National Bank Holdings Co. (NYSE:NBHC) Insider Valerie D. Kramer Sells 278 Shares

National Bank Holdings Co. (NYSE:NBHC) insider Valerie D. Kramer sold 278 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $44.31, for a total transaction of $12,318.18. Following the completion of the transaction, the insider now directly owns 10,120 shares of the company’s stock, valued at $448,417.20. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

National Bank Stock Performance

National Bank stock opened at $42.84 on Wednesday. The firm’s fifty day moving average price is $40.68 and its 200-day moving average price is $36.91. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.93 and a current ratio of 0.93. The stock has a market cap of $1.62 billion, a P/E ratio of 12.31 and a beta of 0.86. National Bank Holdings Co. has a fifty-two week low of $28.38 and a fifty-two week high of $46.51.

National Bank (NYSE:NBHC) last posted 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). The company had revenue of $99.31 million for the quarter, compared to analysts’ expectations of $102.96 million. National Bank had a net margin of 21.40% and a return on equity of 10.44%. The business’s quarterly revenue was down 5.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.85 EPS. On average, equities research analysts expect that National Bank Holdings Co. will post 2.99 earnings per share for the current fiscal year.

National Bank Dividend Announcement

The business 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 dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 2.61%. The ex-dividend date is Friday, August 30th. National Bank’s dividend payout ratio (DPR) is currently 32.18%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. DA Davidson raised their price objective on shares of National Bank from $42.00 to $45.00 and gave the stock a “buy” rating in a report on Tuesday, July 2nd. Hovde Group raised their price objective on shares of National Bank from $42.00 to $50.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. Piper Sandler downgraded shares of National Bank from an “overweight” rating to a “neutral” rating and raised their price target for the company from $42.00 to $46.00 in a report on Thursday, July 25th. StockNews.com downgraded shares of National Bank from a “hold” rating to a “sell” rating in a report on Wednesday, July 24th. Finally, Stephens raised 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. One equities 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.com, the company currently has an average rating of “Hold” and a consensus target price of $46.40.

Hedge Funds Weigh In On National Bank

A number of large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in National Bank by 0.6% in 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 period. Wellington Management Group LLP raised its position in National Bank by 6.5% in the 4th quarter. Wellington Management Group LLP now owns 3,904,987 shares of the financial services provider’s stock worth $145,226,000 after purchasing an additional 239,401 shares during the period. Dimensional Fund Advisors LP raised its position in National Bank by 9.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,950,210 shares of the financial services provider’s stock worth $76,152,000 after purchasing an additional 167,711 shares during the period. Victory Capital Management Inc. raised its position in National Bank by 12,407.1% in the 2nd quarter. Victory Capital Management Inc. now owns 1,824,912 shares of the financial services provider’s stock worth $71,263,000 after purchasing an additional 1,810,321 shares during the period. Finally, Westwood Holdings Group Inc. raised its position 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 purchasing an additional 19,016 shares during the period. Hedge funds and other institutional investors own 92.65% of the company’s stock.

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.