National Bank (NYSE:NBHC) Reaches New 1-Year High - Should You Buy?

National Bank Holdings Co. (NYSE:NBHC - Get Free Report) shares hit a new 52-week high during trading on Wednesday . The company traded as high as $46.70 and last traded at $46.70, with a volume of 202 shares traded. The stock had previously closed at $45.63.

Analyst Ratings Changes

A number of brokerages have recently weighed in on NBHC. StockNews.com lowered National Bank from a "hold" rating to a "sell" rating in a report on Wednesday, July 24th. Keefe, Bruyette & Woods raised their price target 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. DA Davidson upped their price objective on shares of National Bank from $51.00 to $53.00 and gave the company a "buy" rating in a report on Thursday, October 24th. Hovde Group raised their target price on shares of National Bank from $50.00 to $51.00 and gave the stock an "outperform" rating in a report on Monday. Finally, Stephens upped their price target on shares of National Bank from $46.00 to $49.00 and gave the company an "equal weight" rating in a report on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $49.20.

National Bank Price Performance

The stock has a market capitalization of $1.74 billion, a PE ratio of 14.29 and a beta of 0.85. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.92 and a quick ratio of 0.92. The stock's fifty day moving average is $42.36 and its 200-day moving average is $39.45.

National Bank (NYSE:NBHC - Get Free Report) last posted its earnings results on Tuesday, October 22nd. The financial services provider reported $0.86 earnings per share (EPS) 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 business had revenue of $156.39 million for the quarter, compared to analyst estimates of $102.32 million. During the same period in the prior year, the company posted $0.94 EPS. As a group, equities analysts predict that National Bank Holdings Co. will post 3.13 earnings per share for the current fiscal year.

National Bank Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be issued a $0.29 dividend. This is a positive change from National Bank's previous quarterly dividend of $0.28. This represents a $1.16 annualized dividend and a yield of 2.53%. The ex-dividend date of this dividend is Friday, November 29th. National Bank's dividend payout ratio (DPR) is presently 34.67%.

Insider Activity

In other National Bank news, CEO G. Timothy Laney sold 16,063 shares of the stock in a transaction on Monday, August 26th. The shares were sold at an average price of $43.34, for a total transaction of $696,170.42. Following the transaction, the chief executive officer now directly owns 256,026 shares of the company's stock, valued at $11,096,166.84. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, EVP Christopher S. Randall sold 3,750 shares of National Bank stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $43.51, for a total value of $163,162.50. Following the sale, the executive vice president now directly owns 14,365 shares of the company's stock, valued at $625,021.15. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO G. Timothy Laney sold 16,063 shares of the stock in a transaction on Monday, August 26th. The shares were sold at an average price of $43.34, for a total value of $696,170.42. Following the completion of the transaction, the chief executive officer now directly owns 256,026 shares of the company's stock, valued at approximately $11,096,166.84. 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 three months. 3.30% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On National Bank

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. SG Americas Securities LLC purchased a new position in shares of National Bank in the third quarter worth about $491,000. AQR Capital Management LLC lifted its stake in National Bank by 49.0% in the 2nd quarter. AQR Capital Management LLC now owns 10,378 shares of the financial services provider's stock worth $405,000 after purchasing an additional 3,415 shares in the last quarter. Public Sector Pension Investment Board boosted its holdings in shares of National Bank by 7.4% during the 2nd quarter. Public Sector Pension Investment Board now owns 83,181 shares of the financial services provider's stock worth $3,248,000 after purchasing an additional 5,731 shares during the last quarter. Intech Investment Management LLC purchased a new stake in shares of National Bank in the second quarter valued at approximately $319,000. Finally, Dimensional Fund Advisors LP increased its holdings in shares of National Bank by 9.4% in the second quarter. Dimensional Fund Advisors LP now owns 1,950,210 shares of the financial services provider's stock valued at $76,152,000 after purchasing an additional 167,711 shares during the last quarter. Institutional investors and hedge funds own 92.65% of the company's stock.

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.