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

National Bank Holdings Corporation (NYSE:NBHC)’s share price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $45.41 and last traded at $45.48, with a volume of 69689 shares changing hands. The stock had previously closed at $44.43.

Analysts Set New Price Targets

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

National Bank Price Performance

The company has a market capitalization of $1.99 billion, a price-to-earnings ratio of 16.58 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 company has a 50 day moving average price of $42.60 and a 200 day moving average price of $41.02.

National Bank (NYSE:NBHC) last issued its quarterly earnings results on Tuesday, April 21st. The financial services provider reported $0.72 earnings per share (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 analyst estimates of $129.30 million. National Bank had a return on equity of 8.72% and a net margin of 17.14%.The firm’s revenue for the quarter was up 37.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.63 earnings per share. As a group, equities research analysts forecast that National Bank Holdings Corporation will post 3.51 earnings per share for the current year.

National Bank Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, May 29th were given a dividend of $0.32 per share. The ex-dividend date was 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

Institutional investors have recently modified their holdings of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in National Bank by 0.4% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 60,668 shares of the financial services provider’s stock valued at $2,306,000 after purchasing an additional 252 shares in the last quarter. Illinois Municipal Retirement Fund boosted its holdings in shares of National Bank by 1.5% in the 1st quarter. Illinois Municipal Retirement Fund now owns 19,816 shares of the financial services provider’s stock valued at $776,000 after purchasing an additional 300 shares in the last quarter. Nisa Investment Advisors LLC increased its stake in shares of National Bank by 17.9% in the 4th quarter. Nisa Investment Advisors LLC now owns 3,283 shares of the financial services provider’s stock valued at $125,000 after purchasing an additional 499 shares during the last quarter. Harbor Capital Advisors Inc. increased its stake in shares of National Bank by 3.5% in the 4th quarter. Harbor Capital Advisors Inc. now owns 15,366 shares of the financial services provider’s stock valued at $584,000 after purchasing an additional 524 shares during the last quarter. Finally, Quarry LP raised its holdings in shares of National Bank by 50.8% during the 3rd quarter. Quarry LP now owns 1,819 shares of the financial services provider’s stock worth $70,000 after buying an additional 613 shares in the last quarter. Institutional investors and hedge funds own 92.65% of the company’s stock.

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.