Leeward Investments LLC MA Increases Stock Holdings in National Bank Holdings Co. (NYSE:NBHC)

Leeward Investments LLC MA increased its stake in National Bank Holdings Co. (NYSE:NBHC) by 64.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 374,638 shares of the financial services provider’s stock after buying an additional 146,494 shares during the quarter. Leeward Investments LLC MA’s holdings in National Bank were worth $15,772,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. SG Americas Securities LLC bought a new position in National Bank during the 3rd quarter valued at about $491,000. AQR Capital Management LLC raised its stake in shares of National Bank by 49.0% during the second quarter. AQR Capital Management LLC now owns 10,378 shares of the financial services provider’s stock valued at $405,000 after acquiring an additional 3,415 shares in the last quarter. Public Sector Pension Investment Board boosted its holdings in shares of National Bank by 7.4% in the second quarter. Public Sector Pension Investment Board now owns 83,181 shares of the financial services provider’s stock valued at $3,248,000 after purchasing an additional 5,731 shares during the period. Intech Investment Management LLC purchased a new position in National Bank during the 2nd quarter worth $319,000. Finally, Dimensional Fund Advisors LP raised its position in National Bank by 9.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,950,210 shares of the financial services provider’s stock valued at $76,152,000 after purchasing an additional 167,711 shares in the last quarter. 92.65% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently commented on NBHC. Hovde Group increased their price objective on National Bank from $50.00 to $51.00 and gave the company an “outperform” rating in a report on Monday, October 28th. StockNews.com cut National Bank from a “hold” rating to a “sell” rating in a research note on Wednesday, July 24th. Keefe, Bruyette & Woods upped their price objective on shares of National Bank from $39.00 to $45.00 and gave the company a “market perform” rating in a report on Monday, July 29th. Piper Sandler increased their price objective on shares of National Bank from $44.00 to $48.00 and gave the company a “neutral” rating in a research report on Thursday, October 24th. Finally, Stephens upped their price target on shares of National Bank from $46.00 to $49.00 and gave the company an “equal weight” rating in a research note on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $49.20.

National Bank Price Performance

NYSE:NBHC opened at $51.24 on Thursday. The company has a 50 day moving average price of $42.74 and a 200-day moving average price of $39.96. National Bank Holdings Co. has a 1-year low of $31.24 and a 1-year high of $51.76. The firm has a market cap of $1.94 billion, a price-to-earnings ratio of 15.86 and a beta of 0.84. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.92 and a quick ratio of 0.92.

National Bank (NYSE:NBHC) last posted its earnings results on Tuesday, October 22nd. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.10. The business had revenue of $156.39 million for the quarter, compared to analyst estimates of $102.32 million. National Bank had a net margin of 20.52% and a return on equity of 9.93%. During the same period in the prior year, the company posted $0.94 EPS. Equities research analysts forecast that National Bank Holdings Co. will post 3.18 EPS for the current year.

National Bank Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be given a dividend of $0.29 per share. The ex-dividend date is Friday, November 29th. This is a boost from National Bank’s previous quarterly dividend of $0.28. This represents a $1.16 dividend on an annualized basis and a yield of 2.26%. National Bank’s dividend payout ratio is currently 34.67%.

Insider Buying and Selling at National Bank

In other National Bank news, insider Valerie D. Kramer sold 725 shares of the business’s stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $40.17, for a total transaction of $29,123.25. Following the completion of the sale, the insider now directly owns 10,398 shares in the company, valued at approximately $417,687.66. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Art Zeile sold 3,875 shares of the firm’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $41.27, for a total value of $159,921.25. Following the transaction, the director now directly owns 16,202 shares of the company’s stock, valued at approximately $668,656.54. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Valerie D. Kramer sold 725 shares of the company’s stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $40.17, for a total transaction of $29,123.25. Following the sale, the insider now directly owns 10,398 shares of the company’s stock, valued at approximately $417,687.66. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 34,691 shares of company stock valued at $1,502,496 over the last ninety days. Corporate insiders own 3.30% of the company’s stock.

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.