Wellington Management Group LLP Decreases Stock Holdings in National Bank Holdings Corporation $NBHC

Wellington Management Group LLP reduced its position in shares of National Bank Holdings Corporation (NYSE:NBHC) by 42.0% in the second quarter, according to its most recent filing with the SEC. The fund owned 1,300,690 shares of the financial services provider’s stock after selling 943,298 shares during the quarter. Wellington Management Group LLP’s holdings in National Bank were worth $57,790,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of NBHC. Royal Bank of Canada raised its stake in National Bank by 34.3% during the first quarter. Royal Bank of Canada now owns 23,683 shares of the financial services provider’s stock valued at $906,000 after purchasing an additional 6,052 shares in the last quarter. AQR Capital Management LLC increased its holdings in shares of National Bank by 97.2% in the 1st quarter. AQR Capital Management LLC now owns 26,300 shares of the financial services provider’s stock worth $1,007,000 after buying an additional 12,962 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of National Bank by 5.1% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,066 shares of the financial services provider’s stock valued at $844,000 after buying an additional 1,079 shares in the last quarter. Millennium Management LLC raised its position in shares of National Bank by 2,057.9% during the 1st quarter. Millennium Management LLC now owns 199,453 shares of the financial services provider’s stock valued at $7,633,000 after buying an additional 190,210 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of National Bank by 11.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 94,367 shares of the financial services provider’s stock valued at $3,611,000 after acquiring an additional 9,626 shares during the last quarter. Institutional investors own 92.65% of the company’s stock.

National Bank Stock Up 0.7%

Shares of NYSE:NBHC opened at $41.89 on Friday. National Bank Holdings Corporation has a 1 year low of $35.06 and a 1 year high of $47.28. The business has a 50 day simple moving average of $43.34 and a two-hundred day simple moving average of $41.99. The firm has a market capitalization of $1.87 billion, a PE ratio of 17.60 and a beta of 0.77. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.97 and a quick ratio of 0.96.

National Bank (NYSE:NBHC) last issued its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $0.78 earnings per share for the quarter, missing the consensus estimate of $0.81 by ($0.03). National Bank had a return on equity of 8.35% and a net margin of 15.11%.The business had revenue of $129.94 million during the quarter, compared to analysts’ expectations of $135.08 million. During the same quarter in the previous year, the company posted $0.88 earnings per share. The company’s quarterly revenue was up 23.4% compared to the same quarter last year. On average, equities analysts predict that National Bank Holdings Corporation will post 3.35 EPS for the current year.

National Bank Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Friday, August 28th will be given a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend is Friday, August 28th. National Bank’s payout ratio is 53.78%.

Wall Street Analyst Weigh In

Several research analysts recently commented on NBHC shares. Piper Sandler dropped their price target on National Bank from $52.00 to $51.00 and set an “overweight” rating for the company in a research report on Monday, July 27th. Wall Street Zen raised National Bank from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Stephens cut National Bank from an “overweight” rating to an “equal weight” rating and set a $46.00 target price for the company. in a report on Thursday, August 6th. Finally, Weiss Ratings downgraded National Bank from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, August 11th. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $46.80.

About National Bank

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.