Key Points
- Insider purchase: National Bank insider John Steinmetz bought 24,200 shares at an average of $41.41 (totaling $1,002,122), raising his stake to 536,504 shares — a 4.72% increase.
- Earnings miss and stock movement: The company reported Q4 EPS of $0.60 versus $0.87 expected and revenue of $100.64M versus $107.48M, and the shares traded down about 2%.
- Dividend and analyst view: National Bank raised its quarterly dividend to $0.32 (annualized $1.28, ~3.1% yield) while analysts show a mixed outlook with a consensus "Moderate Buy" and a $44.75 target; institutional ownership stands at 92.65%.
National Bank Holdings Corporation (NYSE:NBHC - Get Free Report) insider John Steinmetz acquired 24,200 shares of the stock in a transaction dated Wednesday, February 11th. The shares were bought at an average cost of $41.41 per share, for a total transaction of $1,002,122.00. Following the completion of the transaction, the insider owned 536,504 shares in the company, valued at approximately $22,216,630.64. This represents a 4.72% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website.
National Bank Trading Down 2.0%
Shares of NYSE:NBHC opened at $40.72 on Friday. The stock has a 50 day moving average of $39.98 and a 200 day moving average of $38.52. The company has a market cap of $1.54 billion, a PE ratio of 14.29 and a beta of 0.81. National Bank Holdings Corporation has a 12-month low of $32.83 and a 12-month high of $43.53. The company has a current ratio of 0.94, a quick ratio of 0.93 and a debt-to-equity ratio of 0.04.
National Bank (NYSE:NBHC - Get Free Report) last issued its quarterly earnings results on Tuesday, January 27th. The financial services provider reported $0.60 earnings per share for the quarter, missing the consensus estimate of $0.87 by ($0.27). The firm had revenue of $100.64 million for the quarter, compared to analysts' expectations of $107.48 million. National Bank had a net margin of 18.66% and a return on equity of 8.65%. During the same period in the prior year, the firm earned $0.86 EPS. As a group, equities research analysts expect that National Bank Holdings Corporation will post 3.31 EPS for the current year.
National Bank Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 27th will be issued a $0.32 dividend. The ex-dividend date of this dividend is Friday, February 27th. This represents a $1.28 annualized dividend and a yield of 3.1%. This is an increase from National Bank's previous quarterly dividend of $0.31. National Bank's payout ratio is currently 43.51%.
Institutional Trading of National Bank
A number of large investors have recently added to or reduced their stakes in the company. Jane Street Group LLC raised its holdings in shares of National Bank by 193.3% during the 4th quarter. Jane Street Group LLC now owns 52,916 shares of the financial services provider's stock worth $2,011,000 after acquiring an additional 34,877 shares in the last quarter. New York State Common Retirement Fund increased its position in National Bank by 99.5% in the fourth quarter. New York State Common Retirement Fund now owns 112,483 shares of the financial services provider's stock worth $4,275,000 after purchasing an additional 56,110 shares during the last quarter. Swiss National Bank raised its stake in National Bank by 0.9% during the fourth quarter. Swiss National Bank now owns 74,600 shares of the financial services provider's stock valued at $2,836,000 after purchasing an additional 700 shares in the last quarter. Meeder Asset Management Inc. bought a new position in National Bank during the fourth quarter valued at $48,000. Finally, Empowered Funds LLC lifted its position in National Bank by 4.4% during the fourth quarter. Empowered Funds LLC now owns 151,699 shares of the financial services provider's stock valued at $5,766,000 after purchasing an additional 6,446 shares during the last quarter. Institutional investors own 92.65% of the company's stock.
Wall Street Analysts Forecast Growth
Several equities analysts have recently commented on NBHC shares. Zacks Research upgraded National Bank from a "strong sell" rating to a "hold" rating in a research report on Monday, December 22nd. DA Davidson reissued a "buy" rating and set a $46.00 target price on shares of National Bank in a research note on Wednesday, January 28th. Stephens upgraded National Bank from an "equal weight" rating to an "overweight" rating and set a $42.00 price target for the company in a research note on Monday, November 10th. Wall Street Zen lowered shares of National Bank from a "hold" rating to a "sell" rating in a report on Saturday, January 31st. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of National Bank in a report on Thursday, January 22nd. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $44.75.
Check Out Our Latest Stock Report on National Bank
National Bank Company Profile
(
Get Free Report)
National Bank Holdings Corporation (NYSE: NBHC) is a diversified financial services holding company headquartered in Cape Girardeau, Missouri. Through its network of community bank subsidiaries, the company provides deposit, lending and payment solutions to consumer, small business and commercial clients across multiple U.S. markets.
Since its founding in 1992, National Bank Holdings has pursued a growth strategy focused on acquiring and integrating locally branded community banks. Its footprint spans the Midwest and Southern United States, including Missouri, Kansas, Oklahoma, Texas, Colorado, Illinois and Tennessee.
Further Reading
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].