National Bank (NYSE:NBHC) Reaches New 52-Week High – Time to Buy?

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

Analysts Set New Price Targets

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

National Bank Stock Performance

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 business has a 50-day simple moving average of $42.22 and a 200-day simple moving average of $40.74.

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, topping analysts’ consensus estimates of $0.65 by $0.07. The firm had revenue of $126.78 million during 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%.National Bank’s quarterly revenue was up 37.8% compared to the same quarter last year. During the same period last year, the company earned $0.63 EPS. Equities research analysts expect that National Bank Holdings Corporation will post 3.51 earnings per share for the current fiscal year.

National Bank Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, May 29th were issued a $0.32 dividend. 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 payout ratio is currently 47.76%.

Hedge Funds Weigh In On National Bank

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP increased its position in shares of National Bank by 2.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,100,944 shares of the financial services provider’s stock worth $82,271,000 after purchasing an additional 40,669 shares during the last quarter. State Street Corp lifted its stake in National Bank by 2.6% in the fourth quarter. State Street Corp now owns 1,888,885 shares of the financial services provider’s stock worth $71,797,000 after acquiring an additional 47,991 shares during the last quarter. Deprince Race & Zollo Inc. grew its stake 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 worth $44,184,000 after purchasing an additional 793,902 shares in the last quarter. Segall Bryant & Hamill LLC boosted its position in shares of National Bank by 6.8% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 964,261 shares of the financial services provider’s stock worth $37,259,000 after acquiring an additional 61,771 shares in the last quarter. Finally, Leeward Investments LLC MA increased its stake in National Bank by 20.9% in the fourth quarter. Leeward Investments LLC MA now owns 534,211 shares of the financial services provider’s stock valued at $20,305,000 after purchasing an additional 92,489 shares during the last quarter. 92.65% of the stock is owned by hedge funds and other institutional investors.

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.