National Bank (NYSE:NBHC) Shares Gap Down – Here’s What Happened

National Bank Holdings Co. (NYSE:NBHC) shares gapped down prior to trading on Monday . The stock had previously closed at $44.55, but opened at $43.34. National Bank shares last traded at $43.42, with a volume of 9,830 shares trading hands.

Analysts Set New Price Targets

NBHC has been the subject of several recent analyst reports. Hovde Group increased their price target on National Bank from $42.00 to $50.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. Keefe, Bruyette & Woods lifted their price target on shares of National Bank from $39.00 to $45.00 and gave the company a “market perform” rating in a research note on Monday, July 29th. Piper Sandler downgraded shares of National Bank from an “overweight” rating to a “neutral” rating and increased their price objective for the stock from $42.00 to $46.00 in a research report on Thursday, July 25th. Stephens boosted their price objective on shares of National Bank from $38.00 to $46.00 and gave the company an “equal weight” rating in a research report on Thursday, July 25th. Finally, DA Davidson increased their target price on National Bank from $42.00 to $45.00 and gave the stock a “buy” rating in a report on Tuesday, July 2nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $46.40.

National Bank Stock Performance

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 company has a market capitalization of $1.58 billion, a P/E ratio of 12.03 and a beta of 0.85. The stock’s fifty day moving average price is $41.94 and its 200-day moving average price is $39.06.

National Bank (NYSE:NBHC) last released its quarterly earnings data on Tuesday, July 23rd. The financial services provider reported $0.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.74 by ($0.06). The business had revenue of $99.31 million during the quarter, compared to the consensus estimate of $102.96 million. National Bank had a net margin of 21.40% and a return on equity of 10.44%. National Bank’s quarterly revenue was down 5.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.85 EPS. As a group, research analysts anticipate that National Bank Holdings Co. will post 3.03 EPS for the current fiscal year.

National Bank Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 2.67%. The ex-dividend date of this dividend was Friday, August 30th. National Bank’s dividend payout ratio is 32.18%.

Insider Buying and Selling at National Bank

In related news, insider Valerie D. Kramer sold 725 shares of National Bank stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $40.17, for a total transaction of $29,123.25. Following the completion of the sale, the insider now owns 10,398 shares of the company’s stock, valued at approximately $417,687.66. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, Director Patrick G. Sobers sold 18,738 shares of the firm’s stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $43.10, for a total transaction of $807,607.80. Following the transaction, the director now directly owns 20,788 shares of the company’s stock, valued at approximately $895,962.80. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Valerie D. Kramer sold 725 shares of the stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $40.17, for a total transaction of $29,123.25. Following the sale, the insider now owns 10,398 shares in the company, valued at $417,687.66. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 103,192 shares of company stock worth $4,431,998 over the last ninety days. Insiders own 3.10% of the company’s stock.

Institutional Investors Weigh In On National Bank

Several institutional investors and hedge funds have recently added to or reduced their stakes in NBHC. Vanguard Group Inc. raised 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 buying an additional 25,349 shares in the last quarter. Boston Partners increased its holdings in shares of National Bank by 743.6% during the first quarter. Boston Partners now owns 200,094 shares of the financial services provider’s stock worth $7,211,000 after buying an additional 176,375 shares in the last quarter. Westwood Holdings Group Inc. increased its holdings in National Bank by 2.1% in the 1st quarter. Westwood Holdings Group Inc. now owns 935,119 shares of the financial services provider’s stock worth $33,730,000 after purchasing an additional 19,016 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of National Bank by 9.4% in the second quarter. Dimensional Fund Advisors LP now owns 1,950,210 shares of the financial services provider’s stock valued at $76,152,000 after buying an additional 167,711 shares during the period. Finally, Russell Investments Group Ltd. raised its position in shares of National Bank by 87.6% in the 1st quarter. Russell Investments Group Ltd. now owns 478,748 shares of the financial services provider’s stock worth $17,268,000 after acquiring an additional 223,505 shares in the last quarter. 92.65% of the stock is currently owned by institutional investors.

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.