Robert E. Dean Sells 3,076 Shares of National Bank Holdings Corp (NBHC) Stock
National Bank Holdings Corp (NYSE:NBHC) Director Robert E. Dean sold 3,076 shares of the stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $33.74, for a total transaction of $103,784.24. Following the sale, the director now directly owns 22,910 shares of the company’s stock, valued at $772,983.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of National Bank Holdings Corp (NYSE NBHC) traded down $0.78 during trading on Thursday, hitting $32.29. 85,900 shares of the company traded hands, compared to its average volume of 114,628. The stock has a market cap of $887.86, a price-to-earnings ratio of 26.46, a P/E/G ratio of 2.74 and a beta of 0.65. 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 Holdings Corp has a 52-week low of $30.10 and a 52-week high of $37.08.
National Bank (NYSE:NBHC) last announced its quarterly earnings data on Wednesday, October 18th. The financial services provider reported $0.26 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by ($0.04). The company had revenue of $47.45 million during the quarter, compared to analysts’ expectations 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 previous year, the business earned $0.30 earnings per share. analysts anticipate that National Bank Holdings Corp will post 1.21 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, November 24th will be given a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 1.11%. The ex-dividend date is Wednesday, November 22nd. National Bank’s payout ratio is currently 28.80%.
Several institutional investors have recently made changes to their positions in the stock. Piedmont Investment Advisors LLC purchased a new position in shares of National Bank in the 3rd quarter valued at approximately $208,000. Dimensional Fund Advisors LP raised its position in National Bank by 0.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,258,619 shares of the financial services provider’s stock worth $80,610,000 after buying an additional 8,075 shares during the last quarter. Brown Advisory Inc. raised its position in National Bank by 8.8% during the 3rd quarter. Brown Advisory Inc. now owns 1,006,412 shares of the financial services provider’s stock worth $35,919,000 after buying an additional 81,198 shares during the last quarter. Schwab Charles Investment Management Inc. raised its position in National Bank by 4.8% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 179,927 shares of the financial services provider’s stock worth $6,422,000 after buying an additional 8,296 shares during the last quarter. Finally, Wells Fargo & Company MN raised its position in National Bank by 16.6% during the 3rd quarter. Wells Fargo & Company MN now owns 58,850 shares of the financial services provider’s stock worth $1,894,000 after buying an additional 8,362 shares during the last quarter. 95.65% of the stock is owned by hedge funds and other institutional investors.
NBHC has been the subject of several analyst reports. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $35.00 price target on shares of National Bank in a research report on Friday, October 20th. Zacks Investment Research lowered shares of National Bank from a “buy” rating to a “hold” rating in a research report on Wednesday, August 30th. BidaskClub raised shares of National Bank from a “sell” rating to a “hold” rating in a research report on Saturday, September 23rd. Finally, Sandler O’Neill raised shares of National Bank from a “hold” rating to a “buy” rating and set a $36.00 price objective for the company in a research report on Friday, August 18th. Two 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’s stock. The company has an average rating of “Hold” and a consensus target price of $35.00.
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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