Empowered Funds LLC Acquires 6,164 Shares of National Bank Holdings Co. (NYSE:NBHC)

Empowered Funds LLC increased its holdings in National Bank Holdings Co. (NYSE:NBHC) by 5.3% in the third quarter, Holdings Channel reports. The institutional investor owned 122,894 shares of the financial services provider’s stock after buying an additional 6,164 shares during the period. Empowered Funds LLC’s holdings in National Bank were worth $5,174,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Louisiana State Employees Retirement System raised its position in shares of National Bank by 1.6% in the 2nd quarter. Louisiana State Employees Retirement System now owns 19,000 shares of the financial services provider’s stock valued at $742,000 after buying an additional 300 shares in the last quarter. Rhumbline Advisers raised its position in National Bank by 0.4% during the second quarter. Rhumbline Advisers now owns 126,304 shares of the financial services provider’s stock valued at $4,932,000 after purchasing an additional 492 shares in the last quarter. ProShare Advisors LLC lifted its stake in National Bank by 7.4% during the first quarter. ProShare Advisors LLC now owns 7,450 shares of the financial services provider’s stock worth $269,000 after purchasing an additional 513 shares during the last quarter. Innealta Capital LLC acquired a new stake in shares of National Bank in the 2nd quarter valued at $41,000. Finally, CANADA LIFE ASSURANCE Co increased its stake in shares of National Bank by 3.8% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 30,130 shares of the financial services provider’s stock valued at $1,086,000 after purchasing an additional 1,100 shares during the last quarter. Institutional investors and hedge funds own 92.65% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on NBHC shares. DA Davidson raised their price objective on National Bank from $51.00 to $53.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Hovde Group upped their price objective on shares of National Bank from $50.00 to $51.00 and gave the stock an “outperform” rating in a research report on Monday, October 28th. Piper Sandler boosted their target price on shares of National Bank from $44.00 to $48.00 and gave the stock a “neutral” rating in a research note on Thursday, October 24th. StockNews.com cut National Bank from a “hold” rating to a “sell” rating in a research note on Wednesday, July 24th. Finally, Stephens boosted their price objective on National Bank from $46.00 to $49.00 and gave the stock an “equal weight” rating in a research report 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 given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $49.20.

National Bank Stock Performance

Shares of National Bank stock opened at $48.58 on Monday. The stock has a market cap of $1.84 billion, a price-to-earnings ratio of 15.04 and a beta of 0.84. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.04. National Bank Holdings Co. has a twelve month low of $32.13 and a twelve month high of $51.76. The company’s fifty day moving average is $43.59 and its 200 day moving average is $40.71.

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

National Bank Increases Dividend

The company also recently declared 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 of this dividend is Friday, November 29th. This represents a $1.16 dividend on an annualized basis and a yield of 2.39%. This is a boost from National Bank’s previous quarterly dividend of $0.28. National Bank’s dividend payout ratio is 34.67%.

Insiders Place Their Bets

In related news, Director Art Zeile sold 3,875 shares of the business’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $41.27, for a total transaction of $159,921.25. Following the transaction, the director now owns 16,202 shares in the company, valued at $668,656.54. The trade was a 19.30 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Valerie D. Kramer sold 1,275 shares of the stock in a transaction on Friday, November 8th. The stock was sold at an average price of $49.62, for a total transaction of $63,265.50. Following the transaction, the insider now directly owns 10,652 shares in the company, valued at approximately $528,552.24. This represents a 10.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 55,397 shares of company stock worth $2,540,877. Company insiders own 3.10% of the company’s stock.

About National Bank

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.