Insider Selling: National Bank (NYSE:NBHC) Director Sells 4,000 Shares of Stock

National Bank Holdings Corporation (NYSE:NBHC) Director Art Zeile sold 4,000 shares of National Bank stock in a transaction dated Friday, October 30th. The stock was sold at an average price of $37.43, for a total value of $149,720.00. Following the completion of the transaction, the director owned 15,816 shares in the company, valued at approximately $591,992.88. This represents a 20.19% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link.

National Bank Trading Down 1.5%

Shares of NYSE NBHC traded down $0.56 during midday trading on Tuesday, reaching $37.50. The company had a trading volume of 501,186 shares, compared to its average volume of 458,679. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.20. National Bank Holdings Corporation has a one year low of $35.47 and a one year high of $47.28. The firm’s fifty day moving average price is $39.63 and its 200-day moving average price is $41.31. The stock has a market cap of $1.67 billion, a PE ratio of 29.77 and a beta of 0.84.

National Bank (NYSE:NBHC) last released its quarterly earnings data on Tuesday, October 27th. The financial services provider reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.73). National Bank had a net margin of 8.02% and a return on equity of 5.90%. The company had revenue of $126.44 million for the quarter, compared to analysts’ expectations of $134.81 million. During the same period last year, the company posted $0.92 EPS. On average, equities research analysts anticipate that National Bank Holdings Corporation will post 2.75 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on NBHC. DA Davidson cut their price target on shares of National Bank from $45.00 to $43.00 and set a “buy” rating on the stock in a report on Monday, October 5th. Weiss Ratings downgraded shares of National Bank from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, October 19th. Piper Sandler dropped their target price on shares of National Bank from $49.00 to $45.00 and set an “overweight” rating for the company in a report on Thursday, October 15th. Zacks Research raised National Bank from a “strong sell” rating to a “hold” rating in a research note on Monday, October 5th. Finally, Stephens cut their target price on National Bank from $44.00 to $39.00 and set an “equal weight” rating on the stock in a research note on Monday. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $42.33.

Institutional Investors Weigh In On National Bank

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NBHC. Illinois Municipal Retirement Fund raised its holdings in National Bank by 1.5% in the first quarter. Illinois Municipal Retirement Fund now owns 19,816 shares of the financial services provider’s stock worth $776,000 after purchasing an additional 300 shares in the last quarter. Versant Capital Management Inc boosted its holdings in shares of National Bank by 108.7% during the 3rd quarter. Versant Capital Management Inc now owns 887 shares of the financial services provider’s stock valued at $35,000 after buying an additional 462 shares in the last quarter. Nykredit A S purchased a new stake in shares of National Bank in the 2nd quarter worth about $34,000. The Manufacturers Life Insurance Company grew its position in shares of National Bank by 5.0% in the 1st quarter. The Manufacturers Life Insurance Company now owns 17,405 shares of the financial services provider’s stock worth $682,000 after buying an additional 826 shares during the period. Finally, Arizona State Retirement System increased its stake in shares of National Bank by 9.8% in the 2nd quarter. Arizona State Retirement System now owns 11,407 shares of the financial services provider’s stock worth $507,000 after acquiring an additional 1,020 shares in the last quarter. 92.65% of the stock is owned by hedge funds and other institutional investors.

About National Bank

National Bank Holdings Corporation (NYSE: NBHC) is a bank holding company that operates through its principal subsidiary, NBH Bank. The company provides community banking services to businesses, individuals and institutions, with a focus on relationship-based banking and local market expertise.

NBH Bank offers a range of financial products and services, including commercial and small-business loans, consumer lending, residential real estate financing, business and personal deposit accounts, treasury management, online and mobile banking, and wealth management services.