National Bank (NYSE:NBHC) Reaches New 12-Month High – Should You Buy?

National Bank Holdings Co. (NYSE:NBHC) shares hit a new 52-week high on Wednesday . The company traded as high as $49.92 and last traded at $49.92, with a volume of 1674 shares changing hands. The stock had previously closed at $45.09.

Analyst Ratings Changes

NBHC has been the topic of a number of research reports. StockNews.com lowered shares of National Bank from a “hold” rating to a “sell” rating in a research note on Wednesday, July 24th. DA Davidson boosted their price objective on shares of National Bank from $51.00 to $53.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Piper Sandler boosted their price objective on shares of National Bank from $44.00 to $48.00 and gave the stock a “neutral” rating in a research report on Thursday, October 24th. Hovde Group boosted their price objective on shares of National Bank from $50.00 to $51.00 and gave the stock an “outperform” rating in a research report on Monday, October 28th. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of National Bank from $39.00 to $45.00 and gave the stock a “market perform” rating in a research report on Monday, July 29th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, National Bank currently has an average rating of “Hold” and a consensus target price of $49.20.

National Bank Stock Performance

The firm has a market cap of $1.87 billion, a P/E ratio of 15.23 and a beta of 0.84. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.92 and a current ratio of 0.92. The company’s 50 day moving average is $42.86 and its 200 day moving average is $40.02.

National Bank (NYSE:NBHC) last posted its quarterly earnings data on Tuesday, October 22nd. The financial services provider reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.10. National Bank had a net margin of 20.52% and a return on equity of 9.93%. The company had revenue of $156.39 million during the quarter, compared to analysts’ expectations of $102.32 million. During the same period in the prior year, the company posted $0.94 earnings per share. As a group, equities analysts predict that National Bank Holdings Co. will post 3.18 earnings per share for the current fiscal year.

National Bank Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 2.36%. The ex-dividend date of this dividend is Friday, November 29th. This is an increase from National Bank’s previous quarterly dividend of $0.28. National Bank’s dividend payout ratio (DPR) is 34.67%.

Insider Transactions at National Bank

In related news, Director Ralph W. Clermont sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $44.18, for a total transaction of $441,800.00. Following the completion of the transaction, the director now owns 66,653 shares of the company’s stock, valued at approximately $2,944,729.54. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Ralph W. Clermont sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $44.18, for a total value of $441,800.00. Following the completion of the sale, the director now directly owns 66,653 shares in the company, valued at approximately $2,944,729.54. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Valerie D. Kramer sold 725 shares of the company’s stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $40.17, for a total transaction of $29,123.25. Following the sale, the insider now owns 10,398 shares of the company’s stock, valued at $417,687.66. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 34,691 shares of company stock worth $1,502,496 over the last quarter. Corporate insiders own 3.30% of the company’s stock.

Institutional Trading of National Bank

Hedge funds and other institutional investors have recently modified their holdings of the business. Innealta Capital LLC bought a new position in National Bank during the 2nd quarter valued at about $41,000. Meeder Asset Management Inc. purchased a new position in shares of National Bank in the second quarter valued at $52,000. Assetmark Inc. bought a new stake in National Bank in the third quarter worth $71,000. Atria Investments Inc bought a new stake in shares of National Bank during the third quarter worth $202,000. Finally, Choreo LLC purchased a new position in National Bank in the second quarter valued at about $209,000. 92.65% of the stock is owned by hedge funds and other institutional investors.

About National Bank

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.