National Bank Holdings (NYSE:NBHC) shares reached a new 52-week high and low during trading on Tuesday . The company traded as low as $38.82 and last traded at $38.75, with a volume of 2766 shares changing hands. The stock had previously closed at $38.49.
NBHC has been the topic of a number of recent analyst reports. DA Davidson upgraded National Bank from a “neutral” rating to a “buy” rating and increased their price objective for the company from $36.00 to $38.00 in a report on Tuesday, March 27th. Zacks Investment Research downgraded National Bank from a “buy” rating to a “hold” rating in a report on Friday, March 16th. Finally, Stephens reiterated a “hold” rating and issued a $36.00 price objective on shares of National Bank in a report on Wednesday, May 2nd. One analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $36.57.
The company has a market capitalization of $1.16 billion, a PE ratio of 30.72, a P/E/G ratio of 1.91 and a beta of 0.69. The company has a quick ratio of 0.82, a current ratio of 0.83 and a debt-to-equity ratio of 0.12.
National Bank (NYSE:NBHC) last released its quarterly earnings results on Thursday, April 26th. The financial services provider reported $0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.12. The firm had revenue of $65.48 million for the quarter, compared to the consensus estimate of $62.97 million. National Bank had a return on equity of 7.19% and a net margin of 6.52%. The firm’s quarterly revenue was up 50.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.30 EPS. analysts forecast that National Bank Holdings will post 1.99 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, June 15th. Investors of record on Friday, May 25th will be paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date is Thursday, May 24th. This is an increase from National Bank’s previous quarterly dividend of $0.09. National Bank’s dividend payout ratio (DPR) is currently 28.57%.
In related news, insider Richard U. Jr. Newfield sold 50,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 16th. The stock was sold at an average price of $36.57, for a total transaction of $1,828,500.00. Following the transaction, the insider now owns 152,809 shares in the company, valued at approximately $5,588,225.13. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Burney S. Warren III sold 3,825 shares of the firm’s stock in a transaction that occurred on Wednesday, May 9th. The stock was sold at an average price of $36.36, for a total value of $139,077.00. Following the transaction, the director now owns 22,489 shares in the company, valued at approximately $817,700.04. The disclosure for this sale can be found here. Insiders have sold a total of 286,793 shares of company stock worth $9,801,662 in the last 90 days. 6.40% of the stock is currently owned by company insiders.
A number of large investors have recently added to or reduced their stakes in NBHC. UBS Group AG grew its stake in National Bank by 60.8% during the 1st quarter. UBS Group AG now owns 5,863 shares of the financial services provider’s stock worth $195,000 after buying an additional 2,216 shares during the last quarter. LS Investment Advisors LLC lifted its position in National Bank by 57.1% during the 4th quarter. LS Investment Advisors LLC now owns 6,736 shares of the financial services provider’s stock worth $218,000 after acquiring an additional 2,448 shares during the period. Teacher Retirement System of Texas acquired a new stake in National Bank during the 4th quarter worth approximately $298,000. WINTON GROUP Ltd acquired a new stake in National Bank during the 1st quarter worth approximately $306,000. Finally, Citigroup Inc. lifted its position in National Bank by 17.1% during the 1st quarter. Citigroup Inc. now owns 11,740 shares of the financial services provider’s stock worth $390,000 after acquiring an additional 1,718 shares during the period. Hedge funds and other institutional investors own 90.51% of the company’s stock.
National Bank Company Profile
National Bank Holdings Corporation operates as the bank holding company for NBH Bank, N.A. that provides various banking products and financial services to commercial, business, and consumer clients in the United States. The company offers deposit products, including checking accounts, savings accounts, money market accounts, and other deposit accounts, including fixed-rate and fixed maturity time deposits.
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