National Bank (NYSE:NBHC) Price Target Increased to $51.00 by Analysts at Hovde Group

National Bank (NYSE:NBHC - Free Report) had its price target increased by Hovde Group from $50.00 to $51.00 in a research report sent to investors on Monday morning, Marketbeat Ratings reports. They currently have an outperform rating on the financial services provider's stock.

Several other equities research analysts also recently commented on the stock. Keefe, Bruyette & Woods upped their target price on shares of National Bank from $39.00 to $45.00 and gave the company a "market perform" rating in a research note on Monday, July 29th. StockNews.com downgraded shares of National Bank from a "hold" rating to a "sell" rating in a research note on Wednesday, July 24th. Stephens upped their target price on shares of National Bank from $46.00 to $49.00 and gave the company an "equal weight" rating in a research note on Thursday. DA Davidson upped their target price on shares of National Bank from $51.00 to $53.00 and gave the company a "buy" rating in a research note on Thursday. Finally, Piper Sandler upped their target price on shares of National Bank from $44.00 to $48.00 and gave the company a "neutral" rating in a research note on Thursday. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $49.20.

National Bank Trading Up 2.5 %

Shares of NBHC traded up $1.10 on Monday, reaching $45.50. 181,450 shares of the company's stock were exchanged, compared to its average volume of 177,289. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $1.73 billion, a P/E ratio of 14.09 and a beta of 0.85. The business has a 50 day moving average price of $42.20 and a two-hundred day moving average price of $39.28. National Bank has a 12 month low of $30.34 and a 12 month high of $46.51.

National Bank (NYSE:NBHC - Get Free Report) last posted its quarterly earnings results on Tuesday, October 22nd. The financial services provider reported $0.86 earnings per share for the quarter, topping analysts' consensus estimates of $0.76 by $0.10. The business had revenue of $156.39 million during the quarter, compared to the consensus estimate of $102.32 million. National Bank had a net margin of 20.52% and a return on equity of 9.93%. During the same period in the previous year, the firm posted $0.94 earnings per share. Research analysts anticipate that National Bank will post 3.13 earnings per share for the current year.

National Bank Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be issued a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 2.55%. The ex-dividend date of this dividend is Friday, November 29th. This is a boost from National Bank's previous quarterly dividend of $0.28. National Bank's dividend payout ratio is 34.67%.

Insider Activity

In related news, EVP Christopher S. Randall sold 3,750 shares of the stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $43.51, for a total transaction of $163,162.50. Following the completion of the transaction, the executive vice president now owns 14,365 shares in the company, valued at approximately $625,021.15. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, EVP Christopher S. Randall sold 3,750 shares of the business's stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $43.51, for a total transaction of $163,162.50. Following the transaction, the executive vice president now directly owns 14,365 shares in the company, valued at $625,021.15. 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, insider Valerie D. Kramer sold 725 shares of the business's stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $40.17, for a total transaction of $29,123.25. Following the transaction, the insider now owns 10,398 shares in the company, 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. 3.30% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Louisiana State Employees Retirement System boosted its stake in shares of National Bank by 1.6% during the 2nd quarter. Louisiana State Employees Retirement System now owns 19,000 shares of the financial services provider's stock worth $742,000 after acquiring an additional 300 shares during the period. Texas Permanent School Fund Corp boosted its stake in National Bank by 1.4% in the 1st quarter. Texas Permanent School Fund Corp now owns 33,069 shares of the financial services provider's stock valued at $1,193,000 after purchasing an additional 449 shares during the period. Rhumbline Advisers boosted its stake in National Bank by 0.4% in the 2nd quarter. Rhumbline Advisers now owns 126,304 shares of the financial services provider's stock valued at $4,932,000 after purchasing an additional 492 shares during the period. ProShare Advisors LLC boosted its stake in National Bank by 7.4% in the 1st quarter. ProShare Advisors LLC now owns 7,450 shares of the financial services provider's stock valued at $269,000 after purchasing an additional 513 shares during the period. Finally, Innealta Capital LLC bought a new stake in National Bank in the 2nd quarter valued at $41,000. 92.65% of the stock is currently owned by institutional investors.

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.