Valerie D. Kramer Sells 897 Shares of National Bank Holdings Co. (NYSE:NBHC) Stock

National Bank Holdings Co. (NYSE:NBHC) insider Valerie D. Kramer sold 897 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $50.11, for a total value of $44,948.67. Following the completion of the sale, the insider now owns 9,755 shares in the company, valued at approximately $488,823.05. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

National Bank Stock Performance

NBHC opened at $48.56 on Thursday. The business has a fifty day simple moving average of $43.21 and a 200-day simple moving average of $40.43. The firm 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. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.04.

National Bank (NYSE:NBHC) last released its 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 for the quarter, compared to the consensus estimate of $102.32 million. During the same period last year, the firm posted $0.94 earnings per share. As a group, equities analysts predict that National Bank Holdings Co. will post 3.18 EPS for the current fiscal year.

National Bank Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be given a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 2.39%. 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. National Bank’s dividend payout ratio (DPR) is 34.67%.

Institutional Investors Weigh In On National Bank

Several hedge funds have recently bought and sold shares of NBHC. Victory Capital Management Inc. increased its stake in shares of National Bank by 56.0% in the third quarter. Victory Capital Management Inc. now owns 2,846,741 shares of the financial services provider’s stock worth $119,848,000 after acquiring an additional 1,021,829 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in 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 valued at $76,152,000 after purchasing an additional 167,711 shares in the last quarter. Westwood Holdings Group Inc. raised its stake in shares of National Bank by 2.1% during the 1st quarter. Westwood Holdings Group Inc. now owns 935,119 shares of the financial services provider’s stock worth $33,730,000 after purchasing an additional 19,016 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of National Bank by 36.1% during the 3rd quarter. Principal Financial Group Inc. now owns 786,096 shares of the financial services provider’s stock valued at $33,095,000 after buying an additional 208,303 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its stake in shares of National Bank by 87.6% in the 1st quarter. Russell Investments Group Ltd. now owns 478,748 shares of the financial services provider’s stock valued at $17,268,000 after buying an additional 223,505 shares in the last quarter. 92.65% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently commented on NBHC shares. Piper Sandler raised their price target on National Bank from $44.00 to $48.00 and gave the company a “neutral” rating in a report on Thursday, October 24th. Keefe, Bruyette & Woods boosted their price target on shares of National Bank from $39.00 to $45.00 and gave the stock a “market perform” rating in a research report on Monday, July 29th. StockNews.com lowered shares of National Bank from a “hold” rating to a “sell” rating in a research note on Wednesday, July 24th. Hovde Group upped 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. Finally, Stephens lifted their price target on National Bank from $46.00 to $49.00 and gave the company an “equal weight” rating in a research report on Thursday, October 24th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $49.20.

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.