Prudential Financial Inc. Has $1.38 Million Stake in National Bank Holdings Corp (NYSE:NBHC)

Prudential Financial Inc. lifted its position in shares of National Bank Holdings Corp (NYSE:NBHC) by 2.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 44,608 shares of the financial services provider’s stock after acquiring an additional 1,275 shares during the period. Prudential Financial Inc. owned about 0.14% of National Bank worth $1,377,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the stock. Legal & General Group Plc grew its stake in shares of National Bank by 3.6% in the third quarter. Legal & General Group Plc now owns 55,556 shares of the financial services provider’s stock worth $2,086,000 after purchasing an additional 1,906 shares in the last quarter. Quantamental Technologies LLC bought a new position in shares of National Bank in the fourth quarter worth $65,000. Arizona State Retirement System grew its stake in shares of National Bank by 6.3% in the fourth quarter. Arizona State Retirement System now owns 39,802 shares of the financial services provider’s stock worth $1,229,000 after purchasing an additional 2,350 shares in the last quarter. TIAA CREF Investment Management LLC grew its stake in shares of National Bank by 1.0% in the third quarter. TIAA CREF Investment Management LLC now owns 282,339 shares of the financial services provider’s stock worth $10,630,000 after purchasing an additional 2,725 shares in the last quarter. Finally, SG Americas Securities LLC bought a new position in shares of National Bank in the fourth quarter worth $109,000. 91.73% of the stock is currently owned by institutional investors and hedge funds.

In other news, EVP Patrick G. Sobers sold 4,825 shares of the company’s stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $34.30, for a total transaction of $165,497.50. Following the completion of the sale, the executive vice president now directly owns 13,329 shares of the company’s stock, valued at $457,184.70. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Burney S. Warren III sold 19,233 shares of the company’s stock in a transaction on Wednesday, February 20th. The shares were sold at an average price of $35.63, for a total value of $685,271.79. Following the sale, the director now directly owns 41,182 shares of the company’s stock, valued at $1,467,314.66. The disclosure for this sale can be found here. Insiders have sold 74,898 shares of company stock valued at $2,678,707 in the last ninety days. Company insiders own 6.40% of the company’s stock.

Several research firms have recently issued reports on NBHC. Stephens reissued a “hold” rating and issued a $35.00 price target on shares of National Bank in a research note on Friday, January 25th. Zacks Investment Research raised National Bank from a “sell” rating to a “hold” rating in a research note on Wednesday, January 30th. Five research analysts have rated the stock with a hold rating, National Bank currently has an average rating of “Hold” and an average target price of $38.75.

NBHC stock traded down $0.27 during trading hours on Monday, hitting $34.75. 64,400 shares of the stock traded hands, compared to its average volume of 135,329. National Bank Holdings Corp has a one year low of $29.26 and a one year high of $41.44. The stock has a market capitalization of $1.07 billion, a P/E ratio of 16.09, a P/E/G ratio of 1.50 and a beta of 1.01. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 0.43.

National Bank (NYSE:NBHC) last announced its earnings results on Thursday, January 24th. The financial services provider reported $0.55 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.56 by ($0.01). National Bank had a net margin of 21.03% and a return on equity of 10.14%. The firm had revenue of $65.95 million for the quarter, compared to the consensus estimate of $66.82 million. During the same period in the prior year, the business earned $0.36 EPS. On average, sell-side analysts anticipate that National Bank Holdings Corp will post 2.31 earnings per share for the current year.

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About National Bank

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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