National Bank Holdings Corporation (NYSE:NBHC - Get Free Report) Director Art Zeile sold 4,000 shares of the firm's stock in a transaction that occurred on Friday, October 30th. The stock was sold at an average price of $37.43, for a total transaction of $149,720.00. Following the sale, the director owned 15,816 shares of the company's stock, valued at approximately $591,992.88. This represents a 20.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
National Bank Stock Performance
Shares of NBHC opened at $37.50 on Wednesday. The company has a market capitalization of $1.67 billion, a PE ratio of 29.77 and a beta of 0.83. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.96 and a current ratio of 0.96. The company's 50 day moving average price is $39.55 and its 200 day moving average price is $41.30. National Bank Holdings Corporation has a 52 week low of $35.47 and a 52 week high of $47.28.
National Bank (NYSE:NBHC - Get Free Report) last released its earnings results on Tuesday, October 27th. The financial services provider reported $0.06 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.79 by ($0.73). National Bank had a return on equity of 5.90% and a net margin of 8.02%. The company had revenue of $126.44 million during the quarter, compared to analysts' expectations of $134.81 million. During the same quarter in the previous year, the company earned $0.92 EPS. Research analysts expect that National Bank Holdings Corporation will post 2.75 EPS for the current fiscal year.
Wall Street Analyst Weigh In
A number of equities analysts have recently weighed in on NBHC shares. Stephens dropped their price target on shares of National Bank from $44.00 to $39.00 and set an "equal weight" rating on the stock in a research note on Monday. Zacks Research upgraded National Bank from a "strong sell" rating to a "hold" rating in a report on Monday, October 5th. DA Davidson reduced their price objective on National Bank from $45.00 to $43.00 and set a "buy" rating for the company in a research report on Monday, October 5th. Piper Sandler reduced their price objective on National Bank from $49.00 to $45.00 and set an "overweight" rating for the company in a research report on Thursday, October 15th. Finally, Weiss Ratings downgraded National Bank from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Monday, October 19th. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $42.33.
Check Out Our Latest Stock Analysis on National Bank
Hedge Funds Weigh In On National Bank
A number of hedge funds have recently added to or reduced their stakes in NBHC. Nykredit A S bought a new position in National Bank during the second quarter valued at approximately $34,000. Versant Capital Management Inc lifted its stake in National Bank by 108.7% in the third quarter. Versant Capital Management Inc now owns 887 shares of the financial services provider's stock valued at $35,000 after acquiring an additional 462 shares during the last quarter. Integrated Wealth Concepts LLC acquired a new stake in National Bank in the second quarter valued at approximately $90,000. Arrowstreet Capital Limited Partnership bought a new stake in National Bank in the first quarter worth approximately $219,000. Finally, Pictet Asset Management Holding SA bought a new stake in National Bank in the first quarter worth approximately $221,000. Institutional investors and hedge funds own 92.65% of the company's stock.
National Bank Company Profile
(
Get Free Report)
National Bank Holdings Corporation (NYSE: NBHC) is a bank holding company that operates through its principal subsidiary, NBH Bank. The company provides community banking services to businesses, individuals and institutions, with a focus on relationship-based banking and local market expertise.
NBH Bank offers a range of financial products and services, including commercial and small-business loans, consumer lending, residential real estate financing, business and personal deposit accounts, treasury management, online and mobile banking, and wealth management services.
Further Reading
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