John Steinmetz Acquires 24,200 Shares of National Bank (NYSE:NBHC) Stock

National Bank Holdings Corporation (NYSE:NBHC) insider John Steinmetz bought 24,200 shares of the stock in a transaction that occurred on Wednesday, February 11th. The stock was acquired at an average price 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 $22,216,630.64. This trade represents a 4.72% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

National Bank Trading Up 2.7%

NYSE:NBHC opened at $41.85 on Friday. The stock has a market cap of $1.58 billion, a price-to-earnings ratio of 14.68 and a beta of 0.81. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.93 and a current ratio of 0.94. National Bank Holdings Corporation has a 1 year low of $32.83 and a 1 year high of $43.53. The business has a fifty day moving average of $40.04 and a 200-day moving average of $38.54.

National Bank (NYSE:NBHC) last posted its quarterly earnings data 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 company had revenue of $100.64 million during the quarter, compared to analyst estimates of $107.48 million. National Bank had a return on equity of 8.65% and a net margin of 18.66%.During the same period in the previous year, the company earned $0.86 EPS. Equities analysts predict that National Bank Holdings Corporation will post 3.31 earnings per share 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 dividend of $0.32 per share. The ex-dividend date of this dividend is Friday, February 27th. This is a positive change from National Bank’s previous quarterly dividend of $0.31. This represents a $1.28 annualized dividend and a yield of 3.1%. National Bank’s dividend payout ratio is presently 43.51%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on NBHC. DA Davidson restated a “buy” rating and issued a $46.00 price objective on shares of National Bank in a report on Wednesday, January 28th. Wall Street Zen lowered shares of National Bank from a “hold” rating to a “sell” rating in a research report on Saturday, January 31st. Stephens upgraded shares of National Bank from an “equal weight” rating to an “overweight” rating and set a $42.00 target price on the stock in a report on Monday, November 10th. Zacks Research upgraded shares of National Bank from a “strong sell” rating to a “hold” rating in a report on Monday, December 22nd. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of National Bank in a report on Thursday, January 22nd. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $44.75.

Institutional Trading of National Bank

Several large investors have recently added to or reduced their stakes in the company. Deprince Race & Zollo Inc. raised its position in National Bank by 215.4% during the fourth quarter. Deprince Race & Zollo Inc. now owns 1,162,432 shares of the financial services provider’s stock valued at $44,184,000 after buying an additional 793,902 shares during the period. Assenagon Asset Management S.A. purchased a new stake in shares of National Bank in the third quarter worth approximately $25,869,000. Millennium Management LLC boosted its holdings in shares of National Bank by 2,057.9% during the first quarter. Millennium Management LLC now owns 199,453 shares of the financial services provider’s stock worth $7,633,000 after purchasing an additional 190,210 shares during the period. Two Sigma Investments LP increased its stake in National Bank by 146.3% in the 3rd quarter. Two Sigma Investments LP now owns 304,987 shares of the financial services provider’s stock valued at $11,785,000 after buying an additional 181,137 shares during the period. Finally, Endeavour Capital Advisors Inc. purchased a new stake in National Bank in the 4th quarter worth approximately $6,659,000. 92.65% of the stock is owned by institutional investors and hedge funds.

National Bank Company Profile

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.