National Bank (NYSE:NBHC) Insider John Steinmetz Acquires 24,200 Shares of Stock

National Bank Holdings Corporation (NYSE:NBHC) insider John Steinmetz acquired 24,200 shares of National Bank stock in a transaction on Wednesday, February 11th. The shares were purchased at an average price of $41.41 per share, with a total value of $1,002,122.00. Following the completion of the purchase, the insider owned 536,504 shares in the company, valued at $22,216,630.64. This represents a 4.72% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

National Bank Trading Down 2.0%

NYSE:NBHC opened at $40.72 on Friday. The stock has a market cap of $1.54 billion, a price-to-earnings ratio of 14.29 and a beta of 0.81. The company has a quick ratio of 0.93, a current ratio of 0.94 and a debt-to-equity ratio of 0.04. The company’s 50 day moving average price is $39.98 and its 200-day moving average price is $38.52. National Bank Holdings Corporation has a 52 week low of $32.83 and a 52 week high of $43.53.

National Bank (NYSE:NBHC) last announced its quarterly earnings data on Tuesday, January 27th. The financial services provider reported $0.60 earnings per share for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.27). National Bank had a return on equity of 8.65% and a net margin of 18.66%.The firm had revenue of $100.64 million during the quarter, compared to analysts’ expectations of $107.48 million. During the same quarter in the previous year, the firm earned $0.86 earnings per share. On average, equities research analysts forecast that National Bank Holdings Corporation will post 3.31 earnings per share for the current fiscal year.

National Bank Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 27th will be issued a dividend of $0.32 per share. The ex-dividend date of this dividend is Friday, February 27th. This is an increase from National Bank’s previous quarterly dividend of $0.31. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.1%. National Bank’s dividend payout ratio is currently 43.51%.

Hedge Funds Weigh In On National Bank

Institutional investors and hedge funds have recently made changes to their positions in the business. Jane Street Group LLC grew its position in National Bank by 193.3% during the fourth quarter. Jane Street Group LLC now owns 52,916 shares of the financial services provider’s stock valued at $2,011,000 after buying an additional 34,877 shares during the period. New York State Common Retirement Fund boosted its stake in shares of National Bank by 99.5% during the 4th quarter. New York State Common Retirement Fund now owns 112,483 shares of the financial services provider’s stock worth $4,275,000 after acquiring an additional 56,110 shares during the last quarter. Swiss National Bank grew its position in shares of National Bank by 0.9% during the 4th quarter. Swiss National Bank now owns 74,600 shares of the financial services provider’s stock valued at $2,836,000 after acquiring an additional 700 shares during the period. Meeder Asset Management Inc. purchased a new stake in shares of National Bank in the 4th quarter worth $48,000. Finally, Empowered Funds LLC increased its stake in shares of National Bank by 4.4% in the 4th quarter. Empowered Funds LLC now owns 151,699 shares of the financial services provider’s stock worth $5,766,000 after purchasing an additional 6,446 shares in the last quarter. Hedge funds and other institutional investors own 92.65% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on NBHC shares. Wall Street Zen lowered National Bank from a “hold” rating to a “sell” rating in a research report on Saturday, January 31st. Stephens upgraded shares of National Bank from an “equal weight” rating to an “overweight” rating and set a $42.00 price target for the company in a research note on Monday, November 10th. Weiss Ratings reissued a “hold (c)” rating on shares of National Bank in a report on Thursday, January 22nd. Zacks Research upgraded shares of National Bank from a “strong sell” rating to a “hold” rating in a research report on Monday, December 22nd. Finally, DA Davidson restated a “buy” rating and issued a $46.00 target price on shares of National Bank in a report on Wednesday, January 28th. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, National Bank presently has an average rating of “Moderate Buy” and a consensus price target of $44.75.

National Bank Company Profile

National Bank Holdings Corporation (NYSE: NBHC) is a diversified financial services holding company headquartered in Cape Girardeau, Missouri. Through its network of community bank subsidiaries, the company provides deposit, lending and payment solutions to consumer, small business and commercial clients across multiple U.S. markets.

Since its founding in 1992, National Bank Holdings has pursued a growth strategy focused on acquiring and integrating locally branded community banks. Its footprint spans the Midwest and Southern United States, including Missouri, Kansas, Oklahoma, Texas, Colorado, Illinois and Tennessee.