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

National Bank Holdings Co. (NYSE:NBHC) reached a new 52-week high on Wednesday . The company traded as high as $49.92 and last traded at $49.92, with a volume of 1674 shares trading hands. The stock had previously closed at $45.09.

Wall Street Analyst Weigh In

A number of research firms have commented on NBHC. Keefe, Bruyette & Woods boosted their price target on shares of 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 upped their target price on shares of National Bank from $50.00 to $51.00 and gave the stock an “outperform” rating in a research report on Monday, October 28th. StockNews.com lowered shares of National Bank from a “hold” rating to a “sell” rating in a research report on Wednesday, July 24th. DA Davidson upped their target price on shares of National Bank from $51.00 to $53.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Finally, Piper Sandler upped their target price on shares of National Bank from $44.00 to $48.00 and gave the stock a “neutral” rating in a research report on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, National Bank currently has a consensus rating of “Hold” and a consensus price target of $49.20.

National Bank Trading Up 14.4 %

The company has a market cap of $1.96 billion, a P/E ratio of 15.63 and a beta of 0.84. 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 business’s 50-day moving average price is $42.59 and its 200 day moving average price is $39.88.

National Bank (NYSE:NBHC) last posted its quarterly earnings data on Tuesday, October 22nd. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.76 by $0.10. The firm had revenue of $156.39 million during the quarter, compared to the consensus estimate of $102.32 million. National Bank had a net margin of 20.52% and a return on equity of 9.93%. During the same quarter in the previous year, the firm posted $0.94 EPS. As a group, analysts expect that National Bank Holdings Co. will post 3.13 earnings per share for the current year.

National Bank Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 2.25%. This is a boost 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 currently 34.67%.

Insiders Place Their Bets

In other National Bank news, EVP Christopher S. Randall sold 3,750 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $43.51, for a total transaction of $163,162.50. Following the sale, the executive vice president now directly owns 14,365 shares of the company’s stock, valued at $625,021.15. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, 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 transaction of $29,123.25. Following the transaction, the insider now directly owns 10,398 shares of the company’s stock, valued at $417,687.66. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 transaction, the executive vice president now directly owns 14,365 shares in the company, valued at approximately $625,021.15. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 34,691 shares of company stock valued at $1,502,496 in the last ninety days. 3.30% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Victory Capital Management Inc. raised its holdings in National Bank by 56.0% during the third quarter. Victory Capital Management Inc. now owns 2,846,741 shares of the financial services provider’s stock worth $119,848,000 after buying an additional 1,021,829 shares during the last quarter. Atria Investments Inc purchased a new stake in shares of National Bank in the third quarter valued at about $202,000. Assetmark Inc. purchased a new stake in shares of National Bank in the third quarter valued at about $71,000. Principal Financial Group Inc. raised its holdings in shares of National Bank by 36.1% in the third quarter. Principal Financial Group Inc. now owns 786,096 shares of the financial services provider’s stock valued at $33,095,000 after purchasing an additional 208,303 shares during the last quarter. Finally, Leeward Investments LLC MA raised its holdings in shares of National Bank by 64.2% in the third quarter. Leeward Investments LLC MA now owns 374,638 shares of the financial services provider’s stock valued at $15,772,000 after purchasing an additional 146,494 shares during the last quarter. 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.