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

Shares of National Bank Holdings Corporation (NYSE:NBHC) reached a new 52-week high on Wednesday . The company traded as high as $45.41 and last traded at $45.48, with a volume of 69689 shares changing hands. The stock had previously closed at $44.43.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on NBHC. Wall Street Zen upgraded National Bank from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. DA Davidson restated a “buy” rating and set a $46.00 price objective on shares of National Bank in a research note on Wednesday, April 22nd. Piper Sandler lifted their price objective on shares of National Bank from $48.00 to $52.00 and gave the stock an “overweight” rating in a report on Monday, April 27th. Finally, Weiss Ratings upgraded shares of National Bank from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, June 24th. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $46.20.

National Bank Price Performance

The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.12. The stock has a market cap of $2.03 billion, a PE ratio of 16.93 and a beta of 0.78. The business has a 50-day moving average price of $42.50 and a 200 day moving average price of $40.95.

National Bank (NYSE:NBHC) last posted its earnings results on Tuesday, April 21st. The financial services provider reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.07. National Bank had a net margin of 17.14% and a return on equity of 8.72%. The firm had revenue of $126.78 million during the quarter, compared to the consensus estimate of $129.30 million. During the same quarter last year, the company earned $0.63 earnings per share. The company’s revenue was up 37.8% on a year-over-year basis. As a group, research analysts forecast that National Bank Holdings Corporation will post 3.51 earnings per share for the current fiscal year.

National Bank Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, May 29th were given a dividend of $0.32 per share. The ex-dividend date was Friday, May 29th. This represents a $1.28 annualized dividend and a dividend yield of 2.8%. National Bank’s dividend payout ratio is currently 47.76%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Deprince Race & Zollo Inc. raised its position in shares of National Bank by 215.4% in the fourth quarter. Deprince Race & Zollo Inc. now owns 1,162,432 shares of the financial services provider’s stock worth $44,184,000 after buying an additional 793,902 shares in the last quarter. North Reef Capital Management LP purchased a new position in National Bank during the first quarter worth about $12,545,000. AQR Capital Management LLC increased its stake in National Bank by 138.9% in the 4th quarter. AQR Capital Management LLC now owns 430,078 shares of the financial services provider’s stock worth $16,347,000 after acquiring an additional 250,088 shares during the last quarter. Russell Investments Group Ltd. increased its stake in National Bank by 143.3% in the 4th quarter. Russell Investments Group Ltd. now owns 405,164 shares of the financial services provider’s stock worth $15,400,000 after acquiring an additional 238,642 shares during the last quarter. Finally, Millennium Management LLC raised its holdings in shares of National Bank by 2,057.9% in the 1st quarter. Millennium Management LLC now owns 199,453 shares of the financial services provider’s stock valued at $7,633,000 after acquiring an additional 190,210 shares in the last quarter. Institutional investors own 92.65% of the company’s stock.

About National Bank

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.