National bank holdings chief risk officer sells $959k in stock

Richard U. Newfield Jr., Chief Risk Management Officer at National Bank Holdings Corp (NYSE:), recently sold shares of the company. According to a recent SEC filing, Newfield sold 19,259 shares of common stock at an average weighted price of $49.81 per share, amounting to a total sale of approximately $959,290.

On the same day, Newfield also exercised stock options to acquire 19,259 shares at a price of $23.10 per share, totaling approximately $444,882. Following these transactions, Newfield holds 143,210 shares of National Bank Holdings Corp.

The transactions took place on November 13, 2024, and were reported to the SEC on November 15, 2024.

In other recent news, National Bank Holdings reported a robust financial performance in its third quarter, with earnings of $33.1 million, or $0.86 per diluted share. The bank also saw a 20% annualized increase in net interest income and non-interest income of $18.4 million. Deposit balances grew by $120 million, and a decrease in nonperforming loan ratio and charge-offs was noted.

Following these results, Piper Sandler has raised the price target for National Bank Holdings to $48 and maintained a Neutral rating. The firm expects a stronger margin forecast, higher net interest income, and increased fee income for the bank. Earnings per share estimates for 2024 and 2025 have been increased to $3.15 and $3.20, respectively, with a new estimate for 2026 introduced at $3.45.

Stephens, another financial services firm, has also increased its price target for National Bank Holdings to $49, reflecting the bank's strong financial performance. The bank's non-interest income for the fourth quarter 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

As Richard U. Newfield Jr. adjusts his position in National Bank Holdings Corp (NYSE:NBHC), investors might find additional context from recent financial metrics and analyst insights valuable. According to InvestingPro data, NBHC boasts a market capitalization of $1.84 billion and a P/E ratio of 14.86, suggesting a relatively modest valuation compared to some peers in the banking sector.

The company's financial health appears robust, with InvestingPro Tips highlighting that NBHC has maintained dividend payments for 13 consecutive years and has raised its dividend for 9 consecutive years. This consistent dividend policy could be attractive to income-focused investors, especially considering the current dividend yield of 2.39%.

NBHC's stock performance has been particularly strong in recent months, with InvestingPro data showing a 20.52% price total return over the past three months and an impressive 37.49% return over the last six months. This upward momentum aligns with an InvestingPro Tip noting a "strong return over the last three months."

While the company faces challenges, such as weak gross profit margins and an expected drop in net income this year, analysts remain optimistic. An InvestingPro Tip reveals that three analysts have revised their earnings upwards for the upcoming period, suggesting potential confidence in the company's near-term prospects.

For investors seeking a more comprehensive analysis, InvestingPro offers 11 additional tips for NBHC, providing a deeper dive into the company's financial health and market position.

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