Insider Selling: National Bank Holdings Co. (NYSE:NBHC) Insider Sells $959,290.79 in Stock

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

National Bank Trading Up 0.0 %

Shares of NBHC opened at $48.58 on Monday. National Bank Holdings Co. has a fifty-two week low of $32.13 and a fifty-two week high of $51.76. The firm has a market cap of $1.84 billion, a price-to-earnings ratio of 15.04 and a beta of 0.84. The firm has a 50 day moving average price of $43.59 and a 200-day moving average price of $40.71. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.92 and a current ratio of 0.92.

National Bank (NYSE:NBHC) last posted its quarterly earnings results on Tuesday, October 22nd. The financial services provider reported $0.86 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $102.32 million. During the same period in the previous year, the firm posted $0.94 earnings per share. As a group, equities research analysts forecast that National Bank Holdings Co. will post 3.18 earnings per share for the current year.

National Bank Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be issued a dividend of $0.29 per share. The ex-dividend date of this dividend is Friday, November 29th. This is a boost from National Bank’s previous quarterly dividend of $0.28. This represents a $1.16 annualized dividend and a yield of 2.39%. National Bank’s dividend payout ratio is currently 34.67%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on NBHC shares. Stephens boosted their target price on National Bank from $46.00 to $49.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 24th. Piper Sandler raised their target price on shares of National Bank from $44.00 to $48.00 and gave the company a “neutral” rating in a research note on Thursday, October 24th. DA Davidson boosted their price target on shares of National Bank from $51.00 to $53.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. StockNews.com cut shares of National Bank from a “hold” rating to a “sell” rating in a research report on Wednesday, July 24th. Finally, Hovde Group upped their target price on shares of National Bank from $50.00 to $51.00 and gave the stock an “outperform” rating in a research report on Monday, October 28th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, National Bank has a consensus rating of “Hold” and an average price target of $49.20.

Hedge Funds Weigh In On National Bank

A number of large investors have recently bought and sold shares of the stock. Victory Capital Management Inc. boosted its stake in shares of National Bank by 56.0% during the third quarter. Victory Capital Management Inc. now owns 2,846,741 shares of the financial services provider’s stock valued at $119,848,000 after purchasing an additional 1,021,829 shares during the period. Dimensional Fund Advisors LP raised its holdings 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 valued at $76,152,000 after buying an additional 167,711 shares during the last quarter. State Street Corp boosted its position in National Bank by 7.6% during the 3rd quarter. State Street Corp now owns 1,799,224 shares of the financial services provider’s stock valued at $75,747,000 after buying an additional 126,796 shares during the period. Westwood Holdings Group Inc. grew 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 acquiring an additional 19,016 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of National Bank by 1.1% during the third quarter. Geode Capital Management LLC now owns 861,483 shares of the financial services provider’s stock valued at $36,276,000 after acquiring an additional 9,723 shares during the last quarter. 92.65% of the stock is owned by hedge funds and other 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.