National Bank (NYSE:NBHC) Share Price Crosses Above Two Hundred Day Moving Average – What’s Next?

National Bank Holdings Corporation (NYSE:NBHC)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $38.82 and traded as high as $41.80. National Bank shares last traded at $41.15, with a volume of 582,232 shares changing hands.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Wall Street Zen downgraded shares of National Bank from a “hold” rating to a “sell” rating in a research report on Saturday, January 31st. Stephens upgraded National Bank from an “equal weight” rating to an “overweight” rating and set a $42.00 price target for the company in a report on Monday, November 10th. Zacks Research upgraded National Bank from a “strong sell” rating to a “hold” rating in a research note on Monday, December 22nd. DA Davidson reiterated a “buy” rating and set a $48.00 target price on shares of National Bank in a research note on Thursday, February 19th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of National Bank in a report on Thursday, January 22nd. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, National Bank has a consensus rating of “Moderate Buy” and an average price target of $45.25.

National Bank Price Performance

The stock has a market capitalization of $1.56 billion, a price-to-earnings ratio of 14.44 and a beta of 0.81. The company’s 50-day simple moving average is $40.34 and its 200-day simple moving average is $38.82. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.94 and a quick ratio of 0.93.

National Bank (NYSE:NBHC) last posted its earnings results on Tuesday, January 27th. The financial services provider reported $0.60 EPS for the quarter, missing the consensus estimate of $0.87 by ($0.27). The firm had revenue of $99.08 million during the quarter, compared to analyst estimates of $107.48 million. National Bank had a net margin of 18.66% and a return on equity of 8.65%. During the same period in the previous year, the company posted $0.86 EPS. Research analysts forecast that National Bank Holdings Corporation will post 3.31 earnings per share for the current fiscal year.

National Bank Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 27th will be issued a dividend of $0.32 per share. This is an increase from National Bank’s previous quarterly dividend of $0.31. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend is Friday, February 27th. National Bank’s payout ratio is 44.91%.

Insider Activity

In other National Bank news, insider John Steinmetz purchased 24,200 shares of the firm’s stock in a transaction that occurred on Wednesday, February 11th. The shares were acquired at an average cost of $41.41 per share, for a total transaction of $1,002,122.00. Following the completion of the purchase, the insider owned 536,504 shares of the company’s stock, valued at approximately $22,216,630.64. The trade was a 4.72% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.90% of the company’s stock.

Institutional Trading of National Bank

Institutional investors have recently bought and sold shares of the business. Aster Capital Management DIFC Ltd grew its position in shares of National Bank by 650.9% during the 3rd quarter. Aster Capital Management DIFC Ltd now owns 796 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 690 shares in the last quarter. Meeder Asset Management Inc. acquired a new stake in National Bank during the fourth quarter worth approximately $48,000. Global Retirement Partners LLC bought a new position in National Bank during the 4th quarter worth $66,000. State of Wyoming acquired a new position in National Bank in the 4th quarter valued at $69,000. Finally, Quarry LP lifted its position 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 valued at $70,000 after acquiring an additional 613 shares during the period. Institutional investors own 92.65% of the company’s stock.

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.