Bank of America Corp DE Purchases 7,715 Shares of National Bank Holdings Corp (NYSE:NBHC)

Bank of America Corp DE grew its position in shares of National Bank Holdings Corp (NYSE:NBHC) by 10.1% during the 2nd quarter, Holdings Channel.com reports. The firm owned 84,181 shares of the financial services provider’s stock after acquiring an additional 7,715 shares during the period. Bank of America Corp DE’s holdings in National Bank were worth $3,055,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. BlackRock Inc. grew its position in National Bank by 3.7% during the 2nd quarter. BlackRock Inc. now owns 4,166,442 shares of the financial services provider’s stock worth $151,243,000 after acquiring an additional 147,626 shares during the last quarter. Vanguard Group Inc. grew its position in National Bank by 0.9% during the 2nd quarter. Vanguard Group Inc. now owns 2,784,763 shares of the financial services provider’s stock worth $101,087,000 after acquiring an additional 23,933 shares during the last quarter. Russell Investments Group Ltd. grew its position in National Bank by 22.0% during the 2nd quarter. Russell Investments Group Ltd. now owns 956,322 shares of the financial services provider’s stock worth $34,707,000 after acquiring an additional 172,460 shares during the last quarter. Northern Trust Corp grew its position in National Bank by 3.0% during the 2nd quarter. Northern Trust Corp now owns 383,135 shares of the financial services provider’s stock worth $13,907,000 after acquiring an additional 11,202 shares during the last quarter. Finally, Handelsbanken Fonder AB grew its position in National Bank by 25.3% during the 2nd quarter. Handelsbanken Fonder AB now owns 330,000 shares of the financial services provider’s stock worth $11,979,000 after acquiring an additional 66,600 shares during the last quarter. Institutional investors and hedge funds own 94.32% of the company’s stock.

Several equities analysts recently issued reports on NBHC shares. Zacks Investment Research lowered National Bank from a “buy” rating to a “hold” rating in a research report on Wednesday, July 31st. ValuEngine upgraded National Bank from a “sell” rating to a “hold” rating in a research report on Thursday, October 10th.

In other news, Director Maria F. Spring sold 19,333 shares of National Bank stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $34.00, for a total value of $657,322.00. Following the sale, the director now directly owns 50,828 shares in the company, valued at approximately $1,728,152. The sale was disclosed in a filing with the SEC, which is available through this link. 5.50% of the stock is currently owned by company insiders.

NBHC opened at $35.41 on Friday. The stock’s 50 day simple moving average is $34.61 and its 200 day simple moving average is $35.33. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.94 and a quick ratio of 0.92. National Bank Holdings Corp has a 1 year low of $29.26 and a 1 year high of $38.92. The firm has a market cap of $1.10 billion, a price-to-earnings ratio of 16.39 and a beta of 1.07.

National Bank (NYSE:NBHC) last posted its quarterly earnings results on Tuesday, July 23rd. The financial services provider reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.02. National Bank had a return on equity of 10.60% and a net margin of 24.37%. The business had revenue of $73.15 million for the quarter, compared to analyst estimates of $72.64 million. During the same period last year, the company earned $0.56 EPS. As a group, sell-side analysts anticipate that National Bank Holdings Corp will post 2.46 EPS for the current year.

National Bank Profile

National Bank Holdings Corporation operates as the bank holding company for NBH Bank, N.A. that provides various banking products and financial services to commercial, business, and consumer clients in the United States. The company offers deposit products, including checking accounts, savings accounts, money market accounts, and other deposit accounts, including fixed-rate and fixed maturity time deposits.

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Institutional Ownership by Quarter for National Bank (NYSE:NBHC)

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