National Bank (NYSE:NBHC) Insider Buys $1,002,122.00 in Stock

National Bank Holdings Corporation (NYSE:NBHC) insider John Steinmetz purchased 24,200 shares of National Bank stock in a transaction that occurred on Wednesday, February 11th. The stock was purchased at an average price of $41.41 per share, with a total value of $1,002,122.00. Following the completion of the purchase, the insider directly owned 536,504 shares in the company, valued at $22,216,630.64. This trade represents a 4.72% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

National Bank Stock Performance

NBHC stock traded down $0.81 during trading hours on Thursday, hitting $40.72. 593,860 shares of the stock were exchanged, compared to its average volume of 469,057. National Bank Holdings Corporation has a 12 month low of $32.83 and a 12 month high of $43.53. The company has a current ratio of 0.94, a quick ratio of 0.93 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $1.54 billion, a P/E ratio of 14.29 and a beta of 0.81. The company has a 50-day simple moving average of $39.94 and a two-hundred day simple moving average of $38.50.

National Bank (NYSE:NBHC) last released its quarterly earnings results on Tuesday, January 27th. The financial services provider reported $0.60 EPS for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.27). The business had revenue of $100.64 million for the quarter, compared to the consensus estimate of $107.48 million. National Bank had a return on equity of 8.65% and a net margin of 18.66%.During the same period in the prior year, the business posted $0.86 earnings per share. On average, analysts forecast that National Bank Holdings Corporation will post 3.31 earnings per share for the current fiscal year.

National Bank Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 27th will be given a dividend of $0.32 per share. This is an increase from National Bank’s previous quarterly dividend of $0.31. This represents a $1.28 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend is Friday, February 27th. National Bank’s dividend payout ratio (DPR) is currently 43.51%.

Analysts Set New Price Targets

Several research firms have recently issued reports on NBHC. DA Davidson reissued a “buy” rating and set a $46.00 target price on shares of National Bank in a report on Wednesday, January 28th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of National Bank in a research report on Thursday, January 22nd. Stephens upgraded shares of National Bank from an “equal weight” rating to an “overweight” rating and set a $42.00 price objective on the stock in a research note on Monday, November 10th. Wall Street Zen cut shares of National Bank from a “hold” rating to a “sell” rating in a research report on Saturday, January 31st. Finally, Zacks Research raised shares of National Bank from a “strong sell” rating to a “hold” rating in a report on Monday, December 22nd. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $44.75.

Institutional Investors Weigh In On National Bank

Hedge funds and other institutional investors have recently made changes to their positions in the stock. New York State Common Retirement Fund boosted its position in National Bank by 336.6% in the third quarter. New York State Common Retirement Fund now owns 56,373 shares of the financial services provider’s stock valued at $2,178,000 after buying an additional 43,462 shares in the last quarter. AlphaQuest LLC increased its holdings in shares of National Bank by 110.4% during the third quarter. AlphaQuest LLC now owns 43,045 shares of the financial services provider’s stock worth $1,663,000 after buying an additional 22,583 shares in the last quarter. Y Intercept Hong Kong Ltd lifted its stake in shares of National Bank by 97.9% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 80,567 shares of the financial services provider’s stock valued at $3,113,000 after acquiring an additional 39,848 shares during the last quarter. Deprince Race & Zollo Inc. bought a new position in shares of National Bank in the 3rd quarter valued at $14,240,000. Finally, Assenagon Asset Management S.A. acquired a new stake in shares of National Bank during the 3rd quarter valued at $25,869,000. 92.65% of the stock is owned by institutional investors.

National Bank Company Profile

National Bank Holdings Corporation (NYSE: NBHC) is a diversified financial services holding company headquartered in Cape Girardeau, Missouri. Through its network of community bank subsidiaries, the company provides deposit, lending and payment solutions to consumer, small business and commercial clients across multiple U.S. markets.

Since its founding in 1992, National Bank Holdings has pursued a growth strategy focused on acquiring and integrating locally branded community banks. Its footprint spans the Midwest and Southern United States, including Missouri, Kansas, Oklahoma, Texas, Colorado, Illinois and Tennessee.