National Bank (NYSE:NBHC) Hits New 12-Month High – What’s Next?

National Bank Holdings Co. (NYSE:NBHC)’s stock price reached a new 52-week high 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 Upgrades and Downgrades

Several analysts recently weighed in on the company. DA Davidson increased their price target on National Bank from $51.00 to $53.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Keefe, Bruyette & Woods raised their price objective on National Bank from $39.00 to $45.00 and gave the company a “market perform” rating in a research report on Monday, July 29th. Piper Sandler raised their price target on National Bank from $44.00 to $48.00 and gave the stock a “neutral” rating in a report on Thursday, October 24th. StockNews.com downgraded National Bank from a “hold” rating to a “sell” rating in a report on Wednesday, July 24th. Finally, Stephens raised their price objective on National Bank from $46.00 to $49.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 24th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $49.20.

National Bank Stock Up 14.4 %

The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.92 and a current ratio of 0.92. The firm has a market cap of $1.96 billion, a price-to-earnings ratio of 15.63 and a beta of 0.84. The firm has a 50-day moving average price of $42.59 and a two-hundred day moving average price of $39.88.

National Bank (NYSE:NBHC) last posted 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. The firm had revenue of $156.39 million for the quarter, compared to the consensus estimate of $102.32 million. National Bank had a return on equity of 9.93% and a net margin of 20.52%. During the same period in the previous year, the business earned $0.94 earnings per share. On average, sell-side analysts forecast that National Bank Holdings Co. will post 3.13 earnings per share for the current year.

National Bank Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be given a $0.29 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.25%. This is an increase from National Bank’s previous quarterly dividend of $0.28. National Bank’s payout ratio is currently 34.67%.

Insider Buying and Selling at National Bank

In related news, insider Valerie D. Kramer sold 725 shares of the business’s stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $40.17, for a total value of $29,123.25. Following the transaction, the insider now owns 10,398 shares in the company, valued at approximately $417,687.66. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, EVP Christopher S. Randall sold 3,750 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $43.51, for a total value of $163,162.50. Following the completion of the transaction, the executive vice president now directly owns 14,365 shares of the company’s stock, valued at $625,021.15. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Valerie D. Kramer sold 725 shares of the stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $40.17, for a total value of $29,123.25. Following the transaction, the insider now directly owns 10,398 shares of the company’s stock, valued at approximately $417,687.66. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 34,691 shares of company stock valued at $1,502,496. Company insiders own 3.30% of the company’s stock.

Hedge Funds Weigh In On National Bank

Several hedge funds have recently bought and sold shares of the business. Innealta Capital LLC bought a new position in shares of National Bank in the second quarter valued at approximately $41,000. Meeder Asset Management Inc. bought a new stake in National Bank in the 2nd quarter valued at $52,000. Assetmark Inc. bought a new stake in National Bank in the 3rd quarter valued at $71,000. Atria Investments Inc bought a new stake in National Bank during the 3rd quarter worth about $202,000. Finally, Choreo LLC bought a new stake in National Bank during the 2nd quarter worth about $209,000. 92.65% of the stock is owned by institutional investors and hedge funds.

National Bank Company Profile

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.