Piper Sandler Boosts National Bank (NYSE:NBHC) Price Target to $48.00

National Bank (NYSE:NBHC) had its target price hoisted by Piper Sandler from $44.00 to $48.00 in a research report released on Thursday, Benzinga reports. They currently have a neutral rating on the financial services provider’s stock.

Other equities research analysts also recently issued research reports about the company. StockNews.com downgraded National Bank from a “hold” rating to a “sell” rating in a research report on Wednesday, July 24th. Keefe, Bruyette & Woods lifted their price objective on shares of National Bank from $39.00 to $45.00 and gave the stock a “market perform” rating in a research report on Monday, July 29th. Hovde Group boosted their price objective on shares of National Bank from $42.00 to $50.00 and gave the stock an “outperform” rating in a research note on Friday, July 26th. DA Davidson lifted their price target on shares of National Bank from $42.00 to $45.00 and gave the stock a “buy” rating in a report on Tuesday, July 2nd. Finally, Stephens increased their price objective on National Bank from $38.00 to $46.00 and gave the company an “equal weight” rating in a report on Thursday, July 25th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, National Bank presently has a consensus rating of “Hold” and an average target price of $49.00.

National Bank Trading Down 2.6 %

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

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

National Bank Increases Dividend

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

Insider Buying and Selling

In other news, insider Valerie D. Kramer sold 725 shares of the 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 directly owns 10,398 shares of the company’s stock, valued at approximately $417,687.66. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other National Bank news, insider Valerie D. Kramer sold 725 shares of National Bank stock in a transaction that occurred 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 legal filing with the SEC, which is accessible through the SEC website. Also, EVP Christopher S. Randall sold 3,750 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $43.51, for a total transaction of $163,162.50. Following the completion of the sale, the executive vice president now owns 14,365 shares in the company, valued at $625,021.15. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 84,454 shares of company stock worth $3,624,390 in the last 90 days. Insiders own 3.10% of the company’s stock.

Institutional Trading of National Bank

A number of hedge funds have recently modified their holdings of NBHC. Vanguard Group Inc. lifted its holdings in National Bank by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 4,220,345 shares of the financial services provider’s stock valued at $156,955,000 after acquiring an additional 25,349 shares during the period. Dimensional Fund Advisors LP grew its position in National Bank by 9.4% during the second quarter. Dimensional Fund Advisors LP now owns 1,950,210 shares of the financial services provider’s stock valued at $76,152,000 after buying an additional 167,711 shares during the period. Victory Capital Management Inc. grew its position in National Bank by 12,407.1% during the second quarter. Victory Capital Management Inc. now owns 1,824,912 shares of the financial services provider’s stock valued at $71,263,000 after buying an additional 1,810,321 shares during the period. Westwood Holdings Group Inc. increased its holdings in National Bank by 2.1% in the first quarter. Westwood Holdings Group Inc. now owns 935,119 shares of the financial services provider’s stock valued at $33,730,000 after buying an additional 19,016 shares in the last quarter. Finally, Principal Financial Group Inc. raised its position in shares of National Bank by 194.7% in the second quarter. Principal Financial Group Inc. now owns 577,793 shares of the financial services provider’s stock worth $22,563,000 after acquiring an additional 381,754 shares during the period. Hedge funds and other 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.