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

Key Points

• Director Art Zeile sold 4,000 National Bank shares for $149,720, reducing his position by 20.19% to 15,816 shares.
• National Bank reported quarterly EPS of $0.06, well below the $0.79 analyst consensus, and revenue of $126.44 million versus the $134.81 million estimate.
• Analyst sentiment is mixed but averages to a Hold rating, with a consensus price target of $42.33.

National Bank Holdings Corporation (NYSE:NBHC - Get Free Report) Director Art Zeile sold 4,000 shares of the stock in a transaction on Friday, October 30th. The stock was sold at an average price of $37.43, for a total value of $149,720.00. Following the sale, the director owned 15,816 shares in the company, valued at approximately $591,992.88. This represents a 20.19% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

National Bank Stock Performance

Shares of National Bank stock traded down $0.56 during trading hours on Tuesday, reaching $37.50. The company had a trading volume of 501,186 shares, compared to its average volume of 458,679. National Bank Holdings Corporation has a one year low of $35.47 and a one year high of $47.28. The business has a fifty day simple moving average of $39.63 and a 200 day simple moving average of $41.31. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.96 and a quick ratio of 0.96. The firm has a market cap of $1.67 billion, a PE ratio of 29.77 and a beta of 0.84.

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. DA Davidson cut their price objective on shares of National Bank from $45.00 to $43.00 and set a "buy" rating for the company in a research report on Monday, October 5th. Zacks Research upgraded shares of National Bank from a "strong sell" rating to a "hold" rating in a research report on Monday, October 5th. Stephens decreased their price target on shares of National Bank from $44.00 to $39.00 and set an "equal weight" rating on the stock in a report on Monday. Weiss Ratings downgraded National Bank from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Monday, October 19th. Finally, Piper Sandler dropped their price objective on National Bank from $49.00 to $45.00 and set an "overweight" rating for the company in a research note on Thursday, October 15th. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $42.33.

Institutional Investors Weigh In On National Bank

Large investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its stake in shares of National Bank by 2.0% during the first quarter. Dimensional Fund Advisors LP now owns 2,100,944 shares of the financial services provider's stock worth $82,271,000 after acquiring an additional 40,669 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of National Bank by 3.3% in the 1st quarter. Bank of New York Mellon Corp now owns 343,744 shares of the financial services provider's stock valued at $13,461,000 after purchasing an additional 11,010 shares in the last quarter. Sei Investments Co. boosted its stake in shares of National Bank by 5.9% in the 1st quarter. Sei Investments Co. now owns 337,005 shares of the financial services provider's stock valued at $13,197,000 after purchasing an additional 18,785 shares in the last quarter. North Reef Capital Management LP bought a new position in shares of National Bank during the 1st quarter valued at $12,545,000. Finally, ProShare Advisors LLC grew its holdings in shares of National Bank by 3,598.6% during the 3rd quarter. ProShare Advisors LLC now owns 231,164 shares of the financial services provider's stock valued at $9,059,000 after purchasing an additional 224,914 shares during the last quarter. Hedge funds and other institutional investors own 92.65% of the company's stock.

About National Bank

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.

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