National Bank (NYSE:NBHC) Stock Passes Above Two Hundred Day Moving Average – Here’s Why

National Bank Holdings Corporation (NYSE:NBHC)’s share price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $42.00 and traded as high as $42.10. National Bank shares last traded at $41.8320, with a volume of 371,551 shares trading hands.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on NBHC. Weiss Ratings lowered shares of National Bank from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, August 11th. Piper Sandler decreased their price target on National Bank from $52.00 to $51.00 and set an “overweight” rating on the stock in a report on Monday, July 27th. Stephens lowered shares of National Bank from an “overweight” rating to an “equal weight” rating and set a $46.00 target price for the company. in a report on Thursday, August 6th. Finally, Wall Street Zen raised National Bank from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Four analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $46.80.

National Bank Price Performance

The firm has a market cap of $1.85 billion, a price-to-earnings ratio of 17.42 and a beta of 0.79. The company’s fifty day moving average is $43.63 and its 200 day moving average is $42.00. The company has a quick ratio of 0.96, a current ratio of 0.97 and a debt-to-equity ratio of 0.20.

National Bank (NYSE:NBHC) last released its earnings results on Tuesday, July 21st. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.03). National Bank had a net margin of 15.11% and a return on equity of 8.35%. The company had revenue of $129.94 million during the quarter, compared to analyst estimates of $135.08 million. During the same period in the prior year, the firm posted $0.88 EPS. National Bank’s revenue was up 23.4% compared to the same quarter last year. On average, equities research analysts predict that National Bank Holdings Corporation will post 3.35 EPS for the current year.

National Bank Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Friday, August 28th will be paid a dividend of $0.32 per share. The ex-dividend date is Friday, August 28th. This represents a $1.28 annualized dividend and a dividend yield of 3.1%. National Bank’s payout ratio is currently 53.78%.

Institutional Investors Weigh In On National Bank

A number of large investors have recently added to or reduced their stakes in NBHC. California State Teachers Retirement System raised its position in shares of National Bank by 4,242.5% in the second quarter. California State Teachers Retirement System now owns 2,139,793 shares of the financial services provider’s stock valued at $95,071,000 after purchasing an additional 2,090,517 shares during the period. North Reef Capital Management LP acquired a new stake in National Bank during the first quarter worth approximately $12,545,000. AQR Capital Management LLC increased its position in shares of National Bank by 138.9% in the fourth quarter. AQR Capital Management LLC now owns 430,078 shares of the financial services provider’s stock worth $16,347,000 after purchasing an additional 250,088 shares during the period. Russell Investments Group Ltd. increased its holdings in National Bank by 143.3% in the 4th quarter. Russell Investments Group Ltd. now owns 405,164 shares of the financial services provider’s stock valued at $15,400,000 after buying an additional 238,642 shares during the period. Finally, Millennium Management LLC raised its position in National Bank by 2,057.9% during the first quarter. Millennium Management LLC now owns 199,453 shares of the financial services provider’s stock valued at $7,633,000 after purchasing an additional 190,210 shares in the last quarter. Institutional investors own 92.65% of the company’s stock.

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.