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

National Bank Holdings Corporation (NYSE:NBHC) shares hit a new 52-week high during trading on Friday . The company traded as high as $43.09 and last traded at $42.9850, with a volume of 151035 shares trading hands. The stock had previously closed at $41.25.

Analysts Set New Price Targets

NBHC has been the topic of a number of research analyst reports. Weiss Ratings raised National Bank from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, March 30th. DA Davidson reissued a “buy” rating and set a $46.00 price target on shares of National Bank in a report on Monday, April 6th. Piper Sandler initiated coverage on National Bank in a report on Wednesday, March 25th. They set an “overweight” rating and a $48.00 price target on the stock. Zacks Research raised National Bank from a “strong sell” rating to a “hold” rating in a report on Monday, December 22nd. Finally, Wall Street Zen cut National Bank from a “hold” rating to a “sell” rating in a research note on Saturday, January 31st. Five research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, National Bank currently has a consensus rating of “Moderate Buy” and a consensus price target of $45.40.

National Bank Price Performance

The company has a 50 day moving average of $40.23 and a two-hundred day moving average of $39.05. The firm has a market cap of $1.91 billion, a P/E ratio of 14.88 and a beta of 0.78. The company has a quick ratio of 0.93, a current ratio of 0.94 and a debt-to-equity ratio of 0.04.

National Bank (NYSE:NBHC) last announced its earnings results on Tuesday, January 27th. The financial services provider reported $0.60 earnings per share for the quarter, missing the consensus estimate of $0.87 by ($0.27). National Bank had a net margin of 18.66% and a return on equity of 8.65%. The firm had revenue of $99.08 million for the quarter, compared to the consensus estimate of $107.48 million. During the same period in the prior year, the business earned $0.86 EPS. Sell-side analysts expect that National Bank Holdings Corporation will post 3.31 EPS for the current year.

National Bank Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 13th. Investors of record on Friday, February 27th were paid a dividend of $0.32 per share. This is an increase from National Bank’s previous quarterly dividend of $0.31. This represents a $1.28 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend was Friday, February 27th. National Bank’s dividend payout ratio (DPR) is 44.91%.

Insiders Place Their Bets

In other news, insider John Steinmetz bought 24,200 shares of the firm’s stock in a transaction that occurred on Wednesday, February 11th. The stock was acquired at an average price of $41.41 per share, with a total value of $1,002,122.00. Following the completion of the purchase, the insider directly owned 536,504 shares of the company’s stock, valued at $22,216,630.64. This represents a 4.72% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 2.90% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On National Bank

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. State Street Corp boosted its position in shares of National Bank by 2.6% in the 4th quarter. State Street Corp now owns 1,888,885 shares of the financial services provider’s stock valued at $71,797,000 after purchasing an additional 47,991 shares during the period. Deprince Race & Zollo Inc. boosted its position in shares of National Bank by 215.4% in the 4th quarter. Deprince Race & Zollo Inc. now owns 1,162,432 shares of the financial services provider’s stock valued at $44,184,000 after purchasing an additional 793,902 shares during the period. Segall Bryant & Hamill LLC boosted its position in shares of National Bank by 6.8% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 964,261 shares of the financial services provider’s stock valued at $37,259,000 after purchasing an additional 61,771 shares during the period. Assenagon Asset Management S.A. acquired a new position in shares of National Bank in the 3rd quarter valued at $25,869,000. Finally, Leeward Investments LLC MA boosted its position in shares of National Bank by 20.9% in the 4th quarter. Leeward Investments LLC MA now owns 534,211 shares of the financial services provider’s stock valued at $20,305,000 after purchasing an additional 92,489 shares during the period. Institutional investors and hedge funds own 92.65% of the company’s stock.

National Bank Company Profile

National Bank Holdings Corporation (NYSE: NBHC) is a diversified financial services holding company headquartered in Cape Girardeau, Missouri. Through its network of community bank subsidiaries, the company provides deposit, lending and payment solutions to consumer, small business and commercial clients across multiple U.S. markets.

Since its founding in 1992, National Bank Holdings has pursued a growth strategy focused on acquiring and integrating locally branded community banks. Its footprint spans the Midwest and Southern United States, including Missouri, Kansas, Oklahoma, Texas, Colorado, Illinois and Tennessee.