National Bank (NYSE:NBHC) Stock Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

National Bank Holdings Corporation (NYSE:NBHC)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $38.82 and traded as high as $41.80. National Bank shares last traded at $41.15, with a volume of 582,232 shares traded.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on NBHC shares. Weiss Ratings reissued a “hold (c)” rating on shares of National Bank in a research note on Thursday, January 22nd. DA Davidson reiterated a “buy” rating and issued a $48.00 target price on shares of National Bank in a report on Thursday, February 19th. Zacks Research upgraded National Bank from a “strong sell” rating to a “hold” rating in a report on Monday, December 22nd. Stephens raised shares of National Bank from an “equal weight” rating to an “overweight” rating and set a $42.00 price objective for the company in a research report on Monday, November 10th. Finally, Wall Street Zen lowered shares of National Bank from a “hold” rating to a “sell” rating in a research note on Saturday, January 31st. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $45.25.

National Bank Stock Performance

The company has a debt-to-equity ratio of 0.04, a current ratio of 0.94 and a quick ratio of 0.93. The company has a fifty day moving average price of $40.35 and a 200 day moving average price of $38.84. The stock has a market cap of $1.51 billion, a P/E ratio of 14.03 and a beta of 0.81.

National Bank (NYSE:NBHC) last posted its quarterly earnings results on Tuesday, January 27th. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.87 by ($0.27). National Bank had a net margin of 18.66% and a return on equity of 8.65%. The business had revenue of $99.08 million during the quarter, compared to analyst estimates of $107.48 million. During the same period in the previous year, the business posted $0.86 EPS. On average, equities analysts expect that National Bank Holdings Corporation will post 3.31 EPS for the current year.

National Bank Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 27th will be given a dividend of $0.32 per share. The ex-dividend date of this dividend is Friday, February 27th. This is a boost from National Bank’s previous quarterly dividend of $0.31. This represents a $1.28 annualized dividend and a dividend yield of 3.2%. National Bank’s payout ratio is presently 43.51%.

Insider Buying and Selling at National Bank

In other National Bank news, insider John Steinmetz purchased 24,200 shares of the company’s stock in a transaction that occurred on Wednesday, February 11th. The shares were acquired at an average price of $41.41 per share, with a total value of $1,002,122.00. Following the transaction, the insider owned 536,504 shares in the company, valued at $22,216,630.64. The trade was a 4.72% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.90% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NBHC. Aster Capital Management DIFC Ltd increased its stake in National Bank by 650.9% in the 3rd quarter. Aster Capital Management DIFC Ltd now owns 796 shares of the financial services provider’s stock valued at $31,000 after buying an additional 690 shares during the last quarter. Meeder Asset Management Inc. purchased a new position in shares of National Bank in the 4th quarter worth approximately $48,000. Global Retirement Partners LLC bought a new position in shares of National Bank in the fourth quarter valued at approximately $66,000. State of Wyoming purchased a new stake in shares of National Bank during the fourth quarter valued at approximately $69,000. Finally, Quarry LP lifted its holdings in National Bank by 50.8% during the third quarter. Quarry LP now owns 1,819 shares of the financial services provider’s stock worth $70,000 after acquiring an additional 613 shares during the period. 92.65% of the stock is currently owned by hedge funds and other institutional investors.

National Bank Company Profile

National Bank Holdings Corporation (NYSE: NBHC) is a diversified financial services holding company headquartered in Cape Girardeau, Missouri. Through its network of community bank subsidiaries, the company provides deposit, lending and payment solutions to consumer, small business and commercial clients across multiple U.S. markets.

Since its founding in 1992, National Bank Holdings has pursued a growth strategy focused on acquiring and integrating locally branded community banks. Its footprint spans the Midwest and Southern United States, including Missouri, Kansas, Oklahoma, Texas, Colorado, Illinois and Tennessee.