42,447 Shares in National Bank Holdings Corporation $NBHC Acquired by Mirae Asset Global Investments Co. Ltd.

Key Points

• Mirae Asset Global Investments initiated a position in National Bank Holdings, buying 42,447 shares valued at about $1.66 million; institutional investors collectively own 92.65% of the stock.
• Analyst sentiment is mixed but consensus is Hold, with a $42.33 average price target. The latest quarter missed estimates, reporting $0.06 in EPS versus $0.79 expected and revenue of $126.44 million versus $134.81 million expected.
• National Bank raised its quarterly dividend from $0.32 to $0.33 per share, equivalent to $1.32 annually and a 3.6% yield.

Mirae Asset Global Investments Co. Ltd. purchased a new position in National Bank Holdings Corporation (NYSE:NBHC - Free Report) during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 42,447 shares of the financial services provider's stock, valued at approximately $1,663,000. Mirae Asset Global Investments Co. Ltd. owned 0.10% of National Bank at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the business. ProShare Advisors LLC increased its stake in shares of National Bank by 3,598.6% in the third quarter. ProShare Advisors LLC now owns 231,164 shares of the financial services provider's stock worth $9,059,000 after acquiring an additional 224,914 shares during the period. Avidian Wealth Enterprises LLC purchased a new position in shares of National Bank during the third quarter worth $291,000. Versant Capital Management Inc lifted its position in National Bank by 108.7% during the third quarter. Versant Capital Management Inc now owns 887 shares of the financial services provider's stock valued at $35,000 after purchasing an additional 462 shares during the period. Sequoia Financial Advisors LLC acquired a new position in National Bank during the second quarter valued at $433,000. Finally, Integrated Wealth Concepts LLC acquired a new position in National Bank during the second quarter valued at $90,000. 92.65% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

NBHC has been the topic of several analyst reports. Zacks Research raised National Bank from a "strong sell" rating to a "hold" rating in a research report on Monday, October 5th. Stephens dropped their target price on National Bank from $44.00 to $39.00 and set an "equal weight" rating on the stock in a report on Monday, November 2nd. DA Davidson dropped their target price on National Bank from $45.00 to $43.00 and set a "buy" rating on the stock in a report on Monday, October 5th. Weiss Ratings cut National Bank from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Monday, October 19th. Finally, Piper Sandler decreased their price target on National Bank from $49.00 to $45.00 and set an "overweight" rating for the company in a report on Thursday, October 15th. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $42.33.

Insider Buying and Selling at National Bank

In related news, Director Art Zeile sold 4,000 shares of National Bank stock in a transaction dated Friday, October 30th. The stock was sold at an average price of $37.43, for a total value of $149,720.00. Following the completion of the transaction, the director owned 15,816 shares in the company, valued at $591,992.88. The trade was a 20.19% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 6.80% of the stock is currently owned by corporate insiders.

National Bank Stock Performance

Shares of NYSE NBHC opened at $36.88 on Friday. The company's fifty day moving average price is $39.32 and its 200 day moving average price is $41.25. National Bank Holdings Corporation has a 1 year low of $35.50 and a 1 year high of $47.28. The company has a market capitalization of $1.64 billion, a PE ratio of 29.27 and a beta of 0.83. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.96 and a current ratio of 0.96.

National Bank (NYSE:NBHC - Get Free Report) last released its quarterly earnings data on Tuesday, October 27th. The financial services provider reported $0.06 earnings per share for the quarter, missing analysts' consensus estimates of $0.79 by ($0.73). The firm had revenue of $126.44 million during the quarter, compared to analysts' expectations of $134.81 million. National Bank had a net margin of 8.02% and a return on equity of 5.90%. During the same period in the previous year, the firm posted $0.92 EPS. On average, research analysts predict that National Bank Holdings Corporation will post 2.75 earnings per share for the current year.

National Bank Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Friday, November 27th will be given a dividend of $0.33 per share. This is a boost from National Bank's previous quarterly dividend of $0.32. The ex-dividend date is Friday, November 27th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.6%. National Bank's payout ratio is 104.76%.

National Bank Company Profile

National Bank Holdings Corporation NYSE: NBHC is a bank holding company that operates through its principal subsidiary, NBH Bank. The company provides community banking services to businesses, individuals and institutions, with a focus on relationship-based banking and local market expertise.

NBH Bank offers a range of financial products and services, including commercial and small-business loans, consumer lending, residential real estate financing, business and personal deposit accounts, treasury management, online and mobile banking, and wealth management services.

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