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

National Bank Holdings Corporation (NYSE:NBHC)’s stock price reached a new 52-week high during mid-day trading on Friday . The company traded as high as $43.88 and last traded at $43.9650, with a volume of 110265 shares changing hands. The stock had previously closed at $42.90.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on NBHC shares. Weiss Ratings cut shares of National Bank from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, June 5th. 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. Piper Sandler lifted their target price on shares of National Bank from $48.00 to $52.00 and gave the company an “overweight” rating in a research note on Monday, April 27th. Finally, Wall Street Zen upgraded shares of National Bank from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Five investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, National Bank has a consensus rating of “Moderate Buy” and an average price target of $46.20.

National Bank Stock Up 2.1%

The business’s fifty day simple moving average is $41.81 and its 200 day simple moving average is $40.44. 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 stock has a market cap of $1.96 billion, a price-to-earnings ratio of 16.34 and a beta of 0.78.

National Bank (NYSE:NBHC) last released its earnings results on Tuesday, April 21st. The financial services provider reported $0.72 EPS for the quarter, topping 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 firm had revenue of $126.78 million during the quarter, compared to analyst estimates of $129.30 million. During the same quarter in the previous year, the business earned $0.63 EPS. The business’s quarterly revenue was up 37.8% compared to the same quarter last year. Equities analysts forecast that National Bank Holdings Corporation will post 3.51 earnings per share for the current fiscal year.

National Bank Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 29th will be issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend is Friday, May 29th. National Bank’s payout ratio is currently 47.76%.

Institutional Trading of National Bank

A number of institutional investors have recently bought and sold shares of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in National Bank by 0.4% during the 4th 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 worth $2,306,000 after acquiring an additional 252 shares during the period. Illinois Municipal Retirement Fund grew 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 buying an additional 300 shares during the period. Johnson Investment Counsel Inc. grew its holdings in shares of National Bank by 5.7% in the 3rd quarter. Johnson Investment Counsel Inc. now owns 6,592 shares of the financial services provider’s stock valued at $255,000 after buying an additional 353 shares during the period. Nisa Investment Advisors LLC grew its holdings 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 buying an additional 499 shares during the period. Finally, Harbor Capital Advisors Inc. grew its holdings 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 buying an additional 524 shares during the period. 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.