Valerie D. Kramer Sells 897 Shares of National Bank Holdings Co. (NYSE:NBHC) Stock

National Bank Holdings Co. (NYSE:NBHC) insider Valerie D. Kramer sold 897 shares of the firm’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $50.11, for a total value of $44,948.67. Following the sale, the insider now directly owns 9,755 shares of the company’s stock, valued at $488,823.05. This represents a 8.42 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

National Bank Price Performance

Shares of NBHC opened at $48.57 on Friday. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $1.84 billion, a PE ratio of 15.04 and a beta of 0.84. The firm’s 50 day moving average is $43.32 and its 200-day moving average is $40.49. National Bank Holdings Co. has a 12 month low of $32.13 and a 12 month high of $51.76.

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

National Bank Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be given a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 2.39%. The ex-dividend date is Friday, November 29th. This is a boost from National Bank’s previous quarterly dividend of $0.28. National Bank’s payout ratio is currently 34.67%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on NBHC. Stephens raised their target price 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. DA Davidson raised their price objective on shares of National Bank from $51.00 to $53.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Piper Sandler upped 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. 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 research note on Monday, July 29th. Finally, StockNews.com downgraded National Bank from a “hold” rating to a “sell” rating in a research note on Wednesday, July 24th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $49.20.

Hedge Funds Weigh In On National Bank

A number of institutional investors have recently added to or reduced their stakes in NBHC. Victory Capital Management Inc. grew its position in National Bank by 12,407.1% during the 2nd quarter. Victory Capital Management Inc. now owns 1,824,912 shares of the financial services provider’s stock worth $71,263,000 after acquiring an additional 1,810,321 shares during the last quarter. Principal Financial Group Inc. boosted its stake in shares of National Bank by 194.7% during the second quarter. Principal Financial Group Inc. now owns 577,793 shares of the financial services provider’s stock valued at $22,563,000 after purchasing an additional 381,754 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of National Bank by 154.8% during the second quarter. American Century Companies Inc. now owns 377,929 shares of the financial services provider’s stock worth $14,758,000 after purchasing an additional 229,630 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in shares of National Bank by 87.6% during the first quarter. Russell Investments Group Ltd. now owns 478,748 shares of the financial services provider’s stock worth $17,268,000 after purchasing an additional 223,505 shares during the last quarter. Finally, Boston Partners increased its stake in shares of 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 buying an additional 176,375 shares during the period. 92.65% of the stock is currently owned by institutional investors and hedge funds.

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.