National Bank Holdings Corp (NYSE:NBHC) Director Maria F. Spring sold 19,333 shares of National Bank stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $34.00, for a total value of $657,322.00. Following the completion of the transaction, the director now directly owns 50,828 shares in the company, valued at $1,728,152. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
NBHC traded up $0.29 during trading hours on Tuesday, reaching $35.59. 218,100 shares of the stock traded hands, compared to its average volume of 127,257. National Bank Holdings Corp has a fifty-two week low of $29.26 and a fifty-two week high of $40.66. The company has a market cap of $1.00 billion, a price-to-earnings ratio of 16.48, a PEG ratio of 1.32 and a beta of 1.08. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.94 and a quick ratio of 0.92. The firm’s fifty day simple moving average is $33.85 and its two-hundred day simple moving average is $35.16.
National Bank (NYSE:NBHC) last issued its quarterly earnings data on Tuesday, July 23rd. The financial services provider reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.02. The firm had revenue of $73.15 million for the quarter, compared to analyst estimates of $72.64 million. National Bank had a net margin of 24.37% and a return on equity of 10.60%. During the same quarter in the previous year, the business posted $0.56 EPS. On average, research analysts predict that National Bank Holdings Corp will post 2.43 earnings per share for the current year.
A number of analysts recently issued reports on the stock. ValuEngine downgraded shares of National Bank from a “hold” rating to a “sell” rating in a research report on Wednesday, July 17th. Zacks Investment Research lowered shares of National Bank from a “buy” rating to a “hold” rating in a research note on Wednesday, July 31st.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. BlackRock Inc. increased its stake in shares of National Bank by 3.7% in the second quarter. BlackRock Inc. now owns 4,166,442 shares of the financial services provider’s stock worth $151,243,000 after buying an additional 147,626 shares during the last quarter. Vanguard Group Inc. grew its holdings in National Bank by 0.9% during the 2nd quarter. Vanguard Group Inc. now owns 2,784,763 shares of the financial services provider’s stock worth $101,087,000 after acquiring an additional 23,933 shares in the last quarter. Russell Investments Group Ltd. grew its holdings in National Bank by 22.0% during the 2nd quarter. Russell Investments Group Ltd. now owns 956,322 shares of the financial services provider’s stock worth $34,707,000 after acquiring an additional 172,460 shares in the last quarter. Nuveen Asset Management LLC bought a new stake in shares of National Bank in the 2nd quarter worth about $16,313,000. Finally, Boston Partners increased its position in shares of National Bank by 4.3% in the 2nd quarter. Boston Partners now owns 424,087 shares of the financial services provider’s stock worth $15,394,000 after purchasing an additional 17,560 shares during the last quarter. 94.24% 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, N.A. that provides various banking products and financial services to commercial, business, and consumer clients in the United States. The company offers deposit products, including checking accounts, savings accounts, money market accounts, and other deposit accounts, including fixed-rate and fixed maturity time deposits.
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