National Bank (NYSE:NBHC) Reaches New 1-Year High – Still a Buy?

National Bank Holdings Corporation (NYSE:NBHC) reached a new 52-week high during trading on Friday . The stock traded as high as $43.09 and last traded at $42.9850, with a volume of 151035 shares changing hands. The stock had previously closed at $41.25.

Analyst Ratings Changes

NBHC has been the topic of several research reports. Weiss Ratings upgraded shares of National Bank from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, March 30th. Wall Street Zen lowered shares of National Bank from a “hold” rating to a “sell” rating in a report on Saturday, January 31st. Piper Sandler began coverage on shares of National Bank in a report on Wednesday, March 25th. They issued an “overweight” rating and a $48.00 price target on the stock. DA Davidson reaffirmed a “buy” rating and issued a $46.00 price objective on shares of National Bank in a research report on Monday, April 6th. Finally, Zacks Research raised shares of National Bank from a “strong sell” rating to a “hold” rating in a research report on Monday, December 22nd. Five research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, National Bank currently has a consensus rating of “Moderate Buy” and a consensus price target of $45.40.

National Bank Price Performance

The company has a debt-to-equity ratio of 0.04, a current ratio of 0.94 and a quick ratio of 0.93. The firm has a market cap of $1.91 billion, a price-to-earnings ratio of 14.88 and a beta of 0.78. The business’s 50-day moving average price is $40.24 and its two-hundred day moving average price is $39.08.

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

National Bank Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Friday, February 27th were issued a $0.32 dividend. This is a boost from National Bank’s previous quarterly dividend of $0.31. This represents a $1.28 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend was Friday, February 27th. National Bank’s dividend payout ratio is presently 44.91%.

Insider Buying and Selling

In other National Bank news, insider John Steinmetz acquired 24,200 shares of the firm’s stock in a transaction on Wednesday, February 11th. The stock was purchased at an average price of $41.41 per share, with a total value of $1,002,122.00. Following the completion of the acquisition, the insider directly owned 536,504 shares in the company, valued at $22,216,630.64. This trade represents a 4.72% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 2.90% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On National Bank

Hedge funds have recently added to or reduced their stakes in the stock. Aster Capital Management DIFC Ltd lifted its stake in National Bank by 650.9% in the third quarter. Aster Capital Management DIFC Ltd now owns 796 shares of the financial services provider’s stock valued at $31,000 after buying an additional 690 shares during the last quarter. Meeder Asset Management Inc. acquired a new position in National Bank during the fourth quarter worth about $48,000. Global Retirement Partners LLC acquired a new position in National Bank during the fourth quarter worth about $66,000. Quarry LP grew its holdings in National Bank by 50.8% during the third quarter. Quarry LP now owns 1,819 shares of the financial services provider’s stock worth $70,000 after acquiring an additional 613 shares during the period. Finally, State of Wyoming acquired a new position in National Bank during the fourth quarter worth about $69,000. 92.65% of the stock is currently owned by institutional investors.

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.