National Bank (NYSE:NBHC) Shares Cross Above 200-Day Moving Average – Here’s Why

National Bank Holdings Corporation (NYSE:NBHC) shares crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $40.35 and traded as high as $43.29. National Bank shares last traded at $42.7050, with a volume of 344,970 shares changing hands.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on NBHC shares. Weiss Ratings downgraded shares of National Bank from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday. Piper Sandler increased their price objective 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. 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 set a $46.00 price objective 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. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $46.20.

National Bank Trading Up 1.7%

The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.12. The stock has a market cap of $1.91 billion, a price-to-earnings ratio of 15.93 and a beta of 0.78. The firm’s 50 day moving average is $41.65 and its two-hundred day moving average is $40.35.

National Bank (NYSE:NBHC) last posted 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. The company had revenue of $126.78 million for the quarter, compared to analysts’ expectations of $129.30 million. National Bank had a return on equity of 8.72% and a net margin of 17.14%.The firm’s quarterly revenue was up 37.8% compared to the same quarter last year. During the same period last year, the business posted $0.63 earnings per share. Equities analysts anticipate that National Bank Holdings Corporation will post 3.51 EPS for the current year.

National Bank Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 29th will be paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date is Friday, May 29th. National Bank’s dividend payout ratio (DPR) is presently 47.76%.

Institutional Investors Weigh In On National Bank

A number of hedge funds have recently added to or reduced their stakes in NBHC. Deprince Race & Zollo Inc. lifted its stake in National Bank by 215.4% in the fourth quarter. Deprince Race & Zollo Inc. now owns 1,162,432 shares of the financial services provider’s stock valued at $44,184,000 after buying an additional 793,902 shares during the last quarter. North Reef Capital Management LP bought a new stake in National Bank in the first quarter valued at $12,545,000. AQR Capital Management LLC lifted its stake in National Bank by 138.9% in the fourth quarter. AQR Capital Management LLC now owns 430,078 shares of the financial services provider’s stock valued at $16,347,000 after buying an additional 250,088 shares during the last quarter. Russell Investments Group Ltd. lifted its stake in National Bank by 143.3% in the fourth quarter. Russell Investments Group Ltd. now owns 405,164 shares of the financial services provider’s stock valued at $15,400,000 after buying an additional 238,642 shares during the last quarter. Finally, Millennium Management LLC lifted its stake in National Bank by 2,057.9% in the first quarter. Millennium Management LLC now owns 199,453 shares of the financial services provider’s stock valued at $7,633,000 after buying an additional 190,210 shares during the last quarter. 92.65% of the stock is currently owned by institutional investors.

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.