Richard U. Jr. Newfield Sells 19,259 Shares of National Bank Holdings Co. (NYSE:NBHC) Stock

National Bank Holdings Co. (NYSE:NBHC) insider Richard U. Jr. Newfield sold 19,259 shares of the company’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $49.81, for a total transaction of $959,290.79. Following the completion of the transaction, the insider now owns 143,210 shares of the company’s stock, valued at $7,133,290.10. This trade represents a 11.85 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

National Bank Price Performance

NBHC opened at $48.58 on Monday. The firm has a market cap of $1.84 billion, a PE ratio of 15.04 and a beta of 0.84. The stock has a 50-day moving average price of $43.59 and a 200-day moving average price of $40.71. National Bank Holdings Co. has a 1 year low of $32.13 and a 1 year high of $51.76. 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 (NYSE:NBHC) last issued its earnings results on Tuesday, October 22nd. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.10. National Bank had a net margin of 20.52% and a return on equity of 9.93%. The business had revenue of $156.39 million during the quarter, compared to analysts’ expectations of $102.32 million. During the same period in the previous year, the company earned $0.94 earnings per share. Sell-side analysts predict that National Bank Holdings Co. will post 3.18 earnings per share for the current fiscal year.

National Bank Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 2.39%. This is an increase from National Bank’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Friday, November 29th. National Bank’s dividend payout ratio (DPR) is currently 34.67%.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Hovde Group raised their price objective on shares of National Bank from $50.00 to $51.00 and gave the stock an “outperform” rating in a report on Monday, October 28th. DA Davidson lifted their price target on National Bank from $51.00 to $53.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Piper Sandler upped their price target on National Bank from $44.00 to $48.00 and gave the stock a “neutral” rating in a research note on Thursday, October 24th. Keefe, Bruyette & Woods raised their price objective on National Bank from $39.00 to $45.00 and gave the company a “market perform” rating in a research report on Monday, July 29th. Finally, Stephens upped their target price on shares of National Bank from $46.00 to $49.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, National Bank presently has an average rating of “Hold” and an average price target of $49.20.

Institutional Trading of National Bank

Institutional investors and hedge funds have recently modified their holdings of the business. BNP Paribas Financial Markets boosted its position in shares of National Bank by 45.9% during the first quarter. BNP Paribas Financial Markets now owns 18,398 shares of the financial services provider’s stock valued at $664,000 after buying an additional 5,790 shares during the last quarter. Texas Permanent School Fund Corp lifted its stake in National Bank by 1.4% during the 1st quarter. Texas Permanent School Fund Corp now owns 33,069 shares of the financial services provider’s stock valued at $1,193,000 after acquiring an additional 449 shares during the period. Russell Investments Group Ltd. boosted its holdings in shares of National Bank by 87.6% during the 1st quarter. Russell Investments Group Ltd. now owns 478,748 shares of the financial services provider’s stock valued at $17,268,000 after acquiring an additional 223,505 shares during the last quarter. ProShare Advisors LLC grew its stake in shares of National Bank by 7.4% in the first quarter. ProShare Advisors LLC now owns 7,450 shares of the financial services provider’s stock worth $269,000 after acquiring an additional 513 shares during the period. Finally, State Board of Administration of Florida Retirement System raised its holdings in shares of National Bank by 53.7% during the first quarter. State Board of Administration of Florida Retirement System now owns 16,169 shares of the financial services provider’s stock valued at $541,000 after purchasing an additional 5,650 shares during the last quarter. Institutional investors own 92.65% of the company’s stock.

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.