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

National Bank Holdings Corporation (NYSE:NBHC) Director Art Zeile sold 4,000 shares of the company’s stock in a transaction dated 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 transaction, the director directly owned 15,816 shares of the company’s stock, valued at approximately $591,992.88. The trade was a 20.19% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

National Bank Stock Performance

NYSE:NBHC opened at $38.25 on Thursday. The company has a market capitalization of $1.70 billion, a PE ratio of 30.36 and a beta of 0.83. National Bank Holdings Corporation has a fifty-two week low of $35.50 and a fifty-two week high of $47.28. The company has a 50 day simple moving average of $39.49 and a two-hundred day simple moving average of $41.28. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.96 and a current ratio of 0.96.

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

National Bank Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Friday, November 27th will be issued a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 3.5%. This is a boost from National Bank’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend is Friday, November 27th. National Bank’s dividend payout ratio is presently 101.59%.

Analyst Ratings Changes

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

Institutional Investors Weigh In On National Bank

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Nykredit A S bought a new stake in National Bank in the second quarter valued at about $34,000. Versant Capital Management Inc boosted its position in shares of 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 purchasing an additional 462 shares during the last quarter. Integrated Wealth Concepts LLC bought a new stake in shares of National Bank in the 2nd quarter valued at about $90,000. Arrowstreet Capital Limited Partnership bought a new position in National Bank during the first quarter worth about $219,000. Finally, Pictet Asset Management Holding SA bought a new stake in National Bank during the 1st quarter worth approximately $221,000. Institutional investors and hedge funds own 92.65% of the company’s stock.

More National Bank News

Here are the key news stories impacting National Bank this week:

• Positive Sentiment: The company raised its quarterly dividend 3.1%, from $0.32 to $0.33 per share. The payment is scheduled for December 15 to shareholders of record November 27, equivalent to $1.32 annually and a yield of about 3.4%. Dividend announcement
• Negative Sentiment: Stephens cut its NBHC price target to $39 from $44 and maintained an Equal Weight rating, signaling less upside in the analyst’s view. Stephens price-target update
• Negative Sentiment: Director Art Zeile sold 4,000 shares for about $149,720, reducing his direct holdings by roughly 20%. Insider sales can weigh on sentiment, though the transaction alone does not establish the director’s reason for selling. Director stock sale

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.