National Bank (NYSE:NBHC) Reaches New 12-Month High at $39.86

National Bank Holdings Co. (NYSE:NBHC)’s share price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $39.86 and last traded at $39.82, with a volume of 116456 shares traded. The stock had previously closed at $38.77.

Analyst Upgrades and Downgrades

NBHC has been the topic of a number of research analyst reports. Hovde Group reduced their price objective on shares of National Bank from $45.00 to $40.50 and set an “outperform” rating on the stock in a research note on Monday, April 29th. StockNews.com upgraded shares of National Bank from a “sell” rating to a “hold” rating in a report on Wednesday, May 29th. DA Davidson lifted their price target on shares of National Bank from $42.00 to $45.00 and gave the company a “buy” rating in a research report on Tuesday, July 2nd. TheStreet lowered shares of National Bank from a “b” rating to a “c+” rating in a research report on Monday, March 18th. Finally, Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $39.00 price target (down previously from $40.00) on shares of National Bank in a research note on Friday, April 26th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, National Bank presently has an average rating of “Moderate Buy” and an average price target of $39.90.

National Bank Trading Up 0.6 %

The firm has a fifty day moving average price of $37.07 and a 200 day moving average price of $35.49. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.91 and a current ratio of 0.91. The company has a market cap of $1.58 billion, a price-to-earnings ratio of 11.98 and a beta of 0.86.

National Bank (NYSE:NBHC) last posted its quarterly earnings results on Wednesday, April 24th. The financial services provider reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $0.03. The business had revenue of $149.43 million for the quarter, compared to analysts’ expectations of $101.98 million. National Bank had a return on equity of 11.20% and a net margin of 22.94%. During the same quarter in the prior year, the business earned $1.06 EPS. As a group, equities analysts predict that National Bank Holdings Co. will post 3.08 EPS for the current fiscal year.

National Bank Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Friday, May 31st were given a $0.28 dividend. The ex-dividend date was Friday, May 31st. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.69%. This is a boost from National Bank’s previous quarterly dividend of $0.27. National Bank’s dividend payout ratio (DPR) is presently 32.18%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of NBHC. Elizabeth Park Capital Advisors Ltd. bought a new stake in shares of National Bank during the fourth quarter worth about $2,408,000. Vanguard Group Inc. grew its holdings in shares of National Bank by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 4,220,345 shares of the financial services provider’s stock worth $156,955,000 after purchasing an additional 25,349 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of National Bank by 5.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,678,537 shares of the financial services provider’s stock worth $62,426,000 after purchasing an additional 79,519 shares during the last quarter. Hsbc Holdings PLC grew its holdings in shares of National Bank by 1,015.3% during the fourth quarter. Hsbc Holdings PLC now owns 235,268 shares of the financial services provider’s stock worth $8,754,000 after purchasing an additional 214,174 shares during the last quarter. Finally, Wellington Management Group LLP grew its holdings in shares of National Bank by 6.5% during the fourth quarter. Wellington Management Group LLP now owns 3,904,987 shares of the financial services provider’s stock worth $145,226,000 after purchasing an additional 239,401 shares during the last quarter. Institutional investors own 92.65% of the company’s stock.

National Bank Company Profile

National Bank Holdings Corporation operates as the bank holding company for NBH Bank that provides various banking products and financial services to commercial, business, and consumer clients in the United States. It offers deposit products, including checking, savings, money market, and other deposit accounts, including fixed-rate and fixed maturity time deposits.