National Bank Holdings Co. (NYSE:NBHC) CEO Sells $2,121,894.32 in Stock

National Bank Holdings Co. (NYSE:NBHC) CEO G. Timothy Laney sold 49,763 shares of the company’s stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $42.64, for a total transaction of $2,121,894.32. Following the transaction, the chief executive officer now owns 272,126 shares in the company, valued at $11,603,452.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

National Bank Price Performance

NYSE:NBHC opened at $39.59 on Friday. 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 firm has a fifty day simple moving average of $39.20 and a 200 day simple moving average of $36.19. National Bank Holdings Co. has a 1-year low of $28.38 and a 1-year high of $46.51. The stock has a market capitalization of $1.50 billion, a PE ratio of 11.38 and a beta of 0.86.

National Bank (NYSE:NBHC) last released its quarterly earnings data on Tuesday, July 23rd. The financial services provider reported $0.68 earnings per share for the quarter, missing the consensus estimate of $0.74 by ($0.06). National Bank had a return on equity of 10.44% and a net margin of 21.40%. The firm had revenue of $99.31 million for the quarter, compared to analyst estimates of $102.96 million. During the same quarter in the prior year, the firm earned $0.85 earnings per share. The firm’s revenue for the quarter was down 5.5% on a year-over-year basis. On average, research analysts expect that National Bank Holdings Co. will post 2.99 EPS 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. The ex-dividend date of this dividend is Friday, August 30th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.83%. National Bank’s payout ratio is 32.18%.

Analyst Ratings Changes

Several analysts have weighed in on NBHC shares. Piper Sandler cut National Bank from an “overweight” rating to a “neutral” rating and boosted their price objective for the stock from $42.00 to $46.00 in a report on Thursday, July 25th. Keefe, Bruyette & Woods lifted their target price on National Bank from $39.00 to $45.00 and gave the stock a “market perform” rating in a report on Monday, July 29th. Stephens upped 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. Hovde Group upped their price objective on National Bank from $42.00 to $50.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. Finally, DA Davidson raised their target price on shares of National Bank from $42.00 to $45.00 and gave the company a “buy” rating in a research report on Tuesday, July 2nd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat.com, National Bank presently has a consensus rating of “Hold” and an average target price of $46.40.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Elizabeth Park Capital Advisors Ltd. acquired a new stake in National Bank during the 4th quarter valued at $2,408,000. Vanguard Group Inc. lifted its holdings in National Bank by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 4,220,345 shares of the financial services provider’s stock worth $156,955,000 after purchasing an additional 25,349 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in National Bank by 5.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,678,537 shares of the financial services provider’s stock valued at $62,426,000 after purchasing an additional 79,519 shares during the period. Hsbc Holdings PLC increased its position in National Bank by 1,015.3% during the 4th quarter. Hsbc Holdings PLC now owns 235,268 shares of the financial services provider’s stock worth $8,754,000 after buying an additional 214,174 shares during the period. Finally, Wellington Management Group LLP lifted its holdings in shares of National Bank by 6.5% during the fourth quarter. Wellington Management Group LLP now owns 3,904,987 shares of the financial services provider’s stock worth $145,226,000 after buying an additional 239,401 shares in the last quarter. 92.65% of the stock is currently owned by institutional investors.

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.