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

ProShare Advisors LLC grew its holdings in National Bank Holdings Corporation (NYSE:NBHC) by 3,598.6% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 231,164 shares of the financial services provider’s stock after buying an additional 224,914 shares during the period. ProShare Advisors LLC owned 0.52% of National Bank worth $9,059,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Avidian Wealth Enterprises LLC purchased a new stake in National Bank during the 3rd quarter valued at about $291,000. Versant Capital Management Inc raised its holdings in National Bank by 108.7% in the 3rd quarter. Versant Capital Management Inc now owns 887 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 462 shares during the last quarter. Sequoia Financial Advisors LLC acquired a new stake in National Bank in the 2nd quarter valued at about $433,000. Integrated Wealth Concepts LLC purchased a new position in National Bank during the second quarter worth approximately $90,000. Finally, Squarepoint Ops LLC boosted its holdings in National Bank by 31.3% in the 2nd 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 last quarter. 92.65% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at National Bank

In other news, Director Art Zeile sold 4,000 shares of the business’s stock in a transaction that occurred on Friday, October 30th. The stock was sold at an average price of $37.43, for a total transaction of $149,720.00. Following the sale, the director owned 15,816 shares of the company’s stock, valued at $591,992.88. The trade was a 20.19% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 6.80% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of analysts recently issued reports on NBHC shares. Zacks Research raised National Bank from a “strong sell” rating to a “hold” rating in a research report on Monday, October 5th. DA Davidson cut their price objective on National Bank from $45.00 to $43.00 and set a “buy” rating on the stock in a research report on Monday, October 5th. Piper Sandler reduced their target price on shares of National Bank from $49.00 to $45.00 and set an “overweight” rating on the stock in a report on Thursday, October 15th. Stephens cut their price target on National Bank from $44.00 to $39.00 and set an “equal weight” rating on the stock in a research note on Monday. Finally, Weiss Ratings downgraded National Bank from a “buy (b-)” rating to a “hold (c+)” rating in a report 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 stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $42.33.

National Bank Price Performance

Shares of NYSE:NBHC opened at $37.50 on Wednesday. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.20. The company has a 50-day moving average price of $39.55 and a 200 day moving average price of $41.30. The company has a market cap of $1.67 billion, a P/E ratio of 17.62 and a beta of 0.83. National Bank Holdings Corporation has a 52 week low of $35.47 and a 52 week high of $47.28.

National Bank (NYSE:NBHC) last posted its quarterly earnings results 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). The business had revenue of $126.44 million during 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 quarter last year, the firm earned $0.92 earnings per share. Research analysts predict that National Bank Holdings Corporation will post 2.75 earnings per share for the current year.

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.