Brian F. Lilly Sells 17,990 Shares of National Bank Holdings Corp. (NBHC) Stock
National Bank Holdings Corp. (NYSE:NBHC) CFO Brian F. Lilly sold 17,990 shares of National Bank Holdings Corp. stock in a transaction on Friday, November 25th. The shares were sold at an average price of $27.32, for a total value of $491,486.80. Following the transaction, the chief financial officer now owns 266,850 shares in the company, valued at $7,290,342. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Shares of National Bank Holdings Corp. (NYSE:NBHC) opened at 27.00 on Wednesday. The company has a market capitalization of $701.00 million, a price-to-earnings ratio of 48.47 and a beta of 0.58. The stock’s 50 day moving average price is $24.78 and its 200 day moving average price is $22.46. National Bank Holdings Corp. has a 1-year low of $18.41 and a 1-year high of $27.76.
National Bank Holdings Corp. (NYSE:NBHC) last issued its earnings results on Thursday, October 20th. The financial services provider reported $0.30 EPS for the quarter, beating the consensus estimate of $0.21 by $0.09. The company earned $40.76 million during the quarter, compared to analysts’ expectations of $45.60 million. National Bank Holdings Corp. had a net margin of 7.82% and a return on equity of 4.03%. The business’s revenue for the quarter was down 3.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.05 EPS. Analysts expect that National Bank Holdings Corp. will post $0.67 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Friday, November 25th will be given a $0.07 dividend. The ex-dividend date is Tuesday, November 22nd. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.04%. This is a boost from National Bank Holdings Corp.’s previous quarterly dividend of $0.05. National Bank Holdings Corp.’s dividend payout ratio is currently 49.12%.
TRADEMARK VIOLATION NOTICE: “Brian F. Lilly Sells 17,990 Shares of National Bank Holdings Corp. (NBHC) Stock” was published by The Cerbat Gem and is the propert of of The Cerbat Gem. If you are accessing this article on another publication, it was illegally copied and reposted in violation of U.S. and international copyright & trademark law. The original version of this article can be read at https://www.thecerbatgem.com/2016/11/30/brian-f-lilly-sells-17990-shares-of-national-bank-holdings-corp-nbhc-stock.html.
Several hedge funds have recently added to or reduced their stakes in NBHC. Renaissance Technologies LLC boosted its stake in National Bank Holdings Corp. by 6.7% in the first quarter. Renaissance Technologies LLC now owns 869,400 shares of the financial services provider’s stock worth $17,727,000 after buying an additional 54,900 shares in the last quarter. Eagle Boston Investment Management Inc. boosted its stake in National Bank Holdings Corp. by 2.7% in the second quarter. Eagle Boston Investment Management Inc. now owns 552,412 shares of the financial services provider’s stock worth $11,247,000 after buying an additional 14,409 shares in the last quarter. Capital Fund Management S.A. purchased a new stake in National Bank Holdings Corp. during the second quarter worth approximately $303,000. Bbva Compass Bancshares Inc. purchased a new stake in National Bank Holdings Corp. during the second quarter worth approximately $305,000. Finally, Bank of New York Mellon Corp boosted its stake in National Bank Holdings Corp. by 0.7% in the second quarter. Bank of New York Mellon Corp now owns 450,030 shares of the financial services provider’s stock worth $9,162,000 after buying an additional 3,286 shares in the last quarter.
Several equities analysts have recently issued reports on NBHC shares. Hovde Group started coverage on National Bank Holdings Corp. in a research report on Wednesday, September 7th. They set a “market perform” rating and a $25.00 price target on the stock. Zacks Investment Research upgraded National Bank Holdings Corp. from a “hold” rating to a “buy” rating and set a $27.00 price target on the stock in a research report on Wednesday, October 26th. Finally, Stephens upgraded National Bank Holdings Corp. from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $21.00 to $25.00 in a research report on Friday, August 12th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $23.33.
About National Bank Holdings Corp.
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.
Receive News & Stock Ratings for National Bank Holdings Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for National Bank Holdings Corp. and related stocks with our FREE daily email newsletter.