Robeco Institutional Asset Management B.V. decreased its stake in shares of National Bank Holdings Corp (NYSE:NBHC) by 44.4% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 151,332 shares of the financial services provider’s stock after selling 120,733 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in National Bank were worth $5,034,000 at the end of the most recent reporting period.
A number of other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its position in shares of National Bank by 3.2% during the 3rd quarter. Vanguard Group Inc. now owns 2,707,954 shares of the financial services provider’s stock valued at $101,954,000 after purchasing an additional 85,073 shares in the last quarter. Teachers Advisors LLC boosted its position in shares of National Bank by 10.5% during the 3rd quarter. Teachers Advisors LLC now owns 150,536 shares of the financial services provider’s stock valued at $5,668,000 after purchasing an additional 14,244 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of National Bank by 9.8% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,051,509 shares of the financial services provider’s stock valued at $39,590,000 after purchasing an additional 94,249 shares in the last quarter. BlackRock Inc. boosted its position in shares of National Bank by 0.4% during the 4th quarter. BlackRock Inc. now owns 3,978,893 shares of the financial services provider’s stock valued at $122,828,000 after purchasing an additional 15,380 shares in the last quarter. Finally, Federated Investors Inc. PA boosted its position in shares of National Bank by 16.5% during the 3rd quarter. Federated Investors Inc. PA now owns 299,875 shares of the financial services provider’s stock valued at $11,290,000 after purchasing an additional 42,391 shares in the last quarter. 91.39% of the stock is currently owned by hedge funds and other institutional investors.
In other National Bank news, Director Burney S. Warren III sold 19,233 shares of the firm’s stock in a transaction dated Wednesday, February 20th. The shares were sold at an average price of $35.63, for a total value of $685,271.79. Following the completion of the transaction, the director now directly owns 41,182 shares in the company, valued at $1,467,314.66. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Patrick G. Sobers sold 4,825 shares of the firm’s stock in a transaction dated 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 transaction, the executive vice president now owns 13,329 shares of the company’s stock, valued at $457,184.70. The disclosure for this sale can be found here. Over the last quarter, insiders sold 74,898 shares of company stock valued at $2,678,707. Corporate insiders own 5.50% of the company’s stock.
Shares of NBHC opened at $36.89 on Friday. 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 $1.13 billion, a price-to-earnings ratio of 15.92, a PEG ratio of 1.57 and a beta of 1.06. The company has a quick ratio of 0.90, a current ratio of 0.92 and a debt-to-equity ratio of 0.32.
National Bank (NYSE:NBHC) last announced its earnings results on Tuesday, April 23rd. The financial services provider reported $0.60 EPS for the quarter, topping the consensus estimate of $0.57 by $0.03. National Bank had a net margin of 24.13% and a return on equity of 10.52%. The company had revenue of $68.22 million during the quarter, compared to analysts’ expectations of $67.99 million. During the same period last year, the company posted $0.27 earnings per share. The business’s revenue for the quarter was up 4.2% on a year-over-year basis. As a group, analysts anticipate that National Bank Holdings Corp will post 2.33 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be issued a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 2.06%. This is a boost from National Bank’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend is Thursday, May 30th. National Bank’s dividend payout ratio (DPR) is presently 31.48%.
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National Bank Company 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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