National Bank Holdings Co. (NYSE:NBHC) Insider Sells $959,290.79 in Stock

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

National Bank Stock Performance

Shares of National Bank stock traded down $0.03 on Friday, reaching $48.54. 229,024 shares of the company were exchanged, compared to its average volume of 203,065. 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’s 50-day moving average is $43.44 and its two-hundred day moving average is $40.54. The firm has a market cap of $1.84 billion, a price-to-earnings ratio of 15.04 and a beta of 0.84. National Bank Holdings Co. has a 1-year low of $32.13 and a 1-year high of $51.76.

National Bank (NYSE:NBHC) last announced its quarterly 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 business had revenue of $156.39 million for the quarter, compared to analysts’ expectations of $102.32 million. National Bank had a return on equity of 9.93% and a net margin of 20.52%. During the same period in the prior year, the firm earned $0.94 EPS. As a group, research analysts expect 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. Investors of record on Friday, November 29th will be given a $0.29 dividend. This is a boost from National Bank’s previous quarterly dividend of $0.28. This represents a $1.16 annualized dividend and a yield of 2.39%. The ex-dividend date of this dividend is Friday, November 29th. National Bank’s dividend payout ratio (DPR) is currently 34.67%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on NBHC. Stephens increased their target price on National Bank from $46.00 to $49.00 and gave the company an “equal weight” rating in a research note on Thursday, October 24th. DA Davidson increased their price target on National Bank from $51.00 to $53.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Piper Sandler increased their price target on 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 National Bank from a “hold” rating to a “sell” rating in a report on Wednesday, July 24th. Finally, Keefe, Bruyette & Woods increased their target price on National Bank from $39.00 to $45.00 and gave the stock a “market perform” rating in a report on Monday, July 29th. One 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’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $49.20.

Institutional Trading of National Bank

Several large investors have recently added to or reduced their stakes in NBHC. Innealta Capital LLC acquired a new position in shares of National Bank during the 2nd quarter valued at $41,000. Meeder Asset Management Inc. acquired a new position in shares of National Bank during the 2nd quarter valued at $52,000. Assetmark Inc. acquired a new position in shares of National Bank during the 3rd quarter valued at $71,000. Atria Investments Inc acquired a new position in shares of National Bank during the 3rd quarter valued at $202,000. Finally, Choreo LLC acquired a new position in shares of National Bank during the 2nd quarter valued at $209,000. 92.65% of the stock is currently owned by institutional investors and hedge funds.

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.