Insider Selling: National Bank Holdings Co. (NYSE:NBHC) Insider Sells 1,275 Shares of Stock

National Bank Holdings Co. (NYSE:NBHC) insider Valerie D. Kramer sold 1,275 shares of the stock in a transaction on Friday, November 8th. The shares were sold at an average price of $49.62, for a total value of $63,265.50. Following the sale, the insider now owns 10,652 shares of the company’s stock, valued at approximately $528,552.24. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

National Bank Trading Down 1.9 %

NYSE NBHC traded down $0.94 during mid-day trading on Tuesday, reaching $49.18. 308,341 shares of the stock were exchanged, compared to its average volume of 202,949. The stock has a market capitalization of $1.86 billion, a PE ratio of 15.26 and a beta of 0.84. The business’s fifty day simple moving average is $43.09 and its 200 day simple moving average is $40.32. National Bank Holdings Co. has a 1-year low of $31.25 and a 1-year high of $51.76. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.92 and a current ratio of 0.92.

National Bank (NYSE:NBHC) last posted its earnings results on Tuesday, October 22nd. The financial services provider reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.10. National Bank had a net margin of 20.52% and a return on equity of 9.93%. The business had revenue of $156.39 million for the quarter, compared to analyst estimates of $102.32 million. During the same quarter in the previous year, the business posted $0.94 EPS. On average, research analysts anticipate 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 disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be given a dividend of $0.29 per share. 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. This is an increase from National Bank’s previous quarterly dividend of $0.28. National Bank’s dividend payout ratio is currently 35.91%.

Institutional Trading of National Bank

A number of institutional investors have recently made changes to their positions in NBHC. Charles Schwab Investment Management Inc. raised its holdings in shares of National Bank by 0.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 355,487 shares of the financial services provider’s stock valued at $14,966,000 after acquiring an additional 2,209 shares during the period. Intech Investment Management LLC boosted its holdings in National Bank by 115.6% in the 3rd quarter. Intech Investment Management LLC now owns 17,602 shares of the financial services provider’s stock valued at $741,000 after purchasing an additional 9,438 shares during the period. Natixis Advisors LLC raised its stake in shares of National Bank by 17.6% in the 3rd quarter. Natixis Advisors LLC now owns 35,068 shares of the financial services provider’s stock valued at $1,476,000 after buying an additional 5,252 shares in the last quarter. Squire Investment Management Company LLC acquired a new stake in shares of National Bank during the 3rd quarter worth about $4,496,000. Finally, Empowered Funds LLC boosted its stake in shares of National Bank by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 122,894 shares of the financial services provider’s stock valued at $5,174,000 after purchasing an additional 6,164 shares during the last quarter. 92.65% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on NBHC shares. Hovde Group raised their target price on National Bank from $50.00 to $51.00 and gave the stock an “outperform” rating in a research note on Monday, October 28th. Piper Sandler raised their target price on National Bank from $44.00 to $48.00 and gave the company a “neutral” rating in a research report on Thursday, October 24th. StockNews.com lowered shares of National Bank from a “hold” rating to a “sell” rating in a research note on Wednesday, July 24th. Keefe, Bruyette & Woods raised their price target on shares of National Bank from $39.00 to $45.00 and gave the company a “market perform” rating in a research note on Monday, July 29th. Finally, DA Davidson raised their price target on shares of National Bank from $51.00 to $53.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. 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. Based on data from MarketBeat.com, National Bank has an average rating of “Hold” and an average price target of $49.20.

National Bank Company Profile

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.