SG Americas Securities LLC Buys 21,185 Shares of National Bank Holdings Corporation $NBHC

SG Americas Securities LLC grew its stake in shares of National Bank Holdings Corporation (NYSE:NBHC) by 264.0% during the 3rd quarter, Holdings Channel reports. The firm owned 29,211 shares of the financial services provider’s stock after buying an additional 21,185 shares during the period. SG Americas Securities LLC’s holdings in National Bank were worth $1,129,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Tower Research Capital LLC TRC grew its position in shares of National Bank by 131.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,395 shares of the financial services provider’s stock valued at $128,000 after acquiring an additional 1,927 shares during the period. Envestnet Asset Management Inc. increased its position in National Bank by 6.3% during the second quarter. Envestnet Asset Management Inc. now owns 5,955 shares of the financial services provider’s stock worth $224,000 after buying an additional 355 shares during the last quarter. Osaic Holdings Inc. raised its stake in National Bank by 126.0% in the second quarter. Osaic Holdings Inc. now owns 6,367 shares of the financial services provider’s stock valued at $239,000 after buying an additional 3,550 shares during the period. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of National Bank in the second quarter valued at approximately $289,000. Finally, Brandywine Global Investment Management LLC bought a new position in shares of National Bank during the 2nd quarter worth approximately $293,000. Institutional investors own 92.65% of the company’s stock.

National Bank Stock Up 0.0%

NBHC stock opened at $40.81 on Friday. National Bank Holdings Corporation has a 52 week low of $32.83 and a 52 week high of $44.84. The business has a 50-day simple moving average of $38.50 and a 200 day simple moving average of $38.35. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.04. The company has a market cap of $1.54 billion, a PE ratio of 12.91 and a beta of 0.81.

National Bank (NYSE:NBHC) last issued its earnings results on Tuesday, October 21st. The financial services provider reported $0.96 EPS for the quarter, beating the consensus estimate of $0.90 by $0.06. The company had revenue of $108.89 million during the quarter, compared to analysts’ expectations of $107.56 million. National Bank had a net margin of 20.50% and a return on equity of 9.56%. The business’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.86 EPS. Sell-side analysts anticipate that National Bank Holdings Corporation will post 3.31 EPS for the current fiscal year.

National Bank Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Friday, November 28th were paid a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 3.0%. The ex-dividend date was Friday, November 28th. This is a positive change from National Bank’s previous quarterly dividend of ($0.30). National Bank’s dividend payout ratio is 39.24%.

Analyst Ratings Changes

NBHC has been the topic of a number of research analyst reports. Zacks Research upgraded National Bank from a “strong sell” rating to a “hold” rating in a research note on Monday, December 22nd. Stephens upgraded shares of National Bank from an “equal weight” rating to an “overweight” rating and set a $42.00 target price for the company in a research note on Monday, November 10th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of National Bank in a report on Wednesday, October 8th. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $44.50.

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.