Insider Selling: National Bank Holdings Co. (NYSE:NBHC) Insider Sells $63,265.50 in Stock

National Bank Holdings Co. (NYSE:NBHC) insider Valerie D. Kramer sold 1,275 shares of the stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $49.62, for a total transaction of $63,265.50. Following the completion of the sale, the insider now directly owns 10,652 shares of the company’s stock, valued at $528,552.24. This trade represents a 10.69 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

National Bank Price Performance

NYSE NBHC opened at $48.57 on Friday. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.04. National Bank Holdings Co. has a 1 year low of $32.13 and a 1 year high of $51.76. The company has a market cap of $1.84 billion, a PE ratio of 15.04 and a beta of 0.84. The stock’s 50-day moving average price is $43.32 and its two-hundred day moving average price is $40.49.

National Bank (NYSE:NBHC) last issued its quarterly earnings results on Tuesday, October 22nd. The financial services provider reported $0.86 EPS for the quarter, beating 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 quarter in the prior year, the firm earned $0.94 EPS. On average, analysts predict that National Bank Holdings Co. will post 3.18 EPS for the current year.

National Bank Increases Dividend

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

Institutional Investors Weigh In On National Bank

Institutional investors have recently bought and sold shares of the business. BNP Paribas Financial Markets grew its position in National Bank by 45.9% during the first quarter. BNP Paribas Financial Markets now owns 18,398 shares of the financial services provider’s stock valued at $664,000 after purchasing an additional 5,790 shares in the last quarter. Texas Permanent School Fund Corp increased its stake in shares of National Bank by 1.4% in the first quarter. Texas Permanent School Fund Corp now owns 33,069 shares of the financial services provider’s stock worth $1,193,000 after acquiring an additional 449 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in shares of National Bank by 87.6% during the first quarter. Russell Investments Group Ltd. now owns 478,748 shares of the financial services provider’s stock worth $17,268,000 after acquiring an additional 223,505 shares in the last quarter. ProShare Advisors LLC grew its stake in National Bank by 7.4% in the first quarter. ProShare Advisors LLC now owns 7,450 shares of the financial services provider’s stock valued at $269,000 after purchasing an additional 513 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System grew its stake in shares of National Bank by 53.7% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 16,169 shares of the financial services provider’s stock valued at $541,000 after buying an additional 5,650 shares in the last quarter. 92.65% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have weighed in on NBHC shares. StockNews.com cut shares of National Bank from a “hold” rating to a “sell” rating in a research report on Wednesday, July 24th. Stephens increased their target price on shares of National Bank from $46.00 to $49.00 and gave the stock an “equal weight” rating in a report on Thursday, October 24th. DA Davidson upped their price objective on National Bank from $51.00 to $53.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Keefe, Bruyette & Woods boosted their price objective on National Bank from $39.00 to $45.00 and gave the stock a “market perform” rating in a research report on Monday, July 29th. Finally, Hovde Group boosted their price target 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 assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus 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.