Squire Investment Management Company LLC Invests $4.50 Million in National Bank Holdings Co. (NYSE:NBHC)

Squire Investment Management Company LLC acquired a new position in National Bank Holdings Co. (NYSE:NBHC) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 106,796 shares of the financial services provider’s stock, valued at approximately $4,496,000. National Bank comprises approximately 2.1% of Squire Investment Management Company LLC’s portfolio, making the stock its 12th largest position.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Innealta Capital LLC acquired a new position in National Bank in the 2nd quarter valued at approximately $41,000. Meeder Asset Management Inc. acquired a new position in shares of National Bank in the second quarter valued at $52,000. Assetmark Inc. acquired a new position in shares of National Bank in the third quarter valued at $71,000. Atria Investments Inc bought a new position in National Bank in the third quarter worth $202,000. Finally, Choreo LLC bought a new stake in National Bank in the 2nd quarter valued at $209,000. Institutional investors own 92.65% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. StockNews.com downgraded shares of National Bank from a “hold” rating to a “sell” rating in a report on Wednesday, July 24th. Keefe, Bruyette & Woods raised their price target on shares of National Bank from $39.00 to $45.00 and gave the stock a “market perform” rating in a research note on Monday, July 29th. Piper Sandler upped their price objective on National Bank from $44.00 to $48.00 and gave the company a “neutral” rating in a research note on Thursday, October 24th. DA Davidson raised their target price on National Bank from $51.00 to $53.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Finally, Stephens boosted their price target on National Bank from $46.00 to $49.00 and gave the company an “equal weight” rating in a research note on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $49.20.

Insiders Place Their Bets

In related news, Director Art Zeile sold 3,875 shares of the firm’s stock in a transaction that occurred 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 owns 16,202 shares of the company’s stock, valued at $668,656.54. This trade represents a 19.30 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Richard U. Jr. Newfield sold 19,259 shares of the company’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $49.81, for a total value of $959,290.79. Following the transaction, the insider now directly owns 143,210 shares in the company, valued at approximately $7,133,290.10. This represents a 11.85 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 55,397 shares of company stock valued at $2,540,877. Insiders own 3.10% of the company’s stock.

National Bank Stock Performance

NYSE:NBHC opened at $48.54 on Friday. The stock has a market capitalization of $1.84 billion, a P/E ratio of 15.04 and a beta of 0.84. National Bank Holdings Co. has a 1 year low of $32.13 and a 1 year high of $51.76. The firm has a 50 day moving average of $43.44 and a 200-day moving average of $40.54. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.04.

National Bank (NYSE:NBHC) last posted its quarterly earnings data on Tuesday, October 22nd. The financial services provider reported $0.86 EPS for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $102.32 million. During the same quarter in the previous year, the firm earned $0.94 earnings per share. As a group, sell-side analysts anticipate that National Bank Holdings Co. will post 3.18 EPS for the current fiscal year.

National Bank Increases Dividend

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

National Bank Profile

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.