National Bank Holdings Corporation $NBHC Shares Purchased by ProShare Advisors LLC

ProShare Advisors LLC lifted its stake in shares of National Bank Holdings Corporation (NYSE:NBHC – Free Report) by 3,598.6% during the third quarter, Holdings Channel reports. The fund owned 231,164 shares of the financial services provider’s stock after purchasing an additional 224,914 shares during the quarter. ProShare Advisors LLC’s holdings in National Bank were worth $9,059,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the company. Avidian Wealth Enterprises LLC purchased a new position in shares of National Bank during the 3rd quarter worth $291,000. Versant Capital Management Inc boosted its holdings in shares of National Bank by 108.7% during the third quarter. Versant Capital Management Inc now owns 887 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 462 shares during the last quarter. Sequoia Financial Advisors LLC purchased a new stake in shares of National Bank in the second quarter valued at $433,000. Integrated Wealth Concepts LLC purchased a new stake in shares of National Bank in the second quarter valued at $90,000. Finally, Squarepoint Ops LLC grew its position in shares of National Bank by 31.3% in the second quarter. Squarepoint Ops LLC now owns 16,655 shares of the financial services provider’s stock valued at $740,000 after purchasing an additional 3,974 shares during the period. Institutional investors and hedge funds own 92.65% of the company’s stock.

Analysts Set New Price Targets

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

Check Out Our Latest Stock Analysis on NBHC

National Bank Stock Down 1.5%

Shares of NBHC opened at $37.50 on Wednesday. The firm has a market cap of $1.67 billion, a PE ratio of 17.62 and a beta of 0.83. The company’s fifty day moving average is $39.55 and its two-hundred day moving average is $41.30. National Bank Holdings Corporation has a fifty-two week low of $35.47 and a fifty-two week high of $47.28. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.20.

National Bank (NYSE:NBHC – Get Free Report) last announced its quarterly earnings data on Tuesday, October 27th. The financial services provider reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.79 by ($0.73). The company had revenue of $126.44 million for the quarter, compared to analysts’ expectations of $134.81 million. National Bank had a net margin of 8.02% and a return on equity of 5.90%. During the same period in the prior year, the firm earned $0.92 earnings per share. Analysts forecast that National Bank Holdings Corporation will post 2.75 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Art Zeile sold 4,000 shares of National Bank stock in a transaction on Friday, October 30th. The stock was sold at an average price of $37.43, for a total value of $149,720.00. Following the transaction, the director owned 15,816 shares in the company, valued at approximately $591,992.88. This trade represents a 20.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 6.80% of the company’s stock.

National Bank Profile

(Free Report)

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.

See Also

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

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