Squire Investment Management Company LLC Buys Shares of 106,796 National Bank Holdings Co. (NYSE:NBHC)

Squire Investment Management Company LLC purchased a new position in National Bank Holdings Co. (NYSE:NBHC) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 106,796 shares of the financial services provider’s stock, valued at approximately $4,496,000. National Bank makes up 2.1% of Squire Investment Management Company LLC’s investment portfolio, making the stock its 12th biggest holding. Squire Investment Management Company LLC owned 0.28% of National Bank as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of NBHC. Innealta Capital LLC bought a new position in National Bank during the 2nd quarter valued at $41,000. Meeder Asset Management Inc. bought a new position in National Bank during the second quarter valued at about $52,000. Assetmark Inc. acquired a new position in National Bank during the third quarter worth about $71,000. Atria Investments Inc bought a new stake in National Bank in the third quarter worth about $202,000. Finally, Choreo LLC acquired a new stake in National Bank in the 2nd quarter valued at about $209,000. 92.65% of the stock is owned by institutional investors and hedge funds.

National Bank Stock Performance

Shares of National Bank stock opened at $48.54 on Friday. The stock has a market cap of $1.84 billion, a PE ratio of 15.04 and a beta of 0.84. National Bank Holdings Co. has a 12 month low of $32.13 and a 12 month high of $51.76. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.04. The business has a fifty day simple moving average of $43.44 and a 200-day simple moving average of $40.54.

National Bank (NYSE:NBHC) last released its earnings results on Tuesday, October 22nd. The financial services provider reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.10. National Bank had a return on equity of 9.93% and a net margin of 20.52%. The company had revenue of $156.39 million for the quarter, compared to analysts’ expectations of $102.32 million. During the same quarter in the previous year, the business posted $0.94 EPS. On average, sell-side analysts anticipate that National Bank Holdings Co. will post 3.18 EPS for the current fiscal year.

National Bank Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be given a dividend of $0.29 per share. This is a boost from National Bank’s previous quarterly dividend of $0.28. The ex-dividend date is Friday, November 29th. This represents a $1.16 dividend on an annualized basis and a yield of 2.39%. National Bank’s dividend payout ratio (DPR) is presently 34.67%.

Analyst Ratings Changes

Several brokerages have recently issued reports on NBHC. DA Davidson lifted their price objective on shares of National Bank from $51.00 to $53.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Keefe, Bruyette & Woods upped their price target on National Bank from $39.00 to $45.00 and gave the company a “market perform” rating in a report on Monday, July 29th. StockNews.com downgraded National Bank from a “hold” rating to a “sell” rating in a research report on Wednesday, July 24th. Stephens boosted their target price on National Bank from $46.00 to $49.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 24th. Finally, Hovde Group increased their price target on National Bank from $50.00 to $51.00 and gave the company an “outperform” rating in a research report on Monday, October 28th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $49.20.

Insiders Place Their Bets

In other news, Director Art Zeile sold 3,875 shares of the business’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $41.27, for a total value of $159,921.25. Following the completion of the sale, the director now directly owns 16,202 shares in the company, valued at approximately $668,656.54. The trade was a 19.30 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Richard U. Jr. Newfield sold 19,259 shares of the firm’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $49.81, for a total transaction of $959,290.79. Following the completion of the transaction, the insider now owns 143,210 shares in the company, valued at $7,133,290.10. The trade was a 11.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 55,397 shares of company stock valued at $2,540,877 over the last quarter. Insiders own 3.10% of the company’s stock.

About National Bank

National Bank Holdings Corporation operates as the bank holding company for NBH Bank that provides various banking products and financial services to commercial, business, and consumer clients in the United States. It offers deposit products, including checking, savings, money market, and other deposit accounts, including fixed-rate and fixed maturity time deposits.