National Bank (NYSE:NBHC) Reaches New 52-Week High – What’s Next?

National Bank Holdings Corporation (NYSE:NBHC)’s stock price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $45.65 and last traded at $45.54, with a volume of 61687 shares trading hands. The stock had previously closed at $45.01.

Analyst Ratings Changes

NBHC has been the subject of a number of analyst reports. Piper Sandler boosted their target price on shares of National Bank from $48.00 to $52.00 and gave the stock an “overweight” rating in a research note on Monday, April 27th. 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. Wall Street Zen upgraded shares of National Bank from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, DA Davidson reiterated a “buy” rating and issued a $46.00 target price on shares of National Bank in a research note on Wednesday, April 22nd. Five equities 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, the company has an average rating of “Moderate Buy” and a consensus price target of $46.20.

National Bank Trading Up 3.7%

The stock has a market cap of $2.11 billion, a PE ratio of 17.61 and a beta of 0.78. The business’s fifty day moving average is $43.01 and its 200 day moving average is $41.38. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.12.

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

National Bank Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, May 29th were paid a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend was Friday, May 29th. National Bank’s dividend payout ratio (DPR) is presently 47.76%.

Hedge Funds Weigh In On National Bank

Hedge funds and other institutional investors have recently bought and sold shares of the company. Meeder Asset Management Inc. acquired a new stake in National Bank in the fourth quarter valued at $48,000. Global Retirement Partners LLC acquired a new position in shares of National Bank during the 4th quarter worth $66,000. State of Wyoming acquired a new position in shares of National Bank during the 4th quarter worth $69,000. Quarry LP boosted its position in shares of National Bank by 50.8% in 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. Finally, Nisa Investment Advisors LLC boosted its position 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 worth $125,000 after buying an additional 499 shares in the last quarter. 92.65% of the stock is owned by institutional investors and hedge funds.

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.