National Bank (NYSE:NBHC) Director Art Zeile Sells 4,000 Shares of Stock

National Bank Holdings Corporation (NYSE:NBHC) Director Art Zeile sold 4,000 shares of the business’s stock in a transaction on Friday, October 30th. The stock was sold at an average price of $37.43, for a total value of $149,720.00. Following the completion of the sale, the director directly owned 15,816 shares in the company, valued at $591,992.88. This represents a 20.19% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

National Bank Trading Down 1.5%

Shares of National Bank stock opened at $37.50 on Wednesday. The business has a fifty day simple moving average of $39.55 and a 200-day simple moving average of $41.30. National Bank Holdings Corporation has a fifty-two week low of $35.47 and a fifty-two week high of $47.28. The firm has a market cap of $1.67 billion, a price-to-earnings ratio of 29.77 and a beta of 0.83. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.20.

National Bank (NYSE:NBHC) last released its earnings results on Tuesday, October 27th. The financial services provider reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.73). National Bank had a return on equity of 5.90% and a net margin of 8.02%. The firm had revenue of $126.44 million for the quarter, compared to analyst estimates of $134.81 million. During the same period in the previous year, the firm earned $0.92 earnings per share. On average, equities analysts forecast that National Bank Holdings Corporation will post 2.75 EPS for the current fiscal year.

Institutional Investors Weigh In On National Bank

Institutional investors and hedge funds have recently modified their holdings of the stock. Illinois Municipal Retirement Fund raised its position in National Bank by 1.5% during the first quarter. Illinois Municipal Retirement Fund now owns 19,816 shares of the financial services provider’s stock valued at $776,000 after buying an additional 300 shares during the period. Versant Capital Management Inc lifted its stake in National Bank by 108.7% in the 3rd quarter. Versant Capital Management Inc now owns 887 shares of the financial services provider’s stock worth $35,000 after acquiring an additional 462 shares in the last quarter. Nykredit A S purchased a new stake in National Bank in the 2nd quarter worth about $34,000. The Manufacturers Life Insurance Company boosted its position in National Bank by 5.0% during the 1st quarter. The Manufacturers Life Insurance Company now owns 17,405 shares of the financial services provider’s stock worth $682,000 after acquiring an additional 826 shares during the period. Finally, Arizona State Retirement System boosted its position in National Bank by 9.8% during the 2nd quarter. Arizona State Retirement System now owns 11,407 shares of the financial services provider’s stock worth $507,000 after acquiring an additional 1,020 shares during the period. 92.65% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on NBHC. DA Davidson reduced their price objective on shares of National Bank from $45.00 to $43.00 and set a “buy” rating for the company in a research report on Monday, October 5th. Weiss Ratings downgraded shares of National Bank from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, October 19th. Stephens dropped their target price on shares of National Bank from $44.00 to $39.00 and set an “equal weight” rating on the stock in a report on Monday. Piper Sandler cut their target price on shares of National Bank from $49.00 to $45.00 and set an “overweight” rating for the company in a research note on Thursday, October 15th. Finally, Zacks Research upgraded shares of National Bank from a “strong sell” rating to a “hold” rating in a report on Monday, October 5th. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $42.33.

National Bank Company Profile

National Bank Holdings Corporation (NYSE: NBHC) is a bank holding company that operates through its principal subsidiary, NBH Bank. The company provides community banking services to businesses, individuals and institutions, with a focus on relationship-based banking and local market expertise.

NBH Bank offers a range of financial products and services, including commercial and small-business loans, consumer lending, residential real estate financing, business and personal deposit accounts, treasury management, online and mobile banking, and wealth management services.