National Bank Holdings Co. (NYSE:NBHC) Insider Sells $63,265.50 in Stock

by · The Cerbat Gem

National Bank Holdings Co. (NYSE:NBHC – Get Free Report) insider Valerie D. Kramer sold 1,275 shares of the stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $49.62, for a total value of $63,265.50. Following the completion of the sale, the insider now owns 10,652 shares of the company’s stock, valued at approximately $528,552.24. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

National Bank Trading Down 1.9 %

NYSE:NBHC opened at $49.18 on Wednesday. The firm has a market capitalization of $1.86 billion, a P/E ratio of 15.23 and a beta of 0.84. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.92 and a quick ratio of 0.92. National Bank Holdings Co. has a one year low of $31.25 and a one year high of $51.76. The company’s 50-day simple moving average is $43.09 and its 200 day simple moving average is $40.32.

National Bank (NYSE:NBHC – Get Free Report) last issued its quarterly earnings results 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 firm had revenue of $156.39 million for the quarter, compared to analysts’ expectations of $102.32 million. During the same period in the previous year, the firm posted $0.94 EPS. As a group, analysts forecast that National Bank Holdings Co. will post 3.18 EPS for the current fiscal year.

National Bank Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be paid a $0.29 dividend. This is a boost from National Bank’s previous quarterly dividend of $0.28. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.36%. The ex-dividend date is Friday, November 29th. National Bank’s dividend payout ratio is currently 34.67%.

Wall Street Analyst Weigh In

NBHC has been the subject of a number of recent analyst reports. DA Davidson upped their target price on National Bank from $51.00 to $53.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Keefe, Bruyette & Woods upped their price objective on shares of National Bank from $39.00 to $45.00 and gave the stock a “market perform” rating in a report on Monday, July 29th. Stephens lifted their target price on shares of National Bank from $46.00 to $49.00 and gave the company an “equal weight” rating in a research note on Thursday, October 24th. StockNews.com downgraded shares of National Bank from a “hold” rating to a “sell” rating in a research note on Wednesday, July 24th. Finally, Piper Sandler lifted their price objective on National Bank from $44.00 to $48.00 and gave the company a “neutral” rating in a research report on Thursday, October 24th. One 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. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $49.20.

View Our Latest Stock Analysis on National Bank

Hedge Funds Weigh In On National Bank

Large investors have recently modified their holdings of the stock. Innealta Capital LLC bought a new stake in National Bank during the 2nd quarter valued at about $41,000. Meeder Asset Management Inc. bought a new stake in shares of National Bank during the second quarter valued at approximately $52,000. Assetmark Inc. purchased a new position in National Bank in the 3rd quarter worth approximately $71,000. Atria Investments Inc bought a new position in National Bank in the 3rd quarter valued at approximately $202,000. Finally, Choreo LLC purchased a new stake in National Bank during the 2nd quarter valued at $209,000. Hedge funds and other institutional investors own 92.65% of the company’s stock.

National Bank Company Profile

(Get Free Report)

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.

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