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National Bank Holdings Corp (NBHC) gets rating Reiterated from Hovde Group

National Bank Holdings Corp’s filing revealed that its CHIEF EXECUTIVE OFFICER LANEY G. TIMOTHY unloaded Company’s shares for reported $0.7 million on Aug 26 ’24. In the deal valued at $43.34 per share,16,063 shares were sold. As a result of this transaction, LANEY G. TIMOTHY now holds 256,026 shares worth roughly $11.22 million.

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Then, Clermont Ralph W sold 10,000 shares, generating $441,800 in total proceeds. Upon selling the shares at $44.18, the Director now owns 66,653 shares.

Before that, Kramer Valerie D. sold 278 shares. National Bank Holdings Corp shares valued at $12,318 were divested by the Chief Digital Officer at a price of $44.31 per share. As a result of the transaction, Kramer Valerie D. now holds 10,120 shares, worth roughly $0.44 million.

Hovde Group reiterated its National Bank Holdings Corp [NBHC] rating to an Outperform in a research note published on July 26, 2024; the price target was $50. A number of analysts have revised their coverage, including Piper Sandler’s analysts, who decreased its forecast for the stock in late July from “an Overweight” to “a Neutral”. Hovde Group also remained covering NBHC and reiterated its “an Outperform” recommendation on April 29, 2024. Piper Sandler revised its rating on September 20, 2021. It rated NBHC as “an Overweight” which previously was an “a Neutral”.

Price Performance Review of NBHC

On Friday, National Bank Holdings Corp [NYSE:NBHC] saw its stock jump 0.76% to $43.81. Over the last five days, the stock has gained 0.07%. National Bank Holdings Corp shares have risen nearly 17.80% since the year began. Nevertheless, the stocks have risen 39.83% over the past one year. While a 52-week high of $46.51 was reached on 07/23/24, a 52-week low of $28.38 was recorded on 04/17/24. SMA at 50 days reached $41.05, while 200 days put it at $36.54.

Levels Of Support And Resistance For NBHC Stock

The 24-hour chart illustrates a support level at 43.34, which if violated will result in even more drops to 42.87. On the upside, there is a resistance level at 44.06. A further resistance level may holdings at 44.31. The Relative Strength Index (RSI) on the 14-day chart is 64.44, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.49, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 17.91%. Stochastics %K at 78.52% indicates the stock is a holding.

How much short interest is there in National Bank Holdings Corp?

A steep rise in short interest was recorded in National Bank Holdings Corp stocks on 2024-08-15, dropping by -0.18 million shares to a total of 0.67 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-15 was 0.85 million shares. There was a decline of -26.34%, which implies that there is a negative sentiment for the stock.

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