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 business’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $50.11, for a total transaction of $44,948.67. Following the sale, the insider now owns 9,755 shares of the company’s stock, valued at approximately $488,823.05. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

National Bank Price Performance

NBHC stock opened at $48.56 on Thursday. National Bank Holdings Co. has a 52-week low of $32.13 and a 52-week high of $51.76. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $1.84 billion, a PE ratio of 15.04 and a beta of 0.84. The stock’s 50 day moving average is $43.21 and its two-hundred day moving average is $40.43.

National Bank (NYSE:NBHC) last issued its earnings results on Tuesday, October 22nd. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.76 by $0.10. National Bank had a net margin of 20.52% and a return on equity of 9.93%. The business had revenue of $156.39 million for the quarter, compared to analyst estimates of $102.32 million. During the same quarter in the prior year, the business posted $0.94 EPS. Analysts predict that National Bank Holdings Co. will post 3.18 earnings per share for the current fiscal 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 paid a dividend of $0.29 per share. This is a positive change from National Bank’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.16 annualized dividend and a yield of 2.39%. National Bank’s payout ratio is presently 34.67%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. StockNews.com lowered shares of 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 $51.00 to $53.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Hovde Group raised their target price on National Bank from $50.00 to $51.00 and gave the company an “outperform” rating in a report on Monday, October 28th. Keefe, Bruyette & Woods boosted their price target on National Bank from $39.00 to $45.00 and gave the stock a “market perform” rating in a research report on Monday, July 29th. Finally, Piper Sandler increased their price objective on shares of National Bank from $44.00 to $48.00 and gave the company a “neutral” rating in a research report on Thursday, October 24th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $49.20.

Institutional Trading of National Bank

A number of institutional investors and hedge funds have recently modified their holdings of NBHC. Victory Capital Management Inc. lifted its holdings in National Bank by 12,407.1% in the second 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. lifted its holdings in shares of National Bank by 194.7% in the 2nd quarter. Principal Financial Group Inc. now owns 577,793 shares of the financial services provider’s stock worth $22,563,000 after purchasing an additional 381,754 shares during the last quarter. American Century Companies Inc. boosted its position in National Bank by 154.8% during the 2nd quarter. American Century Companies Inc. now owns 377,929 shares of the financial services provider’s stock valued at $14,758,000 after purchasing an additional 229,630 shares during the period. Russell Investments Group Ltd. grew its stake in National Bank by 87.6% during the 1st quarter. Russell Investments Group Ltd. now owns 478,748 shares of the financial services provider’s stock worth $17,268,000 after buying an additional 223,505 shares during the last quarter. Finally, Boston Partners increased its position in National Bank by 743.6% in 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 during the period. 92.65% of the stock is owned by institutional investors and hedge funds.

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.