Insider Selling: National Bank Holdings Co. (NYSE:NBHC) Insider Sells 725 Shares of Stock

National Bank Holdings Co. (NYSE:NBHC) insider Valerie D. Kramer sold 725 shares of the company’s stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $40.17, for a total value of $29,123.25. Following the completion of the sale, the insider now owns 10,398 shares in the company, valued at approximately $417,687.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

National Bank Trading Up 1.6 %

Shares of NYSE:NBHC traded up $0.65 during mid-day trading on Thursday, reaching $40.57. 228,965 shares of the company’s stock were exchanged, compared to its average volume of 203,814. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.93 and a current ratio of 0.93. The firm has a market capitalization of $1.53 billion, a price-to-earnings ratio of 11.77 and a beta of 0.86. The business’s fifty day moving average price is $39.67 and its 200-day moving average price is $36.43. National Bank Holdings Co. has a twelve month low of $28.38 and a twelve month high of $46.51.

National Bank (NYSE:NBHC) last posted its quarterly earnings data on Tuesday, July 23rd. The financial services provider reported $0.68 EPS for the quarter, missing the consensus estimate of $0.74 by ($0.06). The firm had revenue of $99.31 million during the quarter, compared to analysts’ expectations of $102.96 million. National Bank had a net margin of 21.40% and a return on equity of 10.44%. The company’s quarterly revenue was down 5.5% on a year-over-year basis. During the same quarter last year, the business posted $0.85 EPS. On average, research analysts predict that National Bank Holdings Co. will post 2.99 EPS for the current fiscal year.

National Bank Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Friday, August 30th will be paid a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.76%. The ex-dividend date of this dividend is Friday, August 30th. National Bank’s payout ratio is 32.18%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the stock. Elizabeth Park Capital Advisors Ltd. bought a new position in National Bank in the 4th quarter valued at $2,408,000. Vanguard Group Inc. boosted its holdings in shares of National Bank by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 4,220,345 shares of the financial services provider’s stock worth $156,955,000 after purchasing an additional 25,349 shares during the last quarter. Dimensional Fund Advisors LP raised its position in National Bank by 5.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,678,537 shares of the financial services provider’s stock valued at $62,426,000 after purchasing an additional 79,519 shares during the period. Hsbc Holdings PLC grew its stake in shares of National Bank by 1,015.3% during the fourth quarter. Hsbc Holdings PLC now owns 235,268 shares of the financial services provider’s stock worth $8,754,000 after purchasing an additional 214,174 shares in the last quarter. Finally, Boston Partners increased its stake in National Bank by 743.6% in the first quarter. Boston Partners now owns 200,094 shares of the financial services provider’s stock valued at $7,211,000 after purchasing an additional 176,375 shares during the period. 92.65% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on NBHC. StockNews.com cut National Bank from a “hold” rating to a “sell” rating in a report on Wednesday, July 24th. DA Davidson upped their target price on National Bank from $42.00 to $45.00 and gave the company a “buy” rating in a report on Tuesday, July 2nd. Hovde Group upped their price target on National Bank from $42.00 to $50.00 and gave the stock an “outperform” rating in a research note on Friday, July 26th. Keefe, Bruyette & Woods raised their price objective on 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, Piper Sandler downgraded National Bank from an “overweight” rating to a “neutral” rating and lifted their target price for the company from $42.00 to $46.00 in a research note on Thursday, July 25th. 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 company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $46.40.

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.