Mirae Asset Global Investments Co. Ltd. Purchases 42,447 Shares of National Bank Holdings Corporation $NBHC

Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of National Bank Holdings Corporation (NYSE:NBHC) in the third quarter, Holdings Channel.com reports. The firm acquired 42,447 shares of the financial services provider’s stock, valued at approximately $1,663,000.

A number of other large investors also recently added to or reduced their stakes in NBHC. Dimensional Fund Advisors LP lifted its holdings in National Bank by 2.0% during the first quarter. Dimensional Fund Advisors LP now owns 2,100,944 shares of the financial services provider’s stock valued at $82,271,000 after purchasing an additional 40,669 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of National Bank by 3.3% in the first quarter. Bank of New York Mellon Corp now owns 343,744 shares of the financial services provider’s stock valued at $13,461,000 after purchasing an additional 11,010 shares in the last quarter. Sei Investments Co. increased its stake in shares of National Bank by 5.9% in the 1st quarter. Sei Investments Co. now owns 337,005 shares of the financial services provider’s stock worth $13,197,000 after acquiring an additional 18,785 shares during the last quarter. North Reef Capital Management LP purchased a new position in shares of National Bank during the 1st quarter worth $12,545,000. Finally, ProShare Advisors LLC boosted its holdings in National Bank by 3,598.6% in the 3rd quarter. ProShare Advisors LLC now owns 231,164 shares of the financial services provider’s stock valued at $9,059,000 after purchasing an additional 224,914 shares during the last quarter. 92.65% of the stock is currently owned by institutional investors and hedge funds.

National Bank Price Performance

NBHC opened at $36.88 on Friday. The stock’s 50-day moving average price is $39.32 and its 200 day moving average price is $41.25. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.20. National Bank Holdings Corporation has a 12-month low of $35.50 and a 12-month high of $47.28. The firm has a market cap of $1.64 billion, a price-to-earnings ratio of 29.27 and a beta of 0.83.

National Bank (NYSE:NBHC) last announced 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). National Bank had a net margin of 8.02% and a return on equity of 5.90%. The business had revenue of $126.44 million during the quarter, compared to analyst estimates of $134.81 million. During the same quarter last year, the firm posted $0.92 EPS. As a group, sell-side analysts expect 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. Shareholders of record on Friday, November 27th will be issued 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 yield of 3.6%. National Bank’s dividend payout ratio (DPR) is currently 104.76%.

Analyst Ratings Changes

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

Insider Buying and Selling

In other National Bank news, Director Art Zeile sold 4,000 shares of the firm’s stock in a transaction that occurred on Friday, October 30th. The shares were 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 of the company’s stock, valued at $591,992.88. This trade represents a 20.19% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 6.80% of the stock is owned by corporate insiders.

National Bank 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.