Principal Financial Group Inc. trimmed its stake in shares of National Bank Holdings Corp (NYSE:NBHC) by 0.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 218,777 shares of the financial services provider’s stock after selling 1,731 shares during the quarter. Principal Financial Group Inc. owned about 0.82% of National Bank worth $7,808,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the business. Los Angeles Capital Management & Equity Research Inc. boosted its position in National Bank by 0.9% during the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 11,528 shares of the financial services provider’s stock worth $382,000 after purchasing an additional 100 shares during the period. Louisiana State Employees Retirement System boosted its position in National Bank by 0.9% during the second quarter. Louisiana State Employees Retirement System now owns 10,900 shares of the financial services provider’s stock worth $361,000 after purchasing an additional 100 shares during the period. Texas Permanent School Fund boosted its position in National Bank by 1.2% during the second quarter. Texas Permanent School Fund now owns 19,505 shares of the financial services provider’s stock worth $646,000 after purchasing an additional 239 shares during the period. Municipal Employees Retirement System of Michigan boosted its position in National Bank by 6.4% during the second quarter. Municipal Employees Retirement System of Michigan now owns 6,280 shares of the financial services provider’s stock worth $208,000 after purchasing an additional 380 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its position in National Bank by 2.4% during the second quarter. The Manufacturers Life Insurance Company now owns 18,868 shares of the financial services provider’s stock worth $625,000 after purchasing an additional 435 shares during the period. 95.65% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts have commented on NBHC shares. BidaskClub cut shares of National Bank from a “hold” rating to a “sell” rating in a research report on Thursday, November 9th. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $35.00 target price on shares of National Bank in a research report on Wednesday, October 4th. Zacks Investment Research cut shares of National Bank from a “buy” rating to a “hold” rating in a research report on Wednesday, August 30th. Finally, Sandler O’Neill raised shares of National Bank from a “hold” rating to a “buy” rating and set a $36.00 target price for the company in a research report on Friday, August 18th. Two analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $35.00.

In related news, Director Robert E. Dean sold 3,076 shares of the business’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $33.74, for a total value of $103,784.24. Following the completion of the transaction, the director now owns 22,910 shares of the company’s stock, valued at $772,983.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 7.60% of the company’s stock.

Shares of National Bank Holdings Corp (NYSE NBHC) traded down $0.78 during trading on Thursday, hitting $32.29. 85,900 shares of the stock were exchanged, compared to its average volume of 114,628. The company has a market capitalization of $887.86, a PE ratio of 26.46, a PEG ratio of 2.74 and a beta of 0.65. National Bank Holdings Corp has a 52 week low of $30.10 and a 52 week high of $37.08. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.82 and a current ratio of 0.83.

National Bank (NYSE:NBHC) last announced its earnings results on Wednesday, October 18th. The financial services provider reported $0.26 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.30 by ($0.04). The business had revenue of $47.45 million during the quarter, compared to the consensus estimate of $48.90 million. National Bank had a net margin of 17.13% and a return on equity of 6.40%. During the same period in the previous year, the firm posted $0.30 EPS. equities analysts anticipate that National Bank Holdings Corp will post 1.21 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, November 24th will be given a $0.09 dividend. The ex-dividend date of this dividend is Wednesday, November 22nd. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.11%. National Bank’s payout ratio is presently 28.80%.

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National Bank Profile

National Bank Holdings Corporation (NBH) is a bank holding company. Through Bank Midwest, N.A. (Bank Midwest), NBH’s primary business is to offer a range of products and financial services to both its commercial and consumer customers, located in Kansas, Missouri and Colorado. The Company offers an array of lending products to cater to the customers’ needs, including, but not limited to, small business loans, equipment loans, term loans, asset-backed loans, letters of credit, commercial lines of credit, residential mortgage loans, home equity and consumer loans.

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Institutional Ownership by Quarter for National Bank (NYSE:NBHC)

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