Valerie D. Kramer, the Chief Digital Officer at National Bank Holdings Corp (NYSE:NBHC), recently executed a series of stock transactions, according to a recent SEC filing. On November 8, Kramer sold a total of 1,275 shares of common stock at a weighted average price of $49.62, generating $63,245. Another sale occurred on November 11, involving 897 shares at $50.11, amounting to $44,969. These transactions brought the total value of her sales to $108,214.
Additionally, Kramer exercised options to acquire 678 shares at $32.65 and 597 shares at $34.90 on November 8, with the total value of these acquisitions reaching $42,972. Following these transactions, Kramer holds 9,755 shares directly.
In other recent news, National Bank Holdings reported strong third-quarter results, with earnings of $33.1 million or $0.86 per diluted share. The bank also witnessed a 20% annualized increase in net interest income and non-interest income of $18.4 million. Analyst firms Piper Sandler and Stephens responded to these results by raising their stock price targets for National Bank. Piper Sandler increased its target from $44 to $48, while Stephens raised its target to $49 from $46. Both firms maintained neutral ratings on the bank's stock.
Piper Sandler updated its forecasting model, expecting a stronger margin forecast, higher net interest income, increased fee income, and modestly higher expenses. EPS estimates for 2024 and 2025 were revised to $3.15 and $3.20, respectively, and a new EPS estimate for 2026 was introduced at $3.45. Similarly, Stephens increased its operational EPS forecast for 2025 to $3.30.
The bank's deposit balances grew by $120 million, and a decrease in nonperforming loan ratio and charge-offs was noted. Non-interest income for Q4 is projected to be between $16 million and $18 million, with non-interest expenses anticipated to be between $64 million and $66 million. These are the recent developments for National Bank Holdings.
InvestingPro Insights
National Bank Holdings Corp (NYSE:NBHC) has been demonstrating strong financial performance, as reflected in recent market trends and analyst expectations. According to InvestingPro data, NBHC has shown impressive price returns, with a 58.66% total return over the past year and a substantial 40.48% return in the last six months. This upward trajectory aligns with Valerie D. Kramer's recent stock transactions, suggesting potential confidence in the company's near-term prospects.
InvestingPro Tips highlight that NBHC has raised its dividend for 9 consecutive years, indicating a commitment to shareholder value. This is further supported by the company's current dividend yield of 2.36% and a notable dividend growth of 11.54% over the last twelve months. These factors contribute to NBHC's high shareholder yield, which could be attractive to investors seeking steady income streams.
The company's P/E ratio of 15.25 suggests a reasonable valuation compared to industry peers, while its price-to-book ratio of 1.44 indicates that the stock may be trading close to its intrinsic value. With 3 analysts revising their earnings upwards for the upcoming period, there appears to be optimism about NBHC's future financial performance.
For investors seeking a more comprehensive analysis, InvestingPro offers 11 additional tips on NBHC, providing a deeper dive into the company's financial health and market position.
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