National Bank (NYSE:NBHC) Reaches New 1-Year High – What’s Next?

Shares of National Bank Holdings Corporation (NYSE:NBHC) reached a new 52-week high on Wednesday . The stock traded as high as $45.41 and last traded at $45.48, with a volume of 69689 shares traded. The stock had previously closed at $44.43.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Piper Sandler boosted their price objective on National Bank from $48.00 to $52.00 and gave the company an “overweight” rating in a research note on Monday, April 27th. DA Davidson reaffirmed a “buy” rating and set a $46.00 target price on shares of National Bank in a research note on Wednesday, April 22nd. Wall Street Zen upgraded National Bank from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Finally, Weiss Ratings raised National Bank from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, June 24th. Five research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, National Bank has an average rating of “Moderate Buy” and a consensus price target of $46.20.

National Bank Stock Performance

The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.95 and a current ratio of 0.95. The company has a 50 day moving average price of $42.50 and a 200 day moving average price of $40.95. The company has a market capitalization of $2.03 billion, a price-to-earnings ratio of 16.93 and a beta of 0.78.

National Bank (NYSE:NBHC) last posted its quarterly earnings results on Tuesday, April 21st. The financial services provider reported $0.72 earnings per share for the quarter, topping analysts’ consensus estimates of $0.65 by $0.07. The business had revenue of $126.78 million for the quarter, compared to the consensus estimate of $129.30 million. National Bank had a return on equity of 8.72% and a net margin of 17.14%.During the same period in the prior year, the business earned $0.63 EPS. The firm’s revenue for the quarter was up 37.8% on a year-over-year basis. Equities research analysts predict that National Bank Holdings Corporation will post 3.51 earnings per share for the current fiscal year.

National Bank Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, May 29th were given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend was Friday, May 29th. National Bank’s dividend payout ratio is presently 47.76%.

Hedge Funds Weigh In On National Bank

A number of large investors have recently modified their holdings of the company. JPMorgan Chase & Co. increased its position in shares of National Bank by 62.1% during the third quarter. JPMorgan Chase & Co. now owns 231,916 shares of the financial services provider’s stock worth $8,961,000 after acquiring an additional 88,876 shares in the last quarter. Endeavour Capital Advisors Inc. bought a new position in National Bank in the 4th quarter valued at about $6,659,000. Deprince Race & Zollo Inc. boosted its stake in National Bank by 215.4% during the 4th quarter. Deprince Race & Zollo Inc. now owns 1,162,432 shares of the financial services provider’s stock valued at $44,184,000 after purchasing an additional 793,902 shares during the last quarter. SG Americas Securities LLC boosted its stake in National Bank by 87.5% during the 4th quarter. SG Americas Securities LLC now owns 54,765 shares of the financial services provider’s stock valued at $2,082,000 after purchasing an additional 25,554 shares during the last quarter. Finally, Tudor Investment Corp ET AL increased its holdings in National Bank by 87.6% during the 3rd quarter. Tudor Investment Corp ET AL now owns 210,330 shares of the financial services provider’s stock worth $8,127,000 after purchasing an additional 98,229 shares in the last quarter. 92.65% of the stock is currently owned by institutional investors.

About National Bank

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.