National Bank Holdings Corp (NBHC) CFO Sells $2,506,256.88 in Stock
National Bank Holdings Corp (NYSE:NBHC) CFO Brian F. Lilly sold 74,769 shares of the business’s stock in a transaction on Friday, March 9th. The shares were sold at an average price of $33.52, for a total transaction of $2,506,256.88. Following the transaction, the chief financial officer now directly owns 203,846 shares of the company’s stock, valued at approximately $6,832,917.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of National Bank Holdings Corp (NYSE NBHC) opened at $33.94 on Wednesday. National Bank Holdings Corp has a one year low of $30.10 and a one year high of $37.08. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.24. The firm has a market cap of $1,024.55, a PE ratio of 27.04, a P/E/G ratio of 1.79 and a beta of 0.71.
National Bank (NYSE:NBHC) last issued its quarterly earnings data on Thursday, January 25th. The financial services provider reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.03. National Bank had a net margin of 7.16% and a return on equity of 6.39%. The business had revenue of $45.80 million for the quarter, compared to analysts’ expectations of $47.87 million. During the same period in the previous year, the business earned $0.36 earnings per share. research analysts predict that National Bank Holdings Corp will post 1.89 EPS for the current year.
Hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. raised its position in National Bank by 1.3% in the fourth quarter. BlackRock Inc. now owns 3,436,780 shares of the financial services provider’s stock worth $111,454,000 after acquiring an additional 43,591 shares in the last quarter. Dimensional Fund Advisors LP raised its position in National Bank by 0.4% in the third quarter. Dimensional Fund Advisors LP now owns 2,258,619 shares of the financial services provider’s stock worth $80,610,000 after acquiring an additional 8,075 shares in the last quarter. Renaissance Technologies LLC raised its position in National Bank by 3.6% in the fourth quarter. Renaissance Technologies LLC now owns 1,232,100 shares of the financial services provider’s stock worth $39,957,000 after acquiring an additional 42,400 shares in the last quarter. Brown Advisory Inc. raised its position in National Bank by 11.1% in the fourth quarter. Brown Advisory Inc. now owns 1,118,380 shares of the financial services provider’s stock worth $36,268,000 after acquiring an additional 111,968 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in National Bank by 2.3% in the third quarter. Bank of New York Mellon Corp now owns 623,391 shares of the financial services provider’s stock worth $22,249,000 after acquiring an additional 14,163 shares in the last quarter. Institutional investors and hedge funds own 96.20% of the company’s stock.
Several brokerages have recently issued reports on NBHC. Zacks Investment Research raised shares of National Bank from a “hold” rating to a “buy” rating and set a $38.00 price target for the company in a report on Saturday, January 13th. Hovde Group set a $35.00 price objective on shares of National Bank and gave the company a “hold” rating in a research note on Wednesday, January 3rd. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $37.00 price objective on shares of National Bank in a research note on Friday, December 22nd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $35.83.
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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