National Bank Holdings Corp. (NBHC) CEO G. Timothy Laney Sells 30,000 Shares
National Bank Holdings Corp. (NYSE:NBHC) CEO G. Timothy Laney sold 30,000 shares of the business’s stock in a transaction on Tuesday, November 22nd. The stock was sold at an average price of $27.45, for a total value of $823,500.00. Following the completion of the sale, the chief executive officer now directly owns 756,314 shares in the company, valued at approximately $20,760,819.30. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
Shares of National Bank Holdings Corp. (NYSE:NBHC) traded up 0.22% on Wednesday, hitting $27.59. The stock had a trading volume of 122,836 shares. The company has a market capitalization of $716.32 million, a P/E ratio of 49.53 and a beta of 0.58. The firm has a 50 day moving average price of $24.55 and a 200 day moving average price of $22.32. National Bank Holdings Corp. has a one year low of $18.41 and a one year high of $27.76.
National Bank Holdings Corp. (NYSE:NBHC) last announced its quarterly earnings data on Thursday, October 20th. The financial services provider reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.09. National Bank Holdings Corp. had a net margin of 7.82% and a return on equity of 4.03%. The firm had revenue of $40.76 million for the quarter, compared to analyst estimates of $45.60 million. During the same quarter in the prior year, the business earned $0.05 earnings per share. The business’s quarterly revenue was down 3.7% compared to the same quarter last year. On average, equities research analysts predict that National Bank Holdings Corp. will post $0.67 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Friday, November 25th will be issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date of this dividend is Tuesday, November 22nd. This is a positive change from National Bank Holdings Corp.’s previous quarterly dividend of $0.05. National Bank Holdings Corp.’s dividend payout ratio is currently 35.09%.
Several large investors have recently bought and sold shares of the company. Schafer Cullen Capital Management Inc. raised its stake in National Bank Holdings Corp. by 6.7% in the third quarter. Schafer Cullen Capital Management Inc. now owns 22,880 shares of the financial services provider’s stock worth $535,000 after buying an additional 1,446 shares in the last quarter. Cullen Capital Management LLC acquired a new stake in National Bank Holdings Corp. during the third quarter worth $227,000. EJF Capital LLC raised its stake in National Bank Holdings Corp. by 0.8% in the third quarter. EJF Capital LLC now owns 1,190,573 shares of the financial services provider’s stock worth $27,824,000 after buying an additional 10,000 shares in the last quarter. D. E. Shaw & Co. Inc. raised its stake in National Bank Holdings Corp. by 51.5% in the third quarter. D. E. Shaw & Co. Inc. now owns 106,363 shares of the financial services provider’s stock worth $2,485,000 after buying an additional 36,158 shares in the last quarter. Finally, The Manufacturers Life Insurance Company acquired a new stake in National Bank Holdings Corp. during the third quarter worth $426,000.
A number of equities research analysts have recently issued reports on the company. Zacks Investment Research raised National Bank Holdings Corp. from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a research report on Wednesday, October 26th. Stephens raised National Bank Holdings Corp. from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $21.00 to $25.00 in a research report on Friday, August 12th. Finally, Hovde Group assumed coverage on National Bank Holdings Corp. in a research report on Wednesday, September 7th. They set a “market perform” rating and a $25.00 target price on the stock. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $23.33.
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National Bank Holdings Corp. 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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