National Bank Holdings Co. (NYSE:NBHC) Director Sells $159,921.25 in Stock

National Bank Holdings Co. (NYSE:NBHC) Director Art Zeile sold 3,875 shares of the company’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $41.27, for a total value of $159,921.25. Following the completion of the sale, the director now directly owns 16,202 shares of the company’s stock, valued at $668,656.54. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

National Bank Stock Up 0.3 %

NYSE NBHC traded up $0.11 on Thursday, reaching $42.02. The company had a trading volume of 263,344 shares, compared to its average volume of 203,135. The company’s fifty day moving average is $40.17 and its 200-day moving average is $36.63. National Bank Holdings Co. has a 1-year low of $28.38 and a 1-year high of $46.51. The firm has a market capitalization of $1.59 billion, a price-to-earnings ratio of 12.04 and a beta of 0.86. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.93 and a current ratio of 0.93.

National Bank (NYSE:NBHC) last posted its quarterly earnings data on Tuesday, July 23rd. The financial services provider reported $0.68 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.06). The firm had revenue of $99.31 million for the quarter, compared to the consensus estimate of $102.96 million. National Bank had a return on equity of 10.44% and a net margin of 21.40%. The firm’s quarterly revenue was down 5.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.85 earnings per share. On average, research analysts forecast that National Bank Holdings Co. will post 2.99 earnings per share for the current fiscal year.

National Bank Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Friday, August 30th will be given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.67%. The ex-dividend date of this dividend is Friday, August 30th. National Bank’s dividend payout ratio is presently 32.18%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Innealta Capital LLC acquired a new stake in National Bank in the 2nd quarter valued at $41,000. Meeder Asset Management Inc. bought a new position in shares of National Bank in the 2nd quarter valued at about $52,000. Quest Partners LLC acquired a new stake in shares of National Bank in the fourth quarter valued at about $194,000. Choreo LLC bought a new stake in National Bank during the second quarter worth about $209,000. Finally, Mutual of America Capital Management LLC acquired a new position in National Bank during the fourth quarter valued at approximately $246,000. Institutional investors and hedge funds own 92.65% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. StockNews.com cut shares of National Bank from a “hold” rating to a “sell” rating in a report on Wednesday, July 24th. Stephens boosted their price target on shares of National Bank from $38.00 to $46.00 and gave the company an “equal weight” rating in a report on Thursday, July 25th. Keefe, Bruyette & Woods raised their price objective on National Bank from $39.00 to $45.00 and gave the stock a “market perform” rating in a research note on Monday, July 29th. Hovde Group lifted their target price on National Bank from $42.00 to $50.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. Finally, DA Davidson increased their price target on National Bank from $42.00 to $45.00 and gave the stock a “buy” rating in a report on Tuesday, July 2nd. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. According to MarketBeat, National Bank presently has a consensus rating of “Hold” and an average price target of $46.40.

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.