National Bank Holdings Co. (NYSE:NBHC) Insider Sells $29,123.25 in Stock

National Bank Holdings Co. (NYSE:NBHC) insider Valerie D. Kramer sold 725 shares of the stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $40.17, for a total value of $29,123.25. Following the sale, the insider now owns 10,398 shares of the company’s stock, valued at $417,687.66. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

National Bank Stock Up 1.6 %

NBHC stock traded up $0.65 during midday trading on Thursday, hitting $40.57. The stock had a trading volume of 228,965 shares, compared to its average volume of 203,814. The firm has a market cap of $1.53 billion, a price-to-earnings ratio of 11.77 and a beta of 0.86. The business has a 50-day moving average of $39.67 and a two-hundred day moving average of $36.43. National Bank Holdings Co. has a 52-week low of $28.38 and a 52-week high of $46.51. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.93 and a quick ratio of 0.93.

National Bank (NYSE:NBHC) last posted its earnings results on Tuesday, July 23rd. The financial services provider reported $0.68 earnings per share for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.06). National Bank had a net margin of 21.40% and a return on equity of 10.44%. The firm had revenue of $99.31 million during the quarter, compared to the consensus estimate of $102.96 million. During the same period in the prior year, the company posted $0.85 EPS. The firm’s revenue was down 5.5% compared to the same quarter last year. As a group, equities research analysts forecast that National Bank Holdings Co. will post 2.99 earnings per share for the current fiscal year.

National Bank Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Friday, August 30th will be paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 2.76%. The ex-dividend date of this dividend is Friday, August 30th. National Bank’s dividend payout ratio (DPR) is presently 32.18%.

Institutional Trading of National Bank

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Innealta Capital LLC purchased a new position in shares of National Bank in the 2nd quarter worth approximately $41,000. Meeder Asset Management Inc. purchased a new position in shares of National Bank in the 2nd quarter worth approximately $52,000. Quest Partners LLC purchased a new position in shares of National Bank in the 4th quarter worth approximately $194,000. Choreo LLC purchased a new position in shares of National Bank in the 2nd quarter worth approximately $209,000. Finally, Everence Capital Management Inc. purchased a new position in shares of National Bank in the 4th quarter worth approximately $244,000. Institutional investors own 92.65% of the company’s stock.

Wall Street Analyst Weigh In

NBHC has been the topic of several recent analyst reports. Stephens lifted their target price on shares of National Bank from $38.00 to $46.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 25th. Keefe, Bruyette & Woods lifted their target price on National Bank from $39.00 to $45.00 and gave the company a “market perform” rating in a report on Monday, July 29th. DA Davidson lifted their target price on National Bank from $42.00 to $45.00 and gave the company a “buy” rating in a report on Tuesday, July 2nd. Piper Sandler lowered National Bank from an “overweight” rating to a “neutral” rating and boosted their price objective for the stock from $42.00 to $46.00 in a report on Thursday, July 25th. Finally, Hovde Group upped their target price on National Bank from $42.00 to $50.00 and gave the stock an “outperform” rating in a research note on Friday, July 26th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $46.40.

About National Bank

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.