National Bank (NYSE:NBHC) Stock Passes Above 200 Day Moving Average – Here’s Why

National Bank Holdings Corporation (NYSE:NBHC)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $42.01 and traded as high as $42.14. National Bank shares last traded at $41.7390, with a volume of 385,945 shares changing hands.

Wall Street Analyst Weigh In

NBHC has been the topic of several recent research reports. Stephens downgraded shares of National Bank from an “overweight” rating to an “equal weight” rating and set a $46.00 target price on the stock. in a research report on Thursday, August 6th. Piper Sandler decreased their price target on shares of National Bank from $52.00 to $51.00 and set an “overweight” rating for the company in a research report on Monday, July 27th. Finally, Weiss Ratings downgraded shares of National Bank from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, August 11th. Four investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $46.80.

National Bank Price Performance

The firm has a market capitalization of $1.84 billion, a P/E ratio of 17.36 and a beta of 0.77. The company has a fifty day moving average of $42.90 and a 200 day moving average of $42.01. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.97 and a quick ratio of 0.96.

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

National Bank Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Friday, August 28th were issued a $0.32 dividend. The ex-dividend date was Friday, August 28th. This represents a $1.28 annualized dividend and a yield of 3.1%. National Bank’s payout ratio is presently 53.78%.

Institutional Trading of National Bank

Institutional investors have recently bought and sold shares of the company. Sequoia Financial Advisors LLC bought a new position in shares of National Bank in the 2nd quarter worth about $433,000. Integrated Wealth Concepts LLC bought a new stake in shares of National Bank during the 2nd quarter valued at about $90,000. Squarepoint Ops LLC boosted its position in shares of National Bank by 31.3% during the 2nd quarter. Squarepoint Ops LLC now owns 16,655 shares of the financial services provider’s stock valued at $740,000 after purchasing an additional 3,974 shares in the last quarter. Arizona State Retirement System grew its stake in National Bank by 9.8% during the second quarter. Arizona State Retirement System now owns 11,407 shares of the financial services provider’s stock worth $507,000 after purchasing an additional 1,020 shares during the period. Finally, Nykredit A S acquired a new stake in National Bank during the second quarter worth approximately $34,000. Institutional investors own 92.65% of the company’s stock.

About National Bank

National Bank Holdings Corporation (NYSE: NBHC) is a bank holding company headquartered in Greenwood Village, Colorado. Through its principal subsidiary, NBH Bank, the company provides community banking services to businesses, individuals and organizations.

NBH Bank offers commercial and small-business lending, personal and business deposit accounts, mortgage and consumer loans, treasury management, digital banking and wealth management services. Its products are designed to support commercial clients, professionals, entrepreneurs and retail customers.

The company serves customers through a network of banking locations and digital channels in several markets across the central and western United States, including Colorado, Kansas, Missouri, New Mexico, Texas and Wyoming.