National Bank (NYSE:NBHC) Sets New 12-Month High – Should You Buy?

National Bank Holdings Corporation (NYSE:NBHC)’s share price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $44.34 and last traded at $44.5260, with a volume of 27607 shares trading hands. The stock had previously closed at $44.01.

Analyst Upgrades and Downgrades

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

National Bank Trading Up 1.2%

The firm has a market capitalization of $2.00 billion, a PE ratio of 16.62 and a beta of 0.78. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.95 and a quick ratio of 0.95. The firm’s fifty day moving average is $42.22 and its two-hundred day moving average is $40.74.

National Bank (NYSE:NBHC) last released its quarterly earnings data on Tuesday, April 21st. The financial services provider reported $0.72 EPS for the quarter, beating the consensus estimate 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 net margin of 17.14% and a return on equity of 8.72%. The company’s revenue was up 37.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.63 earnings per share. On average, equities analysts predict that National Bank Holdings Corporation will post 3.51 EPS for the current fiscal year.

National Bank Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, May 29th were given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date was Friday, May 29th. National Bank’s dividend payout ratio (DPR) is 47.76%.

Hedge Funds Weigh In On National Bank

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Aster Capital Management DIFC Ltd raised its holdings in shares of 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 acquiring an additional 690 shares in the last quarter. Meeder Asset Management Inc. bought a new position in shares of National Bank in the fourth quarter worth approximately $48,000. Global Retirement Partners LLC purchased a new stake in National Bank in the fourth quarter valued at approximately $66,000. State of Wyoming bought a new stake in shares of National Bank during the 4th quarter worth $69,000. Finally, Quarry LP lifted its stake 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 purchasing an additional 613 shares during the last quarter. 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.