National Bank Holdings Co. (NYSE:NBHC) Director Ralph W. Clermont Sells 10,000 Shares

National Bank Holdings Co. (NYSE:NBHC) Director Ralph W. Clermont sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $44.18, for a total value of $441,800.00. Following the transaction, the director now directly owns 66,653 shares in the company, valued at $2,944,729.54. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

National Bank Stock Performance

National Bank stock opened at $42.84 on Wednesday. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.93 and a quick ratio of 0.93. National Bank Holdings Co. has a 12 month low of $28.38 and a 12 month high of $46.51. The company has a fifty day moving average price of $40.68 and a two-hundred day moving average price of $36.91. The company has a market cap of $1.62 billion, a PE ratio of 12.31 and a beta of 0.86.

National Bank (NYSE:NBHC) last posted its quarterly earnings results on Tuesday, July 23rd. The financial services provider reported $0.68 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.06). National Bank had a return on equity of 10.44% and a net margin of 21.40%. The business had revenue of $99.31 million during the quarter, compared to the consensus estimate of $102.96 million. During the same quarter in the previous year, the business posted $0.85 earnings per share. The company’s quarterly revenue was down 5.5% compared to the same quarter last year. Research analysts expect that National Bank Holdings Co. will post 2.99 earnings per share for the current year.

National Bank Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Friday, August 30th will be paid a $0.28 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a $1.12 dividend on an annualized basis and a yield of 2.61%. National Bank’s payout ratio is currently 32.18%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on NBHC shares. Keefe, Bruyette & Woods boosted their target price on shares of National Bank from $39.00 to $45.00 and gave the stock a “market perform” rating in a research report on Monday, July 29th. Hovde Group boosted their price objective on shares of National Bank from $42.00 to $50.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. DA Davidson increased their price target on National Bank from $42.00 to $45.00 and gave the company a “buy” rating in a report on Tuesday, July 2nd. Piper Sandler downgraded shares of National Bank from an “overweight” rating to a “neutral” rating and increased their price objective for the company from $42.00 to $46.00 in a research note on Thursday, July 25th. Finally, Stephens boosted their target price on shares of National Bank from $38.00 to $46.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 25th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $46.40.

Institutional Trading of National Bank

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Innealta Capital LLC bought a new stake in National Bank in the 2nd quarter valued at about $41,000. Meeder Asset Management Inc. acquired a new stake in National Bank in the 2nd quarter valued at approximately $52,000. Quest Partners LLC bought a new stake in National Bank during the 4th quarter valued at $194,000. Choreo LLC acquired a new position in National Bank during the 2nd quarter worth $209,000. Finally, ProShare Advisors LLC grew its stake in shares of National Bank by 7.4% in the first quarter. ProShare Advisors LLC now owns 7,450 shares of the financial services provider’s stock worth $269,000 after purchasing an additional 513 shares in the last quarter. 92.65% of the stock is currently owned by institutional investors and hedge funds.

About National Bank

National Bank Holdings Corporation operates as the bank holding company for NBH Bank that provides various banking products and financial services to commercial, business, and consumer clients in the United States. It offers deposit products, including checking, savings, money market, and other deposit accounts, including fixed-rate and fixed maturity time deposits.