National Bank (NYSE:NBHC) Stock Passes Above Two Hundred Day Moving Average – Here’s What Happened

National Bank Holdings Corporation (NYSE:NBHC)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-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 traded.

Wall Street Analyst Weigh In

NBHC has been the subject of several research reports. Wall Street Zen upgraded National Bank from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Weiss Ratings downgraded National Bank from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, June 5th. DA Davidson restated a “buy” rating and set a $46.00 price objective on shares of National Bank in a research report on Wednesday, April 22nd. Finally, Piper Sandler lifted their price objective on National Bank from $48.00 to $52.00 and gave the stock an “overweight” rating in a research report on Monday, April 27th. Five analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $46.20.

National Bank Price Performance

The stock has a market capitalization of $1.92 billion, a PE ratio of 16.01 and a beta of 0.78. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.12. The company’s 50 day simple moving average is $41.81 and its 200 day simple moving average is $40.44.

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

National Bank Announces Dividend

The company 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 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend is Friday, May 29th. National Bank’s payout ratio is presently 47.76%.

Institutional Trading of National Bank

Several hedge funds and other institutional investors have recently bought and sold shares of the company. JPMorgan Chase & Co. grew its stake in shares of National Bank by 62.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 231,916 shares of the financial services provider’s stock valued at $8,961,000 after buying an additional 88,876 shares during the period. Endeavour Capital Advisors Inc. purchased a new stake in shares of National Bank during the 4th quarter valued at $6,659,000. Deprince Race & Zollo Inc. grew its stake in shares of National Bank by 215.4% during the 4th 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 period. Public Sector Pension Investment Board grew its stake in shares of National Bank by 14.3% during the 3rd quarter. Public Sector Pension Investment Board now owns 148,367 shares of the financial services provider’s stock valued at $5,733,000 after buying an additional 18,517 shares during the period. Finally, SG Americas Securities LLC grew its stake in shares of National Bank by 87.5% during the 4th quarter. SG Americas Securities LLC now owns 54,765 shares of the financial services provider’s stock valued at $2,082,000 after buying an additional 25,554 shares during the period. 92.65% of the stock is owned by hedge funds and other 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.