DA Davidson Increases National Bank (NYSE:NBHC) Price Target to $53.00

National Bank (NYSE:NBHC - Free Report) had its price target lifted by DA Davidson from $51.00 to $53.00 in a research note issued to investors on Thursday morning, Benzinga reports. They currently have a buy rating on the financial services provider's stock.

Several other equities analysts have also recently weighed in on the company. Hovde Group lifted their price objective on National Bank from $42.00 to $50.00 and gave the company an "outperform" rating in a report on Friday, July 26th. Piper Sandler upped their price target on shares of National Bank from $44.00 to $48.00 and gave the company a "neutral" rating in a report on Thursday. StockNews.com lowered shares of National Bank from a "hold" rating to a "sell" rating in a report on Wednesday, July 24th. Keefe, Bruyette & Woods upped their target price on shares of National Bank from $39.00 to $45.00 and gave the stock a "market perform" rating in a research note on Monday, July 29th. Finally, Stephens lifted their price target on National Bank from $46.00 to $49.00 and gave the company an "equal weight" rating in a research note on Thursday. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat, National Bank currently has an average rating of "Hold" and an average target price of $49.00.

National Bank Trading Up 1.2 %

NYSE:NBHC traded up $0.55 during mid-day trading on Thursday, hitting $45.60. The company had a trading volume of 310,681 shares, compared to its average volume of 201,405. The firm has a market cap of $1.72 billion, a P/E ratio of 13.09 and a beta of 0.85. National Bank has a fifty-two week low of $28.60 and a fifty-two week high of $46.51. The business's fifty day moving average is $42.04 and its two-hundred day moving average is $39.10. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.93 and a current ratio of 0.93.

National Bank (NYSE:NBHC - Get Free Report) last released 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 21.40% and a return on equity of 10.44%. The business had revenue of $156.39 million for the quarter, compared to analyst estimates of $102.32 million. During the same quarter last year, the firm earned $0.94 EPS. As a group, research analysts expect that National Bank will post 3.03 earnings per share for the current year.

National Bank Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.54%. This is an increase from National Bank's previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Friday, November 29th. National Bank's dividend payout ratio is currently 32.18%.

Insider Activity

In related news, CEO G. Timothy Laney sold 49,763 shares of the stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $42.64, for a total transaction of $2,121,894.32. Following the completion of the transaction, the chief executive officer now directly owns 272,126 shares of the company's stock, valued at approximately $11,603,452.64. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, insider Valerie D. Kramer sold 725 shares of the business's stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $40.17, for a total transaction of $29,123.25. Following the transaction, the insider now directly owns 10,398 shares in the company, valued at $417,687.66. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO G. Timothy Laney sold 49,763 shares of the company's stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $42.64, for a total transaction of $2,121,894.32. Following the completion of the sale, the chief executive officer now directly owns 272,126 shares in the company, valued at approximately $11,603,452.64. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 103,192 shares of company stock worth $4,431,998 in the last quarter. Corporate insiders own 3.10% of the company's stock.

Institutional Trading of National Bank

Institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. lifted its stake in shares of National Bank by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 4,220,345 shares of the financial services provider's stock worth $156,955,000 after buying an additional 25,349 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in National Bank by 9.4% during the second quarter. Dimensional Fund Advisors LP now owns 1,950,210 shares of the financial services provider's stock worth $76,152,000 after acquiring an additional 167,711 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in shares of National Bank by 12,407.1% during the second quarter. Victory Capital Management Inc. now owns 1,824,912 shares of the financial services provider's stock worth $71,263,000 after acquiring an additional 1,810,321 shares during the period. Westwood Holdings Group Inc. grew its position in shares of National Bank by 2.1% in the first quarter. Westwood Holdings Group Inc. now owns 935,119 shares of the financial services provider's stock valued at $33,730,000 after purchasing an additional 19,016 shares during the last quarter. Finally, Principal Financial Group Inc. increased its stake in shares of National Bank by 194.7% during the second quarter. Principal Financial Group Inc. now owns 577,793 shares of the financial services provider's stock worth $22,563,000 after purchasing an additional 381,754 shares during the period. 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.