National Bank (NYSE:NBHC – Free Report) had its price objective trimmed by Stephens from $44.00 to $39.00 in a report issued on Monday morning,Benzinga reports. The firm currently has an equal weight rating on the financial services provider’s stock.
A number of other research firms also recently issued reports on NBHC. DA Davidson reduced their price objective on National Bank from $45.00 to $43.00 and set a “buy” rating on the stock in a research note on Monday, October 5th. Zacks Research raised National Bank from a “strong sell” rating to a “hold” rating in a research note on Monday, October 5th. Piper Sandler decreased their price objective on shares of National Bank from $49.00 to $45.00 and set an “overweight” rating for the company in a report on Thursday, October 15th. Finally, Weiss Ratings cut National Bank from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, October 19th. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $42.33.
Read Our Latest Stock Analysis on National Bank
National Bank Stock Up 2.0%
Shares of NBHC stock opened at $38.25 on Monday. The company’s fifty day moving average price is $39.49 and its 200-day moving average price is $41.28. National Bank has a one year low of $35.50 and a one year high of $47.28. The company has a market capitalization of $1.70 billion, a price-to-earnings ratio of 30.36 and a beta of 0.83. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.96 and a quick ratio of 0.96.
National Bank (NYSE:NBHC – Get Free Report) last released its quarterly earnings data on Tuesday, October 27th. The financial services provider reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.73). The business had revenue of $126.44 million during the quarter, compared to the consensus estimate of $134.81 million. National Bank had a return on equity of 5.90% and a net margin of 8.02%. During the same period last year, the company earned $0.92 EPS. Sell-side analysts expect that National Bank will post 2.75 EPS for the current fiscal year.
National Bank Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Friday, November 27th will be issued a $0.33 dividend. The ex-dividend date is Friday, November 27th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.5%. This is a boost from National Bank’s previous quarterly dividend of $0.32. National Bank’s dividend payout ratio (DPR) is 101.59%.
Insider Activity
In other news, Director Art Zeile sold 4,000 shares of the business’s stock in a transaction on Friday, October 30th. The stock was sold at an average price of $37.43, for a total value of $149,720.00. Following the completion of the transaction, the director directly owned 15,816 shares of the company’s stock, valued at approximately $591,992.88. The trade was a 20.19% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 6.80% of the company’s stock.
Institutional Investors Weigh In On National Bank
Institutional investors have recently added to or reduced their stakes in the stock. Nykredit A S purchased a new position in National Bank in the second quarter worth $34,000. Versant Capital Management Inc increased its position in shares of National Bank by 108.7% during the third quarter. Versant Capital Management Inc now owns 887 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 462 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new stake in shares of National Bank during the 2nd quarter valued at $90,000. Arrowstreet Capital Limited Partnership purchased a new stake in shares of National Bank during the 1st quarter valued at $219,000. Finally, Pictet Asset Management Holding SA purchased a new stake in shares of National Bank during the 1st quarter valued at $221,000. Institutional investors own 92.65% of the company’s stock.
Trending Headlines about National Bank
Here are the key news stories impacting National Bank this week:
- Positive Sentiment: The company raised its quarterly dividend 3.1%, from $0.32 to $0.33 per share. The payment is scheduled for December 15 to shareholders of record November 27, equivalent to $1.32 annually and a yield of about 3.4%. Dividend announcement
- Negative Sentiment: Stephens cut its NBHC price target to $39 from $44 and maintained an Equal Weight rating, signaling less upside in the analyst’s view. Stephens price-target update
- Negative Sentiment: Director Art Zeile sold 4,000 shares for about $149,720, reducing his direct holdings by roughly 20%. Insider sales can weigh on sentiment, though the transaction alone does not establish the director’s reason for selling. Director stock sale
About National Bank
National Bank Holdings Corporation (NYSE: NBHC) is a bank holding company that operates through its principal subsidiary, NBH Bank. The company provides community banking services to businesses, individuals and institutions, with a focus on relationship-based banking and local market expertise.
NBH Bank offers a range of financial products and services, including commercial and small-business loans, consumer lending, residential real estate financing, business and personal deposit accounts, treasury management, online and mobile banking, and wealth management services.
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