National Bank Holdings Corp (NBHC) Insider Richard U. Jr. Newfield Sells 25,000 Shares

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

Shares of National Bank Holdings Corp (NBHC) traded up $0.50 during mid-day trading on Tuesday, reaching $32.25. The company’s stock had a trading volume of 182,299 shares, compared to its average volume of 120,204. The company has a market capitalization of $889.47, a P/E ratio of 62.02, a P/E/G 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 1-year low of $30.10 and a 1-year high of $37.08.

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

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Friday, February 23rd will be issued a $0.09 dividend. The ex-dividend date of this dividend is Thursday, February 22nd. This represents a $0.36 dividend on an annualized basis and a yield of 1.12%. National Bank’s payout ratio is currently 69.23%.

Hedge funds have recently modified their holdings of the business. Piedmont Investment Advisors LLC bought a new stake in National Bank in the third quarter worth approximately $208,000. Cubist Systematic Strategies LLC acquired a new stake in National Bank in the second quarter valued at approximately $201,000. SG Americas Securities LLC acquired a new stake in National Bank in the third quarter valued at approximately $284,000. Crossmark Global Holdings Inc. acquired a new stake in National Bank in the third quarter valued at approximately $326,000. Finally, Municipal Employees Retirement System of Michigan grew its stake in National Bank by 59.6% in the third quarter. Municipal Employees Retirement System of Michigan now owns 10,020 shares of the financial services provider’s stock valued at $358,000 after acquiring an additional 3,740 shares during the period. Institutional investors and hedge funds own 96.10% of the company’s stock.

A number of equities analysts have recently issued reports on the company. BidaskClub downgraded National Bank from a “buy” rating to a “hold” rating in a research report on Tuesday, October 17th. Hovde Group set a $35.00 target price on National Bank and gave the stock a “hold” rating in a report on Wednesday, January 3rd. Zacks Investment Research downgraded National Bank from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 24th. Finally, Keefe, Bruyette & Woods downgraded National Bank from an “outperform” rating to a “mkt perform” rating in a report on Saturday, October 21st. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $35.83.

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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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