National Bank Holdings Corp (NYSE:NBHC) CEO G. Timothy Laney has sold a total of 16,063 shares of the company's common stock, according to a recent filing with the Securities and Exchange Commission. The transactions, which took place on August 26, 2024, amounted to over $696,000 at an average weighted price of $43.34 per share.
Investors tracking insider activity may note that the shares were sold in multiple transactions at prices ranging from $43.00 to $44.13. As CEO and a director of the bank, Laney's transactions are closely watched for insights into executive sentiment toward the company's performance and outlook.
Following the sale, the CEO still owns a significant number of shares, with 256,026 shares remaining in his possession. This indicates that while taking some profits, Laney continues to have substantial skin in the game with regard to the company's future.
National Bank Holdings Corp, with its headquarters in Greenwood Village, Colorado, operates a series of banking centers across the United States. The sale by the CEO comes amidst the regular course of business and provides transparency into the trading activities of the company's insiders.
Shareholders and potential investors can request detailed information about the exact number of shares sold at each price point within the reported range by contacting National Bank Holdings Corporation directly.
This recent insider trading activity offers a glimpse into the actions of top executives at National Bank Holdings Corp and can be a factor for investors to consider as part of their investment research.
In other recent news, National Bank Holdings Corporation reported a steady second-quarter performance, with earnings of $0.68 per diluted share, and a net interest margin of 3.7%. The company also announced a dividend payment of $0.28 per share, scheduled for September 2024. Amid these developments, DA Davidson raised its price target for National Bank Holdings from $45.00 to $51.00, maintaining its Buy rating.
The bank's financial performance has been scrutinized, with attention to its earning assets and investment outcomes. The bank's strategic management of operations and investments, such as those in Cambr and 2UniFi, are seen as key drivers for future growth and performance. National Bank Holdings is actively exploring mergers and acquisitions, and is making significant progress with its new banking platform, 2UniFi.
These are recent developments that have unfolded in the company. The bank's financial performance, dividend announcement, and DA Davidson's upgraded target price are all noteworthy events that have occurred recently. It's important to note that this information is based on the company's announcements and analyst notes, with no speculation or personal assessment involved.
InvestingPro Insights
National Bank Holdings Corp (NYSE:NBHC) has demonstrated a strong performance in the market with a notable price uptick of 32.05% over the last six months, according to InvestingPro data. The company's robust revenue growth of 8.57% in the last twelve months as of Q2 2024 underscores its financial progress, despite a quarterly dip of -6.95% in the same period. Investors may find reassurance in the company's consistent dividend payments, having raised its dividend for 8 consecutive years, and maintaining dividend payments for 13 consecutive years.
InvestingPro Tips reveal that NBHC has a high shareholder yield and is trading at a low P/E ratio of 13.02 relative to near-term earnings growth, suggesting a potentially undervalued stock in light of its growth prospects. Additionally, the company has a solid return on assets of 1.28% as of Q2 2024, which indicates efficient use of its assets in generating earnings.
While the CEO's recent sale of shares may draw attention, it's important for investors to consider the broader financial context provided by these metrics. For a deeper dive into National Bank Holdings Corp's performance and additional InvestingPro Tips, interested parties can explore further at InvestingPro, where 10 more tips are available to help guide investment decisions.
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