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National Bank Holdings Corp's (NYSE:NBHC) Chief Accounting Officer, Nicole Van Denabeele, has recently sold shares worth more than $112,000, according to a new SEC filing. The transaction involved a total of 2,652 shares of the company's common stock at an average price of $42.28. The sales were executed in various transactions at prices ranging from $42.22 to $42.30.
In addition to the sale, Van Denabeele also acquired a total of 2,652 shares through the exercise of stock options. The options were exercised at prices between $23.10 and $33.46, amounting to a total transaction value of $73,367. These transactions occurred on August 22, 2024, and were reported in a Form 4 document filed with the SEC on August 26, 2024.
The filing also revealed that Van Denabeele's stock option exercises were related to time-vested awards that vested in three equal annual installments, with the first installments occurring on different dates from April 2020 to April 2024.
Following these transactions, Van Denabeele's direct ownership in National Bank Holdings Corp's common stock has been adjusted to 8,418 shares. The company, which is incorporated in Delaware and operates in the national commercial banks sector, is headquartered in Greenwood Village, Colorado.
Investors and interested parties can access full details of the transactions, including the specific number of shares sold at each price within the reported range, upon request to National Bank Holdings Corporation or the Securities and Exchange Commission.
In other recent news, National Bank Holdings Corporation declared a quarterly cash dividend of $0.28 per share for its shareholders, payable on September 13, 2024. This decision reflects the company's commitment to delivering high-quality client service and achieving stakeholder results. In parallel, DA Davidson has raised its price target for National Bank Holdings to $51.00, reaffirming its Buy rating on the stock. The firm cites the bank's strategic management of operations and investments, along with the bank's solid Q1 results, as reasons for this decision.
More recently, National Bank Holdings has reported steady Q2 performance, with earnings of $0.68 per diluted share and a net interest margin of 3.7%. This performance was complemented by an annualized loan increase of 8.1% and a rise in average deposits by 7.9%. The bank remains optimistic about its future, particularly with the progress of its 2UniFi project and an active focus on mergers and acquisitions. These developments indicate the bank's ongoing commitment to strategic growth and operational efficiency.
InvestingPro Insights
Amidst the recent transactions by National Bank Holdings Corp's (NYSE:NBHC) Chief Accounting Officer, Nicole Van Denabeele, the company's financial health and stock performance remain key factors for investors. With a solid market capitalization of $1.63 billion and a P/E ratio standing at a modest 13.01, National Bank Holdings Corp showcases a balance between value and growth prospects.
InvestingPro Tips highlight that National Bank Holdings has a history of rewarding shareholders, with a high shareholder yield and a consistent track record of raising its dividend for 8 consecutive years. This commitment is further underlined by the fact that the company has maintained dividend payments for 13 consecutive years, with the latest dividend growth reported at 7.69%.
Moreover, the company's stock has experienced a strong return over the last three months, with a 19.31% price total return, and an even more impressive six-month price total return of 33.53%. These figures suggest a robust short-term performance that may be of interest to investors looking for momentum in their portfolio.
For those seeking further insights, InvestingPro offers additional tips on National Bank Holdings Corp, which can be accessed at https://www.investing.com/pro/NBHC. Currently, there are 11 more InvestingPro Tips available, offering a comprehensive analysis for interested investors.
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