DA Davidson Raises National Bank (NYSE:NBHC) Price Target to $53.00

National Bank (NYSE:NBHC) had its price target upped by DA Davidson from $51.00 to $53.00 in a research report report published on Thursday, Benzinga reports. DA Davidson currently has a buy rating on the financial services provider’s stock. DA Davidson also issued estimates for National Bank’s Q4 2024 earnings at $0.84 EPS.

Several other analysts have also recently weighed in on the company. Keefe, Bruyette & Woods lifted 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. Hovde Group lifted their target price on shares of National Bank from $42.00 to $50.00 and gave the company an “outperform” rating in a report on Friday, July 26th. Piper Sandler lifted their target price on shares of National Bank from $44.00 to $48.00 and gave the company a “neutral” rating in a report on Thursday. Stephens lifted their target price on shares of National Bank from $46.00 to $49.00 and gave the company an “equal weight” rating in a report on Thursday. Finally, StockNews.com lowered shares of National Bank from a “hold” rating to a “sell” rating in a report on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $49.00.

National Bank Stock Down 2.6 %

NYSE NBHC opened at $44.40 on Thursday. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.93 and a quick ratio of 0.93. The stock has a market capitalization of $1.68 billion, a PE ratio of 13.75 and a beta of 0.85. National Bank has a 1 year low of $29.86 and a 1 year high of $46.51. The business’s 50-day moving average is $42.20 and its 200 day moving average is $39.24.

National Bank (NYSE:NBHC) last posted its quarterly earnings data on Tuesday, October 22nd. The financial services provider reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.10. The business had revenue of $156.39 million for the quarter, compared to analysts’ expectations of $102.32 million. National Bank had a return on equity of 10.06% and a net margin of 20.52%. During the same period in the previous year, the firm posted $0.94 EPS. Sell-side analysts forecast that National Bank will post 3.03 earnings per share for the current year.

National Bank Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be issued a $0.29 dividend. This is a positive change from National Bank’s previous quarterly dividend of $0.28. This represents a $1.16 dividend on an annualized basis and a yield of 2.61%. The ex-dividend date is Friday, November 29th. National Bank’s payout ratio is presently 34.67%.

Insider Buying and Selling

In related news, CEO G. Timothy Laney sold 49,763 shares of the business’s stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $42.64, for a total value of $2,121,894.32. Following the completion of the transaction, the chief executive officer now directly owns 272,126 shares in the company, valued at $11,603,452.64. The trade was 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 other National Bank news, insider Valerie D. Kramer sold 725 shares of the business’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 sale, the insider now directly owns 10,398 shares in the company, valued at approximately $417,687.66. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO G. Timothy Laney sold 49,763 shares of the business’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $42.64, for a total transaction of $2,121,894.32. Following the sale, the chief executive officer now directly owns 272,126 shares of the company’s stock, valued at approximately $11,603,452.64. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 84,454 shares of company stock worth $3,624,390 in the last three months. Insiders own 3.10% of the company’s stock.

Institutional Investors Weigh In On National Bank

A number of hedge funds have recently modified their holdings of NBHC. Victory Capital Management Inc. grew its position in shares of National Bank by 12,407.1% during the 2nd quarter. Victory Capital Management Inc. now owns 1,824,912 shares of the financial services provider’s stock valued at $71,263,000 after acquiring an additional 1,810,321 shares during the period. Principal Financial Group Inc. grew its position in shares of National Bank by 194.7% during the 2nd quarter. Principal Financial Group Inc. now owns 577,793 shares of the financial services provider’s stock valued at $22,563,000 after acquiring an additional 381,754 shares during the period. American Century Companies Inc. grew its position in shares of National Bank by 154.8% during the 2nd quarter. American Century Companies Inc. now owns 377,929 shares of the financial services provider’s stock valued at $14,758,000 after acquiring an additional 229,630 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 valued at $17,268,000 after acquiring an additional 223,505 shares during the period. Finally, Boston Partners grew its position in shares of National Bank by 743.6% during the 1st quarter. Boston Partners now owns 200,094 shares of the financial services provider’s stock valued at $7,211,000 after acquiring an additional 176,375 shares during the period. Institutional investors own 92.65% of the company’s stock.

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.