National Bank Holdings Corp (NYSE:NBHC) Director Maria F. Spring sold 19,333 shares of the company’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $34.00, for a total transaction of $657,322.00. Following the sale, the director now directly owns 50,828 shares in the company, valued at approximately $1,728,152. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
National Bank stock opened at $36.58 on Friday. The company has a market cap of $1.10 billion, a price-to-earnings ratio of 16.94, a PEG ratio of 1.45 and a beta of 1.08. The firm’s fifty day moving average is $33.88 and its 200 day moving average is $35.16. The company has a quick ratio of 0.92, a current ratio of 0.94 and a debt-to-equity ratio of 0.37. National Bank Holdings Corp has a 52-week low of $29.26 and a 52-week high of $39.89.
National Bank (NYSE:NBHC) last released its quarterly earnings results on Tuesday, July 23rd. The financial services provider reported $0.64 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.62 by $0.02. The company had revenue of $73.15 million for the quarter, compared to the consensus estimate of $72.64 million. National Bank had a net margin of 24.37% and a return on equity of 10.60%. During the same quarter in the prior year, the firm earned $0.56 earnings per share. On average, equities research analysts anticipate that National Bank Holdings Corp will post 2.43 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Friday, August 30th will be paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 2.08%. The ex-dividend date of this dividend is Thursday, August 29th. National Bank’s payout ratio is 35.19%.
A number of institutional investors have recently added to or reduced their stakes in the stock. Skandinaviska Enskilda Banken AB publ purchased a new stake in shares of National Bank in the second quarter valued at $109,000. Aperio Group LLC purchased a new stake in shares of National Bank in the second quarter valued at $193,000. Bank of Montreal Can raised its stake in shares of National Bank by 66.8% in the second quarter. Bank of Montreal Can now owns 6,182 shares of the financial services provider’s stock valued at $224,000 after acquiring an additional 2,476 shares during the period. BNP Paribas Arbitrage SA raised its stake in shares of National Bank by 997.5% in the first quarter. BNP Paribas Arbitrage SA now owns 6,574 shares of the financial services provider’s stock valued at $219,000 after acquiring an additional 5,975 shares during the period. Finally, Piedmont Investment Advisors Inc. purchased a new stake in shares of National Bank in the first quarter valued at $220,000. 94.24% of the stock is currently owned by institutional investors.
A number of research firms recently issued reports on NBHC. ValuEngine downgraded shares of National Bank from a “hold” rating to a “sell” rating in a research note on Wednesday, July 17th. Zacks Investment Research downgraded shares of National Bank from a “buy” rating to a “hold” rating in a research note on Wednesday, July 31st.
About National Bank
National Bank Holdings Corporation operates as the bank holding company for NBH Bank, N.A. that provides various banking products and financial services to commercial, business, and consumer clients in the United States. The company offers deposit products, including checking accounts, savings accounts, money market accounts, and other deposit accounts, including fixed-rate and fixed maturity time deposits.
Featured Story: What is a SEC Filing?
Receive News & Ratings for National Bank Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for National Bank and related companies with MarketBeat.com's FREE daily email newsletter.