National Bank (NYSE:NBHC) Sets New 12-Month High – Still a Buy?

National Bank Holdings Corporation (NYSE:NBHC) reached a new 52-week high on Wednesday . The stock traded as high as $45.65 and last traded at $45.54, with a volume of 61687 shares trading hands. The stock had previously closed at $45.01.

Analysts Set New Price Targets

A number of research firms have recently commented on NBHC. Weiss Ratings upgraded National Bank from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, June 24th. DA Davidson restated a “buy” rating and issued a $46.00 price target on shares of National Bank in a research report on Wednesday, April 22nd. Wall Street Zen raised shares of National Bank from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, Piper Sandler increased their price objective on shares of National Bank from $48.00 to $52.00 and gave the company an “overweight” rating in a research report on Monday, April 27th. Five research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $46.20.

National Bank Stock Performance

The firm has a market capitalization of $2.05 billion, a PE ratio of 17.11 and a beta of 0.78. The business has a 50-day simple moving average of $42.87 and a 200-day simple moving average of $41.27. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.95 and a quick ratio of 0.95.

National Bank (NYSE:NBHC) last released its earnings results on Tuesday, April 21st. The financial services provider reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.07. National Bank had a return on equity of 8.72% and a net margin of 17.14%.The firm had revenue of $126.78 million for the quarter, compared to the consensus estimate of $129.30 million. During the same quarter in the previous year, the company posted $0.63 EPS. The company’s revenue for the quarter was up 37.8% compared to the same quarter last year. Equities research analysts expect that National Bank Holdings Corporation will post 3.51 earnings per share for the current fiscal year.

National Bank Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, May 29th were given a dividend of $0.32 per share. The ex-dividend date was Friday, May 29th. This represents a $1.28 dividend on an annualized basis and a yield of 2.8%. National Bank’s payout ratio is 47.76%.

Institutional Investors Weigh In On National Bank

Institutional investors have recently made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position 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 purchasing an additional 252 shares during the period. Illinois Municipal Retirement Fund grew its stake in shares of National Bank by 1.5% during the 1st quarter. Illinois Municipal Retirement Fund now owns 19,816 shares of the financial services provider’s stock worth $776,000 after purchasing an additional 300 shares during the period. Nisa Investment Advisors LLC increased its holdings in shares of National Bank by 17.9% during the 4th quarter. Nisa Investment Advisors LLC now owns 3,283 shares of the financial services provider’s stock valued at $125,000 after purchasing an additional 499 shares in the last quarter. Harbor Capital Advisors Inc. increased its holdings in National Bank by 3.5% in the fourth 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 in the last quarter. Finally, Quarry LP increased its stake in shares of National Bank by 50.8% in the 3rd quarter. Quarry LP now owns 1,819 shares of the financial services provider’s stock valued at $70,000 after purchasing an additional 613 shares in the last quarter. Institutional investors 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.