National Bank Holdings Co. (NYSE:NBHC) Insider Valerie D. Kramer Sells 1,275 Shares

National Bank Holdings Co. (NYSE:NBHC) insider Valerie D. Kramer sold 1,275 shares of the company’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $49.62, for a total value of $63,265.50. Following the sale, the insider now owns 10,652 shares in the company, valued at approximately $528,552.24. This 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 is available at this hyperlink.

National Bank Stock Performance

Shares of NYSE NBHC opened at $49.18 on Wednesday. The stock’s 50-day moving average is $43.09 and its 200 day moving average is $40.32. The stock has a market cap of $1.86 billion, a price-to-earnings ratio of 15.23 and a beta of 0.84. National Bank Holdings Co. has a 1-year low of $31.25 and a 1-year high of $51.76. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.04.

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, topping the consensus estimate of $0.76 by $0.10. The firm had revenue of $156.39 million for the quarter, compared to the consensus estimate of $102.32 million. National Bank had a net margin of 20.52% and a return on equity of 9.93%. During the same period last year, the firm posted $0.94 earnings per share. On average, sell-side analysts anticipate that National Bank Holdings Co. will post 3.18 EPS for the current fiscal year.

National Bank Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be paid a $0.29 dividend. The ex-dividend date of this dividend is Friday, November 29th. This is an increase from National Bank’s previous quarterly dividend of $0.28. This represents a $1.16 annualized dividend and a yield of 2.36%. National Bank’s payout ratio is currently 34.67%.

Institutional Trading of National Bank

Institutional investors have recently added to or reduced their stakes in the business. 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 acquiring an additional 176,375 shares during the last quarter. Westwood Holdings Group Inc. boosted its stake in shares of National Bank by 2.1% during the first 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 grew its holdings 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 worth $76,152,000 after purchasing an additional 167,711 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in shares of National Bank by 87.6% in the first quarter. Russell Investments Group Ltd. now owns 478,748 shares of the financial services provider’s stock worth $17,268,000 after purchasing an additional 223,505 shares during the last quarter. Finally, Natixis Advisors LLC increased its stake in shares of National Bank by 99.2% in the second quarter. Natixis Advisors LLC now owns 29,816 shares of the financial services provider’s stock worth $1,164,000 after buying an additional 14,850 shares during the period. 92.65% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of 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. Piper Sandler increased their price objective on National Bank from $44.00 to $48.00 and gave the stock a “neutral” rating in a research report on Thursday, October 24th. Hovde Group boosted their target price on National Bank from $50.00 to $51.00 and gave the stock an “outperform” rating in a research report on Monday, October 28th. Keefe, Bruyette & Woods raised their price target on National Bank from $39.00 to $45.00 and gave the company a “market perform” rating in a report on Monday, July 29th. Finally, DA Davidson lifted their target price on shares of National Bank from $51.00 to $53.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock 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.