National Bank (NYSE:NBHC) Hits New 52-Week High – Here’s What Happened

Shares of National Bank Holdings Corporation (NYSE:NBHC) hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $43.88 and last traded at $43.9650, with a volume of 110265 shares trading hands. The stock had previously closed at $42.90.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. DA Davidson reissued a “buy” rating and issued a $46.00 price target on shares of National Bank in a report on Wednesday, April 22nd. Wall Street Zen raised shares of National Bank from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Piper Sandler boosted their price target on shares of National Bank from $48.00 to $52.00 and gave the company an “overweight” rating in a report on Monday, April 27th. Finally, Weiss Ratings lowered shares of National Bank from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, June 5th. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $46.20.

National Bank Stock Performance

The stock has a market capitalization of $1.96 billion, a price-to-earnings ratio of 16.34 and a beta of 0.78. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.12. The stock’s 50 day moving average is $41.81 and its two-hundred day moving average is $40.44.

National Bank (NYSE:NBHC) last announced its 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 firm had revenue of $126.78 million during the quarter, compared to analyst estimates of $129.30 million. National Bank had a net margin of 17.14% and a return on equity of 8.72%. The company’s revenue for the quarter was up 37.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.63 EPS. Analysts expect that National Bank Holdings Corporation will post 3.51 earnings per share for the current fiscal year.

National Bank Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 29th will be paid a $0.32 dividend. The ex-dividend date of this dividend is Friday, May 29th. This represents a $1.28 dividend on an annualized basis and a yield of 2.9%. National Bank’s dividend payout ratio is presently 47.76%.

Institutional Investors Weigh In On National Bank

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP lifted its position in National Bank by 2.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,100,944 shares of the financial services provider’s stock worth $82,271,000 after buying an additional 40,669 shares in the last quarter. State Street Corp lifted its position in National Bank by 2.6% during the 4th quarter. State Street Corp now owns 1,888,885 shares of the financial services provider’s stock worth $71,797,000 after buying an additional 47,991 shares in the last quarter. Deprince Race & Zollo Inc. lifted its position 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 worth $44,184,000 after buying an additional 793,902 shares in the last quarter. Segall Bryant & Hamill LLC lifted its position in National Bank by 6.8% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 964,261 shares of the financial services provider’s stock worth $37,259,000 after buying an additional 61,771 shares in the last quarter. Finally, Leeward Investments LLC MA lifted its position in National Bank by 20.9% during the 4th quarter. Leeward Investments LLC MA now owns 534,211 shares of the financial services provider’s stock worth $20,305,000 after buying an additional 92,489 shares in the last quarter. 92.65% of the stock is owned by 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.