National Bank Holdings Corp (NBHC) Insider Sells $830,000.00 in Stock

National Bank Holdings Corp (NYSE:NBHC) insider Richard U. Jr. Newfield sold 25,000 shares of the firm’s stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $33.20, for a total value of $830,000.00. Following the completion of the sale, the insider now directly owns 127,507 shares of the company’s stock, valued at approximately $4,233,232.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of National Bank Holdings Corp (NYSE:NBHC) traded up $0.50 during trading hours on Tuesday, hitting $32.25. The company had a trading volume of 182,299 shares, compared to its average volume of 120,204. The stock has a market capitalization of $889.47, a PE ratio of 62.02, a price-to-earnings-growth ratio of 1.81 and a beta of 0.72. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.83 and a current ratio of 0.83. National Bank Holdings Corp has a one year low of $30.10 and a one year high of $37.08.

National Bank (NYSE:NBHC) last announced its earnings results on Thursday, January 25th. The financial services provider reported $0.36 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.33 by $0.03. The company had revenue of $45.80 million for the quarter, compared to analysts’ expectations of $47.87 million. National Bank had a return on equity of 6.39% and a net margin of 7.16%. During the same quarter in the previous year, the firm earned $0.36 earnings per share. analysts anticipate that National Bank Holdings Corp will post 1.83 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Friday, February 23rd will be given a dividend of $0.09 per share. The ex-dividend date is Thursday, February 22nd. This represents a $0.36 annualized dividend and a dividend yield of 1.12%. National Bank’s payout ratio is 69.23%.

A number of brokerages have commented on NBHC. Zacks Investment Research raised National Bank from a “hold” rating to a “buy” rating and set a $38.00 price objective for the company in a research note on Saturday, January 13th. Hovde Group set a $35.00 price objective on National Bank and gave the company a “hold” rating in a research note on Wednesday, January 3rd. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $37.00 price objective on shares of National Bank in a research note on Friday, December 22nd. Finally, BidaskClub cut National Bank from a “hold” rating to a “sell” rating in a research note on Thursday, November 9th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $35.83.

Several large investors have recently made changes to their positions in NBHC. Schwab Charles Investment Management Inc. boosted its position in shares of National Bank by 10.2% during the second quarter. Schwab Charles Investment Management Inc. now owns 171,631 shares of the financial services provider’s stock valued at $5,683,000 after buying an additional 15,906 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of National Bank by 1.5% during the second quarter. JPMorgan Chase & Co. now owns 75,361 shares of the financial services provider’s stock valued at $2,495,000 after buying an additional 1,122 shares during the last quarter. Teachers Advisors LLC boosted its position in shares of National Bank by 3.7% during the second quarter. Teachers Advisors LLC now owns 152,014 shares of the financial services provider’s stock valued at $5,033,000 after buying an additional 5,458 shares during the last quarter. Northern Trust Corp boosted its position in shares of National Bank by 3.7% during the second quarter. Northern Trust Corp now owns 339,687 shares of the financial services provider’s stock valued at $11,247,000 after buying an additional 12,188 shares during the last quarter. Finally, Vanguard Group Inc. boosted its position in shares of National Bank by 2.7% during the second quarter. Vanguard Group Inc. now owns 2,577,232 shares of the financial services provider’s stock valued at $85,332,000 after buying an additional 68,938 shares during the last quarter. 96.10% of the stock is currently owned by institutional investors.

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About National Bank

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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