Richard U. Jr. Newfield Sells 19,259 Shares of National Bank Holdings Co. (NYSE:NBHC) Stock

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

National Bank Trading Up 0.0 %

Shares of NBHC opened at $48.58 on Friday. The firm has a market cap of $1.84 billion, a price-to-earnings ratio of 15.04 and a beta of 0.84. 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 Holdings Co. has a fifty-two week low of $32.13 and a fifty-two week high of $51.76. The firm has a 50 day moving average price of $43.59 and a 200-day moving average price of $40.65.

National Bank (NYSE:NBHC) last posted its quarterly earnings results on Tuesday, October 22nd. The financial services provider reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.76 by $0.10. National Bank had a net margin of 20.52% and a return on equity of 9.93%. The company had revenue of $156.39 million during the quarter, compared to analyst estimates of $102.32 million. During the same period in the prior year, the business posted $0.94 EPS. As a group, equities research analysts forecast that National Bank Holdings Co. will post 3.18 earnings per share for the current year.

National Bank Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be issued a dividend of $0.29 per share. This is a positive change from National Bank’s previous quarterly dividend of $0.28. This represents a $1.16 dividend on an annualized basis and a yield of 2.39%. The ex-dividend date of this dividend is Friday, November 29th. National Bank’s dividend payout ratio is currently 35.91%.

Institutional Investors Weigh In On National Bank

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

Analysts Set New Price Targets

NBHC has been the subject of several recent analyst reports. StockNews.com cut shares of National Bank from a “hold” rating to a “sell” rating in a research note on Wednesday, July 24th. Stephens boosted their price target on shares of National Bank from $46.00 to $49.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 24th. Hovde Group boosted their price target on shares of National Bank from $50.00 to $51.00 and gave the stock an “outperform” rating in a research note on Monday, October 28th. DA Davidson boosted their price target on shares of National Bank from $51.00 to $53.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Finally, Keefe, Bruyette & Woods boosted their price target on shares of National Bank from $39.00 to $45.00 and gave the stock a “market perform” rating in a research note on Monday, July 29th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $49.20.

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.