National Bank (NYSE:NBHC) Hits New 1-Year High – What’s Next?

National Bank Holdings Co. (NYSE:NBHC) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $49.92 and last traded at $49.92, with a volume of 1674 shares changing hands. The stock had previously closed at $45.09.

Analyst Ratings Changes

Several brokerages have weighed in on NBHC. Piper Sandler increased their price target on National Bank from $44.00 to $48.00 and gave the stock a “neutral” rating in a research report on Thursday, October 24th. DA Davidson boosted their target price on National Bank from $51.00 to $53.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Keefe, Bruyette & Woods lifted their price target on shares of National Bank from $39.00 to $45.00 and gave the company a “market perform” rating in a research report on Monday, July 29th. StockNews.com lowered shares of National Bank from a “hold” rating to a “sell” rating in a research report on Wednesday, July 24th. Finally, Hovde Group boosted their target price on National Bank from $50.00 to $51.00 and gave the company an “outperform” rating in a research report on Monday, October 28th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $49.20.

National Bank Stock Down 4.0 %

The firm’s 50-day moving average price is $42.86 and its 200 day moving average price is $40.02. The firm has a market capitalization of $1.87 billion, a price-to-earnings ratio of 15.23 and a beta of 0.84. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.92 and a quick ratio of 0.92.

National Bank (NYSE:NBHC) last announced its quarterly earnings results on Tuesday, October 22nd. The financial services provider reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.76 by $0.10. National Bank had a net margin of 20.52% and a return on equity of 9.93%. The company had revenue of $156.39 million for the quarter, compared to analyst estimates of $102.32 million. During the same quarter last year, the business earned $0.94 EPS. Sell-side analysts expect that National Bank Holdings Co. will post 3.18 EPS for the current year.

National Bank Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be paid a dividend of $0.29 per share. This is an increase from National Bank’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.16 annualized dividend and a yield of 2.36%. National Bank’s payout ratio is 34.67%.

Insider Buying and Selling

In other National Bank news, insider Valerie D. Kramer sold 725 shares of the firm’s stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $40.17, for a total transaction of $29,123.25. Following the completion of the transaction, the insider now directly owns 10,398 shares of the company’s stock, valued at $417,687.66. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Art Zeile sold 3,875 shares of the business’s stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $41.27, for a total value of $159,921.25. Following the sale, the director now directly owns 16,202 shares in the company, valued at $668,656.54. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Valerie D. Kramer sold 725 shares of the company’s stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $40.17, for a total transaction of $29,123.25. Following the completion of the sale, the insider now owns 10,398 shares of the company’s stock, valued at approximately $417,687.66. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 34,691 shares of company stock valued at $1,502,496 in the last quarter. Company insiders own 3.30% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Boston Partners grew its stake in National Bank by 743.6% in the 1st quarter. Boston Partners now owns 200,094 shares of the financial services provider’s stock valued at $7,211,000 after buying an additional 176,375 shares during the last quarter. Westwood Holdings Group Inc. grew its position in shares of National Bank by 2.1% during the 1st quarter. Westwood Holdings Group Inc. now owns 935,119 shares of the financial services provider’s stock worth $33,730,000 after buying an additional 19,016 shares during the period. Dimensional Fund Advisors LP grew its position in shares of National Bank by 9.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,950,210 shares of the financial services provider’s stock worth $76,152,000 after buying an additional 167,711 shares during the period. Russell Investments Group Ltd. grew its position in shares of National Bank by 87.6% during the 1st quarter. Russell Investments Group Ltd. now owns 478,748 shares of the financial services provider’s stock worth $17,268,000 after buying an additional 223,505 shares during the period. Finally, Natixis Advisors LLC grew its position in shares of National Bank by 99.2% during the 2nd quarter. Natixis Advisors LLC now owns 29,816 shares of the financial services provider’s stock worth $1,164,000 after buying an additional 14,850 shares during the period. Institutional investors and hedge funds own 92.65% of the company’s stock.

About National Bank

National Bank Holdings Corporation operates as the bank holding company for NBH Bank that provides various banking products and financial services to commercial, business, and consumer clients in the United States. It offers deposit products, including checking, savings, money market, and other deposit accounts, including fixed-rate and fixed maturity time deposits.