Bank of Jackson Hole Trust Sells 4,900 Shares of National Bank Holdings Corporation $NBHC

Bank of Jackson Hole Trust lessened its stake in National Bank Holdings Corporation (NYSE:NBHC) by 27.1% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 13,175 shares of the financial services provider’s stock after selling 4,900 shares during the period. Bank of Jackson Hole Trust’s holdings in National Bank were worth $496,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Victory Capital Management Inc. grew its holdings in National Bank by 2.6% during the 1st quarter. Victory Capital Management Inc. now owns 2,851,786 shares of the financial services provider’s stock worth $109,138,000 after acquiring an additional 72,805 shares during the period. Westwood Holdings Group Inc. grew its holdings in National Bank by 30.1% during the 1st quarter. Westwood Holdings Group Inc. now owns 1,450,227 shares of the financial services provider’s stock worth $55,500,000 after acquiring an additional 335,741 shares during the period. Boston Partners grew its holdings in National Bank by 40.6% during the 1st quarter. Boston Partners now owns 567,150 shares of the financial services provider’s stock worth $21,702,000 after acquiring an additional 163,895 shares during the period. Nuveen LLC acquired a new stake in National Bank during the 1st quarter worth $21,123,000. Finally, Leeward Investments LLC MA grew its holdings in National Bank by 15.7% during the 2nd quarter. Leeward Investments LLC MA now owns 451,726 shares of the financial services provider’s stock worth $16,989,000 after acquiring an additional 61,287 shares during the period. Institutional investors and hedge funds own 92.65% of the company’s stock.

Analyst Ratings Changes

NBHC has been the subject of a number of analyst reports. DA Davidson lifted their target price on shares of National Bank from $42.00 to $45.00 and gave the stock a “buy” rating in a report on Thursday, July 24th. Keefe, Bruyette & Woods lifted their target price on shares of National Bank from $44.00 to $45.00 and gave the stock a “market perform” rating in a report on Wednesday, September 17th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of National Bank in a report on Wednesday, October 8th. Wall Street Zen raised shares of National Bank from a “strong sell” rating to a “hold” rating in a report on Saturday, July 26th. Finally, Hovde Group raised shares of National Bank from a “market perform” rating to an “outperform” rating and set a $46.00 target price for the company in a report on Thursday, September 18th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, National Bank has a consensus rating of “Moderate Buy” and a consensus price target of $45.33.

National Bank Price Performance

Shares of NBHC stock opened at $36.97 on Wednesday. National Bank Holdings Corporation has a 12-month low of $32.83 and a 12-month high of $51.76. The firm has a market capitalization of $1.41 billion, a price-to-earnings ratio of 11.70 and a beta of 0.75. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.04. The firm has a fifty day moving average of $38.42 and a 200-day moving average of $37.71.

National Bank (NYSE:NBHC) last announced its quarterly earnings results on Thursday, August 14th. The financial services provider reported $0.63 earnings per share (EPS) for the quarter. National Bank had a net margin of 20.50% and a return on equity of 9.56%. The company had revenue of $102.07 million during the quarter. On average, equities research analysts forecast that National Bank Holdings Corporation will post 3.31 earnings per share for the current year.

National Bank Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Friday, August 29th were given a $-0.30 dividend. This represents a ($1.20) annualized dividend and a yield of -3.2%. The ex-dividend date of this dividend was Friday, August 29th. National Bank’s payout ratio is currently 37.97%.

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.