National Bank (NYSE:NBHC) Shares Gap Down – Time to Sell?

National Bank Holdings Co. (NYSE:NBHC)’s stock price gapped down before the market opened 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 traded.

Wall Street Analyst Weigh In

NBHC has been the subject of a number of analyst reports. StockNews.com downgraded shares of National Bank from a “hold” rating to a “sell” rating in a research report on Wednesday, July 24th. DA Davidson upped their target price on National Bank from $42.00 to $45.00 and gave the company a “buy” rating in a research report on Tuesday, July 2nd. Keefe, Bruyette & Woods raised 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. Piper Sandler downgraded National Bank from an “overweight” rating to a “neutral” rating and boosted their price target for the company from $42.00 to $46.00 in a research note on Thursday, July 25th. Finally, Stephens increased their price objective on shares of National Bank from $38.00 to $46.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 25th. 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 MarketBeat, the company has an average rating of “Hold” and an average target price of $46.40.

National Bank Stock Performance

The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.07. The company has a market cap of $1.59 billion, a P/E ratio of 12.07 and a beta of 0.85. The company has a 50 day moving average price of $41.86 and a 200-day moving average price of $38.96.

National Bank (NYSE:NBHC) last issued its earnings results on Tuesday, July 23rd. The financial services provider reported $0.68 EPS for the quarter, missing the consensus estimate of $0.74 by ($0.06). The business had revenue of $99.31 million for the quarter, compared to analyst estimates of $102.96 million. National Bank had a return on equity of 10.44% and a net margin of 21.40%. The firm’s revenue was down 5.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.85 EPS. On average, equities analysts expect that National Bank Holdings Co. will post 3.03 earnings per share for the current fiscal year.

National Bank Dividend Announcement

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

Insider Transactions at National Bank

In related news, Director Patrick G. Sobers sold 18,738 shares of the firm’s stock in a transaction on Friday, July 26th. The stock was sold at an average price of $43.10, for a total transaction of $807,607.80. Following the sale, the director now owns 20,788 shares of the company’s stock, valued at $895,962.80. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related 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 value of $807,607.80. Following the completion of the transaction, the director now owns 20,788 shares in the company, valued at $895,962.80. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Art Zeile sold 3,875 shares of National Bank stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $41.27, for a total transaction of $159,921.25. Following the sale, the director now owns 16,202 shares in the company, valued at approximately $668,656.54. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 103,192 shares of company stock worth $4,431,998. Corporate insiders own 3.10% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Louisiana State Employees Retirement System lifted its position in National Bank by 1.6% in the 2nd quarter. Louisiana State Employees Retirement System now owns 19,000 shares of the financial services provider’s stock valued at $742,000 after acquiring an additional 300 shares in the last quarter. Texas Permanent School Fund Corp increased its position in shares of National Bank by 1.4% during the 1st quarter. Texas Permanent School Fund Corp now owns 33,069 shares of the financial services provider’s stock valued at $1,193,000 after purchasing an additional 449 shares during the last quarter. Rhumbline Advisers boosted its holdings in shares of National Bank by 0.4% in the 2nd quarter. Rhumbline Advisers now owns 126,304 shares of the financial services provider’s stock worth $4,932,000 after buying an additional 492 shares during the last quarter. ProShare Advisors LLC grew its position in National Bank by 7.4% during the first quarter. ProShare Advisors LLC now owns 7,450 shares of the financial services provider’s stock valued at $269,000 after buying an additional 513 shares during the period. Finally, Innealta Capital LLC purchased a new stake in National Bank during the second quarter worth about $41,000. Institutional investors and hedge funds own 92.65% of the company’s stock.

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.