LLC MA grew its holdings in shares of National Bank by 64.2% during the third quarter. Leeward Investments LLC MA now owns 374,638 shares of the financial services provider’s stock worth $15,772,000 after purchasing an additional 146,494 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of National Bank by 0.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 355,487 shares of the financial services provider’s stock worth $14,966,000 after purchasing an additional 2,209 shares during the last quarter. Institutional investors own 92.65% of the company’s stock.

National Bank Price Performance

National Bank stock opened at $41.88 on Friday. The business’s 50-day simple moving average is $43.26 and its 200 day simple moving average is $43.66. The stock has a market cap of $1.59 billion, a price-to-earnings ratio of 13.55 and a beta of 0.85. National Bank Holdings Co. has a 12-month low of $32.13 and a 12-month high of $51.76. The company has a quick ratio of 0.94, a current ratio of 0.95 and a debt-to-equity ratio of 0.08.

National Bank (NYSE:NBHC) last issued its earnings results on Wednesday, January 22nd. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.79 by $0.07. National Bank had a return on equity of 9.76% and a net margin of 19.82%. As a group, research analysts anticipate that National Bank Holdings Co. will post 3.31 earnings per share for the current year.

National Bank Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 2.77%. The ex-dividend date of this dividend is Friday, February 28th. National Bank’s dividend payout ratio (DPR) is currently 37.54%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on NBHC shares. Hovde Group cut 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. Keefe, Bruyette & Woods raised their price target on National Bank from $47.00 to $52.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, National Bank presently has a consensus rating of “Hold” and an average price target of $51.40.

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.