National Bank (NYSE:NBHC) Director Sells $149,720.00 in Stock

National Bank Holdings Corporation (NYSE:NBHC) Director Art Zeile sold 4,000 shares of the company’s stock in a transaction that occurred on Friday, October 30th. The shares were sold at an average price of $37.43, for a total value of $149,720.00. Following the transaction, the director directly owned 15,816 shares of the company’s stock, valued at $591,992.88. This trade represents a 20.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

National Bank Stock Down 2.5%

Shares of National Bank stock opened at $37.27 on Friday. The stock has a market capitalization of $1.66 billion, a price-to-earnings ratio of 29.58 and a beta of 0.83. National Bank Holdings Corporation has a twelve month low of $35.50 and a twelve month high of $47.28. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.20. The business’s 50 day simple moving average is $39.40 and its 200-day simple moving average is $41.27.

National Bank (NYSE:NBHC) last released its quarterly earnings data on Tuesday, October 27th. The financial services provider reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.73). The company had revenue of $126.44 million for the quarter, compared to analyst estimates of $134.81 million. National Bank had a net margin of 8.02% and a return on equity of 5.90%. During the same quarter in the prior year, the firm earned $0.92 EPS. Equities research analysts forecast that National Bank Holdings Corporation will post 2.75 earnings per share for the current year.

National Bank Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Friday, November 27th will be paid a $0.33 dividend. The ex-dividend date is Friday, November 27th. This is a positive change from National Bank’s previous quarterly dividend of $0.32. This represents a $1.32 dividend on an annualized basis and a yield of 3.5%. National Bank’s dividend payout ratio (DPR) is 101.59%.

Institutional Trading of National Bank

Hedge funds have recently added to or reduced their stakes in the business. North Reef Capital Management LP acquired a new stake in shares of National Bank in the 1st quarter worth approximately $12,545,000. ProShare Advisors LLC boosted its holdings in shares of National Bank by 3,598.6% in the third quarter. ProShare Advisors LLC now owns 231,164 shares of the financial services provider’s stock valued at $9,059,000 after acquiring an additional 224,914 shares in the last quarter. Hsbc Holdings PLC increased its stake in shares of National Bank by 1,188.0% during the fourth quarter. Hsbc Holdings PLC now owns 186,020 shares of the financial services provider’s stock valued at $7,071,000 after acquiring an additional 171,578 shares during the period. Empowered Funds LLC increased its stake in shares of National Bank by 30.9% during the first quarter. Empowered Funds LLC now owns 198,568 shares of the financial services provider’s stock valued at $7,776,000 after acquiring an additional 46,869 shares during the period. Finally, Bessemer Group Inc. increased its stake in shares of National Bank by 42.6% during the first quarter. Bessemer Group Inc. now owns 144,522 shares of the financial services provider’s stock valued at $5,660,000 after acquiring an additional 43,200 shares during the period. Institutional investors own 92.65% of the company’s stock.

Analyst Ratings Changes

NBHC has been the subject of several recent research reports. Piper Sandler lowered their price target on shares of National Bank from $49.00 to $45.00 and set an “overweight” rating for the company in a research report on Thursday, October 15th. Stephens cut their price objective on shares of National Bank from $44.00 to $39.00 and set an “equal weight” rating on the stock in a research report on Monday. Weiss Ratings downgraded shares of National Bank from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, October 19th. DA Davidson reduced their target price on shares of National Bank from $45.00 to $43.00 and set a “buy” rating for the company in a research note on Monday, October 5th. Finally, Zacks Research upgraded shares of National Bank from a “strong sell” rating to a “hold” rating in a research report on Monday, October 5th. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $42.33.

National Bank Company Profile

National Bank Holdings Corporation (NYSE: NBHC) is a bank holding company that operates through its principal subsidiary, NBH Bank. The company provides community banking services to businesses, individuals and institutions, with a focus on relationship-based banking and local market expertise.

NBH Bank offers a range of financial products and services, including commercial and small-business loans, consumer lending, residential real estate financing, business and personal deposit accounts, treasury management, online and mobile banking, and wealth management services.