National Bank (NYSE:NBHC) Price Target Raised to $51.00

National Bank (NYSE:NBHC) had its target price lifted by Hovde Group from $50.00 to $51.00 in a report released on Monday morning, Marketbeat reports. They currently have an outperform rating on the financial services provider’s stock.

Several other equities research analysts have also recently commented on the company. Stephens lifted their target price on National Bank from $46.00 to $49.00 and gave the company an “equal weight” rating in a research note on Thursday, October 24th. Piper Sandler lifted their target price on National Bank from $44.00 to $48.00 and gave the company a “neutral” rating in a research note on Thursday, October 24th. DA Davidson lifted their target price on National Bank from $51.00 to $53.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Keefe, Bruyette & Woods lifted their target price on National Bank from $39.00 to $45.00 and gave the company a “market perform” rating in a research note on Monday, July 29th. Finally, StockNews.com cut National Bank from a “hold” rating to a “sell” rating in a research note on Wednesday, July 24th. One equities research 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’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $49.20.

National Bank Trading Up 0.6 %

Shares of NBHC opened at $45.91 on Monday. The stock has a fifty day moving average price of $42.36 and a two-hundred day moving average price of $39.45. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.92 and a current ratio of 0.92. National Bank has a 52-week low of $30.34 and a 52-week high of $46.82. The company has a market cap of $1.74 billion, a price-to-earnings ratio of 14.29 and a beta of 0.85.

National Bank (NYSE:NBHC) last issued its quarterly earnings data on Tuesday, October 22nd. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.10. The firm had revenue of $156.39 million during the quarter, compared to the consensus estimate of $102.32 million. National Bank had a return on equity of 9.93% and a net margin of 20.52%. During the same quarter in the previous year, the company posted $0.94 EPS. Analysts predict that National Bank will post 3.13 EPS for the current fiscal year.

National Bank Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be paid a dividend of $0.29 per share. The ex-dividend date is Friday, November 29th. This is a boost from National Bank’s previous quarterly dividend of $0.28. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.53%. National Bank’s payout ratio is 34.67%.

Insider Buying and Selling

In related news, insider Valerie D. Kramer sold 725 shares of National Bank stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $40.17, for a total transaction of $29,123.25. Following the completion of the sale, the insider now directly owns 10,398 shares of the company’s stock, valued at $417,687.66. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other National Bank news, 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 value of $29,123.25. Following the completion of the transaction, the insider now directly owns 10,398 shares of the company’s stock, valued at approximately $417,687.66. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 value of $163,162.50. Following the completion of the transaction, the executive vice president now directly owns 14,365 shares of the company’s stock, valued at approximately $625,021.15. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 34,691 shares of company stock valued at $1,502,496 over the last three months. Company insiders own 3.30% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Innealta Capital LLC bought a new stake in shares of National Bank in the second quarter valued at about $41,000. Meeder Asset Management Inc. bought a new stake in shares of National Bank in the second quarter valued at about $52,000. Choreo LLC bought a new stake in shares of National Bank in the second quarter valued at about $209,000. ProShare Advisors LLC lifted its holdings in shares of National Bank by 7.4% in the first 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 in the last quarter. Finally, Intech Investment Management LLC bought a new stake in shares of National Bank in the second quarter valued at about $319,000. 92.65% of the stock is owned by institutional investors and hedge funds.

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.