National Bank Holdings Corp (NYSE:NBHC) Director Robert E. Dean sold 3,076 shares of the business’s stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $33.74, for a total value of $103,784.24. Following the completion of the transaction, the director now directly owns 22,910 shares in the company, valued at $772,983.40. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Shares of National Bank Holdings Corp (NYSE:NBHC) traded down $0.58 on Tuesday, hitting $33.07. The stock had a trading volume of 115,513 shares, compared to its average volume of 114,750. The stock has a market cap of $902.90, a PE ratio of 26.90, a price-to-earnings-growth ratio of 2.79 and a beta of 0.65. National Bank Holdings Corp has a twelve month low of $30.00 and a twelve month high of $37.08. The company has a quick ratio of 0.82, a current ratio of 0.83 and a debt-to-equity ratio of 0.23.
National Bank (NYSE:NBHC) last released its earnings results on Wednesday, October 18th. The financial services provider reported $0.26 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by ($0.04). The company had revenue of $47.45 million for the quarter, compared to the consensus estimate of $48.90 million. National Bank had a net margin of 17.13% and a return on equity of 6.40%. During the same period in the prior year, the firm posted $0.30 EPS. analysts expect that National Bank Holdings Corp will post 1.21 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, November 24th will be given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 1.09%. The ex-dividend date of this dividend is Wednesday, November 22nd. National Bank’s dividend payout ratio is currently 28.80%.
A number of research analysts recently commented on the company. BidaskClub cut National Bank from a “hold” rating to a “sell” rating in a report on Thursday, November 9th. Zacks Investment Research cut National Bank from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 24th. Keefe, Bruyette & Woods cut National Bank from an “outperform” rating to a “mkt perform” rating in a report on Saturday, October 21st. Finally, Sandler O’Neill raised National Bank from a “hold” rating to a “buy” rating and set a $36.00 price target on the stock in a report on Friday, August 18th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $35.00.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Federated Investors Inc. PA grew its position in National Bank by 452,038.7% in the 2nd quarter. Federated Investors Inc. PA now owns 140,163 shares of the financial services provider’s stock valued at $4,641,000 after acquiring an additional 140,132 shares during the last quarter. Brown Advisory Inc. grew its position in National Bank by 8.8% in the 3rd quarter. Brown Advisory Inc. now owns 1,006,412 shares of the financial services provider’s stock valued at $35,919,000 after acquiring an additional 81,198 shares during the last quarter. Vanguard Group Inc. grew its position in National Bank by 2.7% in the 2nd quarter. Vanguard Group Inc. now owns 2,577,232 shares of the financial services provider’s stock valued at $85,332,000 after acquiring an additional 68,938 shares during the last quarter. First Trust Advisors LP bought a new position in National Bank in the 2nd quarter valued at $1,882,000. Finally, Marshall Wace North America L.P. bought a new position in National Bank in the 2nd quarter valued at $1,190,000. 95.65% of the stock is currently owned by hedge funds and other institutional investors.
National Bank Company Profile
National Bank Holdings Corporation (NBH) is a bank holding company. Through Bank Midwest, N.A. (Bank Midwest), NBH’s primary business is to offer a range of products and financial services to both its commercial and consumer customers, located in Kansas, Missouri and Colorado. The Company offers an array of lending products to cater to the customers’ needs, including, but not limited to, small business loans, equipment loans, term loans, asset-backed loans, letters of credit, commercial lines of credit, residential mortgage loans, home equity and consumer loans.
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