National Bank Holdings Corporation $NBHC Stock Holdings Lowered by Principal Financial Group Inc.

Principal Financial Group Inc. cut its holdings in shares of National Bank Holdings Corporation (NYSE:NBHC) by 62.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 218,670 shares of the financial services provider’s stock after selling 366,382 shares during the period. Principal Financial Group Inc. owned approximately 0.49% of National Bank worth $8,563,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in shares of National Bank by 19.0% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 11,141 shares of the financial services provider’s stock valued at $436,000 after buying an additional 1,778 shares in the last quarter. Fifth Third Bancorp boosted its stake in shares of National Bank by 11,193.1% during the 1st quarter. Fifth Third Bancorp now owns 9,825 shares of the financial services provider’s stock worth $385,000 after acquiring an additional 9,738 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its stake in shares of National Bank by 18.5% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 10,265 shares of the financial services provider’s stock worth $402,000 after acquiring an additional 1,600 shares in the last quarter. North Star Investment Management Corp. acquired a new position in shares of National Bank in the 1st quarter worth $862,000. Finally, Pictet Asset Management Holding SA acquired a new position in shares of National Bank in the 1st quarter worth $221,000. 92.65% of the stock is currently owned by institutional investors.

National Bank Price Performance

Shares of NYSE:NBHC opened at $43.40 on Monday. The company’s fifty day moving average is $43.38 and its two-hundred day moving average is $41.65. The company has a quick ratio of 0.96, a current ratio of 0.97 and a debt-to-equity ratio of 0.20. National Bank Holdings Corporation has a 12-month low of $35.06 and a 12-month high of $47.28. The company has a market cap of $1.94 billion, a P/E ratio of 18.24 and a beta of 0.78.

National Bank (NYSE:NBHC) last issued its earnings results on Tuesday, July 21st. The financial services provider reported $0.78 EPS for the quarter, missing the consensus estimate of $0.81 by ($0.03). National Bank had a return on equity of 8.35% and a net margin of 15.11%.The business had revenue of $129.06 million during the quarter, compared to analyst estimates of $135.08 million. During the same period last year, the business earned $0.88 EPS. The business’s quarterly revenue was up 23.4% on a year-over-year basis. Equities analysts expect that National Bank Holdings Corporation will post 3.41 earnings per share for the current fiscal year.

National Bank Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, May 29th were paid a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend was Friday, May 29th. National Bank’s dividend payout ratio is currently 53.78%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. DA Davidson reaffirmed a “buy” rating and set a $46.00 target price on shares of National Bank in a report on Wednesday, April 22nd. Weiss Ratings raised National Bank from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, June 24th. Stephens cut their price objective on National Bank from $49.00 to $46.00 and set an “overweight” rating on the stock in a report on Thursday. Piper Sandler boosted their price objective on National Bank from $48.00 to $52.00 and gave the stock an “overweight” rating in a report on Monday, April 27th. Finally, Wall Street Zen raised shares of National Bank from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Five analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $47.00.

National Bank Company Profile

National Bank Holdings Corporation (NYSE: NBHC) is a diversified financial services holding company headquartered in Cape Girardeau, Missouri. Through its network of community bank subsidiaries, the company provides deposit, lending and payment solutions to consumer, small business and commercial clients across multiple U.S. markets.

Since its founding in 1992, National Bank Holdings has pursued a growth strategy focused on acquiring and integrating locally branded community banks. Its footprint spans the Midwest and Southern United States, including Missouri, Kansas, Oklahoma, Texas, Colorado, Illinois and Tennessee.