National Bank Holdings Co. (NYSE:NBHC - Get Free Report) insider Valerie D. Kramer sold 897 shares of the stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $50.11, for a total transaction of $44,948.67. Following the completion of the sale, the insider now owns 9,755 shares of the company's stock, valued at approximately $488,823.05. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
National Bank Stock Performance
NYSE NBHC opened at $49.18 on Wednesday. National Bank Holdings Co. has a 52-week low of $31.25 and a 52-week high of $51.76. The company has a 50-day simple moving average of $43.09 and a 200 day simple moving average of $40.32. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.92 and a current ratio of 0.92. The company has a market capitalization of $1.86 billion, a PE ratio of 15.23 and a beta of 0.84.
National Bank (NYSE:NBHC - Get Free Report) last issued its earnings results on Tuesday, October 22nd. The financial services provider reported $0.86 earnings per share for the quarter, topping analysts' consensus estimates of $0.76 by $0.10. The firm had revenue of $156.39 million during the quarter, compared to analyst estimates of $102.32 million. National Bank had a net margin of 20.52% and a return on equity of 9.93%. During the same quarter last year, the business earned $0.94 earnings per share. On average, research analysts predict that National Bank Holdings Co. will post 3.18 EPS for the current year.
National Bank Increases Dividend
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The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be given a $0.29 dividend. This is a positive change 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 of this dividend is Friday, November 29th. National Bank's dividend payout ratio (DPR) is 34.67%.
Hedge Funds Weigh In On National Bank
Large investors have recently modified their holdings of the company. Innealta Capital LLC bought a new position in shares of National Bank in the second quarter valued at approximately $41,000. Meeder Asset Management Inc. bought a new position in shares of National Bank in the second quarter valued at approximately $52,000. Assetmark Inc. bought a new position in shares of National Bank in the third quarter valued at approximately $71,000. Atria Investments Inc bought a new stake in National Bank during the third quarter valued at approximately $202,000. Finally, Choreo LLC bought a new stake in National Bank during the second quarter valued at approximately $209,000. 92.65% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
NBHC has been the subject of several analyst reports. Hovde Group increased their target price on shares of National Bank from $50.00 to $51.00 and gave the company an "outperform" rating in a report on Monday, October 28th. Stephens increased their target price on shares of National Bank from $46.00 to $49.00 and gave the company an "equal weight" rating in a report on Thursday, October 24th. Piper Sandler increased their target price on shares of National Bank from $44.00 to $48.00 and gave the company a "neutral" rating in a report on Thursday, October 24th. StockNews.com downgraded shares of National Bank from a "hold" rating to a "sell" rating in a report on Wednesday, July 24th. Finally, Keefe, Bruyette & Woods raised 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. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat, National Bank currently has a consensus rating of "Hold" and a consensus price target of $49.20.
Read Our Latest Analysis on National Bank
About National Bank
(
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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