National Bank (NYSE:NBHC) Shares Gap Down - Should You Sell?

National Bank Holdings Co. (NYSE:NBHC - Get Free Report) shares gapped down before the market opened on Monday . The stock had previously closed at $44.55, but opened at $43.34. National Bank shares last traded at $43.42, with a volume of 9,830 shares.

Analyst Ratings Changes

Several brokerages have recently commented on NBHC. DA Davidson boosted their price target on National Bank from $42.00 to $45.00 and gave the stock a "buy" rating in a research note on Tuesday, July 2nd. StockNews.com cut National Bank from a "hold" rating to a "sell" rating in a research report on Wednesday, July 24th. Piper Sandler cut shares of National Bank from an "overweight" rating to a "neutral" rating and increased their price objective for the company from $42.00 to $46.00 in a research note on Thursday, July 25th. Hovde Group lifted their target price on shares of National Bank from $42.00 to $50.00 and gave the stock an "outperform" rating in a research report on Friday, July 26th. Finally, Stephens raised their price objective on shares of National Bank from $38.00 to $46.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 25th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $46.40.

National Bank Trading Down 4.0 %

The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.07. The firm has a market capitalization of $1.58 billion, a PE ratio of 11.98 and a beta of 0.85. The business's fifty day moving average price is $41.90 and its 200 day moving average price is $39.01.

National Bank (NYSE:NBHC - Get Free Report) last issued its quarterly earnings results on Tuesday, July 23rd. The financial services provider reported $0.68 earnings per share for the quarter, missing analysts' consensus estimates of $0.74 by ($0.06). The business had revenue of $99.31 million for the quarter, compared to analysts' expectations of $102.96 million. National Bank had a return on equity of 10.44% and a net margin of 21.40%. The company's revenue for the quarter was down 5.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.85 EPS. As a group, analysts expect that National Bank Holdings Co. will post 3.03 EPS for the current fiscal year.

National Bank Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were issued a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 2.69%. The ex-dividend date of this dividend was Friday, August 30th. National Bank's dividend payout ratio (DPR) is 32.18%.

Insider Transactions at National Bank

In related news, CEO G. Timothy Laney sold 49,763 shares of the stock in a transaction on Monday, July 29th. The stock was sold at an average price of $42.64, for a total value of $2,121,894.32. Following the transaction, the chief executive officer now directly owns 272,126 shares of the company's stock, valued at approximately $11,603,452.64. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, CEO G. Timothy Laney sold 49,763 shares of the firm's stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $42.64, for a total value of $2,121,894.32. Following the transaction, the chief executive officer now owns 272,126 shares in the company, valued at approximately $11,603,452.64. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Valerie D. Kramer sold 725 shares of the stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $40.17, for a total transaction of $29,123.25. Following the completion of the sale, the insider now directly owns 10,398 shares of the company's stock, valued at $417,687.66. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 103,192 shares of company stock worth $4,431,998 in the last three months. Company insiders own 3.10% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its holdings in shares of National Bank by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 4,220,345 shares of the financial services provider's stock valued at $156,955,000 after buying an additional 25,349 shares during the period. Boston Partners grew its holdings in National Bank by 743.6% during the 1st quarter. Boston Partners now owns 200,094 shares of the financial services provider's stock valued at $7,211,000 after purchasing an additional 176,375 shares in the last quarter. Westwood Holdings Group Inc. increased its stake in National Bank by 2.1% during the 1st quarter. Westwood Holdings Group Inc. now owns 935,119 shares of the financial services provider's stock worth $33,730,000 after buying an additional 19,016 shares during the period. Dimensional Fund Advisors LP lifted its holdings in National Bank by 9.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,950,210 shares of the financial services provider's stock worth $76,152,000 after buying an additional 167,711 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its position in National Bank by 87.6% in the 1st quarter. Russell Investments Group Ltd. now owns 478,748 shares of the financial services provider's stock valued at $17,268,000 after buying an additional 223,505 shares during the last quarter. 92.65% of the stock is owned by hedge funds and other institutional investors.

About National Bank

National Bank Holdings Corporation operates as the bank holding company for NBH Bank that provides various banking products and financial services to commercial, business, and consumer clients in the United States. It offers deposit products, including checking, savings, money market, and other deposit accounts, including fixed-rate and fixed maturity time deposits.