Principal Financial Group Inc. Sells 34,726 Shares of National Bank Holdings Co. (NYSE:NBHC)

Principal Financial Group Inc. lowered its stake in shares of National Bank Holdings Co. (NYSE:NBHC) by 4.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 751,370 shares of the financial services provider’s stock after selling 34,726 shares during the quarter. Principal Financial Group Inc. owned about 1.98% of National Bank worth $32,354,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Assetmark Inc. bought a new stake in National Bank during the third quarter worth approximately $71,000. KBC Group NV boosted its position in shares of National Bank by 82.5% in the fourth quarter. KBC Group NV now owns 2,389 shares of the financial services provider’s stock valued at $103,000 after acquiring an additional 1,080 shares during the period. Atria Investments Inc bought a new stake in shares of National Bank in the third quarter valued at approximately $202,000. FMR LLC boosted its position in shares of National Bank by 359.7% in the third quarter. FMR LLC now owns 7,627 shares of the financial services provider’s stock valued at $321,000 after acquiring an additional 5,968 shares during the period. Finally, BNP Paribas Financial Markets boosted its position in shares of National Bank by 130.4% in the third quarter. BNP Paribas Financial Markets now owns 17,146 shares of the financial services provider’s stock valued at $722,000 after acquiring an additional 9,705 shares during the period. Institutional investors own 92.65% of the company’s stock.

National Bank Stock Performance

Shares of NYSE NBHC opened at $41.88 on Friday. The business has a fifty day simple moving average of $43.26 and a 200 day simple moving average of $43.66. The company has a current ratio of 0.95, a quick ratio of 0.94 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $1.59 billion, a price-to-earnings ratio of 13.55 and a beta of 0.85. National Bank Holdings Co. has a one year low of $32.13 and a one year high of $51.76.

National Bank (NYSE:NBHC) last issued its earnings results on Wednesday, January 22nd. The financial services provider reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.79 by $0.07. National Bank had a return on equity of 9.76% and a net margin of 19.82%. Sell-side analysts expect that National Bank Holdings Co. will post 3.31 EPS for the current year.

National Bank Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be paid a dividend of $0.29 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.16 annualized dividend and a yield of 2.77%. National Bank’s dividend payout ratio is currently 37.54%.

Analyst Upgrades and Downgrades

NBHC has been the subject of several research reports. Hovde Group cut National Bank from an “outperform” rating to a “market perform” rating and set a $55.00 price objective for the company. in a research report on Monday, November 18th. Keefe, Bruyette & Woods increased their price objective on National Bank from $47.00 to $52.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, National Bank presently has an average rating of “Hold” and a consensus price target of $51.40.

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.