National Bank Holdings Co. (NYSE:NBHC) Insider Richard U. Jr. Newfield Sells 19,259 Shares

National Bank Holdings Co. (NYSE:NBHC) insider Richard U. Jr. Newfield sold 19,259 shares of the business’s stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $49.81, for a total value of $959,290.79. Following the completion of the transaction, the insider now owns 143,210 shares in the company, valued at $7,133,290.10. This trade represents a 11.85 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

National Bank Stock Performance

National Bank stock traded down $0.03 during trading hours on Friday, hitting $48.54. The stock had a trading volume of 229,024 shares, compared to its average volume of 203,065. The company has a 50-day moving average of $43.44 and a two-hundred day moving average of $40.54. 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 cap of $1.84 billion, a PE ratio of 15.04 and a beta of 0.84. National Bank Holdings Co. has a fifty-two week low of $32.13 and a fifty-two week high of $51.76.

National Bank (NYSE:NBHC) last posted its quarterly earnings results on Tuesday, October 22nd. The financial services provider reported $0.86 EPS for the quarter, beating the consensus estimate of $0.76 by $0.10. The firm had revenue of $156.39 million during the quarter, compared to analysts’ expectations of $102.32 million. National Bank had a return on equity of 9.93% and a net margin of 20.52%. During the same quarter in the prior year, the firm posted $0.94 EPS. On average, equities research analysts anticipate that National Bank Holdings Co. will post 3.18 EPS for the current fiscal year.

National Bank Increases Dividend

The company also recently disclosed 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%. This is a positive change from National Bank’s previous quarterly dividend of $0.28. The ex-dividend date is Friday, November 29th. National Bank’s dividend payout ratio (DPR) is presently 34.67%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Boston Partners lifted its stake in shares of National Bank by 743.6% in the 1st quarter. Boston Partners now owns 200,094 shares of the financial services provider’s stock valued at $7,211,000 after purchasing an additional 176,375 shares during the period. Westwood Holdings Group Inc. lifted its stake in shares of 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 valued at $33,730,000 after purchasing an additional 19,016 shares during the period. Dimensional Fund Advisors LP raised its stake in National Bank by 9.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,950,210 shares of the financial services provider’s stock worth $76,152,000 after buying an additional 167,711 shares during the period. Russell Investments Group Ltd. lifted its holdings in 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 acquiring an additional 223,505 shares in the last quarter. Finally, Natixis Advisors LLC grew its stake in National Bank by 99.2% in the second quarter. Natixis Advisors LLC now owns 29,816 shares of the financial services provider’s stock valued at $1,164,000 after acquiring an additional 14,850 shares during the period. 92.65% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. StockNews.com downgraded National Bank from a “hold” rating to a “sell” rating in a research note on Wednesday, July 24th. Stephens boosted their target price on National Bank from $46.00 to $49.00 and gave the company an “equal weight” rating in a research note on Thursday, October 24th. Piper Sandler boosted their price target on National Bank from $44.00 to $48.00 and gave the stock a “neutral” rating in a research report on Thursday, October 24th. 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, Hovde Group boosted their price target on National Bank from $50.00 to $51.00 and gave the stock an “outperform” rating in a research report on Monday, October 28th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $49.20.

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.