National Bank (NYSE:NBHC) Reaches New 52-Week High – Here’s Why

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

Wall Street Analysts Forecast Growth

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

National Bank Stock Performance

The company has a market capitalization of $1.96 billion, a PE ratio of 16.34 and a beta of 0.78. The company has a 50 day moving average of $41.90 and a two-hundred day moving average of $40.46. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.95 and a quick ratio of 0.95.

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

National Bank Dividend Announcement

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

Institutional Investors Weigh In On National Bank

Hedge funds have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. lifted its holdings 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 valued at $8,961,000 after purchasing an additional 88,876 shares in the last quarter. Endeavour Capital Advisors Inc. bought a new position in shares of National Bank during the fourth quarter valued at $6,659,000. Deprince Race & Zollo Inc. lifted its holdings in shares of National Bank by 215.4% during the fourth 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 in the last quarter. Public Sector Pension Investment Board lifted its holdings in shares of National Bank by 14.3% during the third quarter. Public Sector Pension Investment Board now owns 148,367 shares of the financial services provider’s stock valued at $5,733,000 after purchasing an additional 18,517 shares in the last quarter. Finally, SG Americas Securities LLC lifted its holdings in shares of National Bank by 87.5% during the fourth 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 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.