National Bank Holdings Corp. (NYSE:NBHC) Director Burney S. Warren III sold 5,000 shares of the stock in a transaction on Tuesday, November 22nd. The shares were sold at an average price of $27.00, for a total value of $135,000.00. Following the sale, the director now directly owns 19,416 shares in the company, valued at $524,232. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
National Bank Holdings Corp. (NYSE:NBHC) opened at 27.17 on Monday. The stock has a market capitalization of $705.41 million, a PE ratio of 48.78 and a beta of 0.58. National Bank Holdings Corp. has a 12 month low of $18.41 and a 12 month high of $27.76. The firm has a 50-day moving average price of $24.69 and a 200 day moving average price of $22.37.
National Bank Holdings Corp. (NYSE:NBHC) last released its quarterly earnings results on Thursday, October 20th. The financial services provider reported $0.30 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.21 by $0.09. The firm earned $40.76 million during the quarter, compared to analyst estimates of $45.60 million. National Bank Holdings Corp. had a return on equity of 4.03% and a net margin of 7.82%. The business’s revenue for the quarter was down 3.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.05 EPS. Equities analysts anticipate that National Bank Holdings Corp. will post $0.67 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Friday, November 25th will be given a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 1.03%. This is a positive change from National Bank Holdings Corp.’s previous quarterly dividend of $0.05. The ex-dividend date is Tuesday, November 22nd. National Bank Holdings Corp.’s payout ratio is presently 49.12%.
Several equities research analysts recently commented on the company. Zacks Investment Research raised National Bank Holdings Corp. from a “hold” rating to a “buy” rating and set a $27.00 price objective on the stock in a research report on Wednesday, October 26th. Hovde Group began coverage on National Bank Holdings Corp. in a research report on Wednesday, September 7th. They set a “market perform” rating and a $25.00 price objective on the stock. Finally, Stephens raised National Bank Holdings Corp. from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $21.00 to $25.00 in a research report on Friday, August 12th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $23.33.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in NBHC. BlackRock Group LTD raised its position in National Bank Holdings Corp. by 8,806.3% in the third quarter. BlackRock Group LTD now owns 993,225 shares of the financial services provider’s stock valued at $23,212,000 after buying an additional 982,073 shares during the last quarter. Emerald Acquisition Ltd. bought a new position in National Bank Holdings Corp. during the second quarter valued at approximately $16,805,000. JPMorgan Chase & Co. raised its position in National Bank Holdings Corp. by 59.2% in the second quarter. JPMorgan Chase & Co. now owns 1,047,510 shares of the financial services provider’s stock valued at $21,327,000 after buying an additional 389,671 shares during the last quarter. Dimensional Fund Advisors LP raised its position in National Bank Holdings Corp. by 15.2% in the second quarter. Dimensional Fund Advisors LP now owns 1,733,924 shares of the financial services provider’s stock valued at $35,302,000 after buying an additional 228,852 shares during the last quarter. Finally, APG Asset Management N.V. bought a new position in National Bank Holdings Corp. during the second quarter valued at approximately $4,326,000.
About National Bank Holdings Corp.