National Bank (NYSE:NBHC) Reaches New 12-Month High at $46.13

Shares of National Bank Holdings Co. (NYSE:NBHC) reached a new 52-week high during trading on Tuesday . The company traded as high as $46.13 and last traded at $45.87, with a volume of 40453 shares traded. The stock had previously closed at $45.00.

Wall Street Analyst Weigh In

A number of research analysts recently commented on NBHC shares. DA Davidson raised their price objective on shares of National Bank from $42.00 to $45.00 and gave the company a “buy” rating in a research note on Tuesday, July 2nd. Stephens increased their target price on shares of National Bank from $38.00 to $46.00 and gave the company an “equal weight” rating in a research note on Thursday. StockNews.com lowered National Bank from a “hold” rating to a “sell” rating in a research report on Wednesday. Hovde Group dropped their price target on National Bank from $45.00 to $40.50 and set an “outperform” rating on the stock in a research note on Monday, April 29th. Finally, Keefe, Bruyette & Woods reissued a “market perform” rating and set a $39.00 target price (down from $40.00) on shares of National Bank in a research note on Friday, April 26th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $43.30.

National Bank Stock Performance

The company has a market capitalization of $1.63 billion, a price-to-earnings ratio of 12.62 and a beta of 0.86. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.04. The firm has a 50-day simple moving average of $38.51 and a two-hundred day simple moving average of $35.89.

National Bank (NYSE:NBHC) last issued its quarterly earnings data on Tuesday, July 23rd. The financial services provider reported $0.68 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.06). The business had revenue of $99.31 million during the quarter, compared to the consensus estimate of $102.96 million. National Bank had a return on equity of 10.54% and a net margin of 21.40%. The company’s revenue for the quarter was down 5.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.85 earnings per share. As a group, sell-side analysts forecast that National Bank Holdings Co. will post 3.08 earnings per share for the current fiscal year.

National Bank Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, May 31st were given a dividend of $0.28 per share. This is a positive change from National Bank’s previous quarterly dividend of $0.27. The ex-dividend date was Friday, May 31st. This represents a $1.12 dividend on an annualized basis and a yield of 2.61%. National Bank’s payout ratio is currently 32.18%.

Institutional Investors Weigh In On National Bank

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Louisiana State Employees Retirement System grew its position in National Bank by 1.6% in the 2nd quarter. Louisiana State Employees Retirement System now owns 19,000 shares of the financial services provider’s stock worth $742,000 after purchasing an additional 300 shares during the last quarter. Texas Permanent School Fund Corp raised its stake in shares of National Bank by 1.4% in the first quarter. Texas Permanent School Fund Corp now owns 33,069 shares of the financial services provider’s stock valued at $1,193,000 after purchasing an additional 449 shares in the last quarter. ProShare Advisors LLC raised its stake in shares of National Bank by 7.4% in the 1st quarter. ProShare Advisors LLC now owns 7,450 shares of the financial services provider’s stock valued at $269,000 after buying an additional 513 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of National Bank by 15.6% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,924 shares of the financial services provider’s stock worth $295,000 after acquiring an additional 1,067 shares during the period. Finally, CANADA LIFE ASSURANCE Co lifted its stake in National Bank by 3.8% during the first quarter. CANADA LIFE ASSURANCE Co now owns 30,130 shares of the financial services provider’s stock worth $1,086,000 after purchasing an additional 1,100 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 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.