National Bank (NYSE:NBHC) Price Target Raised to $48.00

National Bank (NYSE:NBHC) had its price target hoisted by Piper Sandler from $44.00 to $48.00 in a report published on Thursday, Benzinga reports. They currently have a neutral rating on the financial services provider’s stock.

Several other research firms have also recently issued reports on NBHC. Stephens raised their price objective on National Bank from $38.00 to $46.00 and gave the stock an “equal weight” rating in a report on Thursday, July 25th. DA Davidson lifted their price target on National Bank from $42.00 to $45.00 and gave the company a “buy” rating in a report on Tuesday, July 2nd. Hovde Group increased their price objective on shares of National Bank from $42.00 to $50.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. Keefe, Bruyette & Woods boosted their target price on shares of National Bank from $39.00 to $45.00 and gave the company a “market perform” rating in a report on Monday, July 29th. Finally, StockNews.com downgraded shares of 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 issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $49.00.

National Bank Stock Down 1.7 %

NBHC stock traded down $0.78 during trading on Thursday, hitting $44.82. 27,950 shares of the company’s stock were exchanged, compared to its average volume of 200,567. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.07. National Bank has a 52-week low of $29.86 and a 52-week high of $46.51. The business has a 50-day moving average price of $42.14 and a two-hundred day moving average price of $39.15. The stock has a market capitalization of $1.70 billion, a price-to-earnings ratio of 14.12 and a beta of 0.85.

National Bank (NYSE:NBHC) last posted its quarterly earnings data on Tuesday, October 22nd. The financial services provider reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.10. National Bank had a return on equity of 10.06% and a net margin of 20.52%. The firm had revenue of $156.39 million during the quarter, compared to analysts’ expectations of $102.32 million. During the same quarter last year, the business posted $0.94 EPS. As a group, equities research analysts expect that National Bank will post 3.03 EPS for the current year.

National Bank Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 2.59%. This is a boost from National Bank’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Friday, November 29th. National Bank’s payout ratio is 34.67%.

Insiders Place Their Bets

In related news, CEO G. Timothy Laney sold 49,763 shares of National Bank stock in a transaction on 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 transaction, the chief executive officer now owns 272,126 shares in the company, valued at approximately $11,603,452.64. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other National Bank news, insider Valerie D. Kramer sold 725 shares of the stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $40.17, for a total value of $29,123.25. Following the completion of the sale, the insider now owns 10,398 shares of the company’s stock, valued at $417,687.66. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO G. Timothy Laney sold 49,763 shares of the business’s stock in a transaction 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 transaction, 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 a total of 84,454 shares of company stock worth $3,624,390 over the last ninety days. 3.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On National Bank

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of National Bank by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 4,220,345 shares of the financial services provider’s stock valued at $156,955,000 after acquiring an additional 25,349 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in National Bank by 9.4% during the 2nd 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 in the last quarter. Victory Capital Management Inc. increased its holdings in National Bank by 12,407.1% during the 2nd quarter. Victory Capital Management Inc. now owns 1,824,912 shares of the financial services provider’s stock worth $71,263,000 after purchasing an additional 1,810,321 shares during the last quarter. Westwood Holdings Group Inc. raised its position in shares of National Bank by 2.1% in the 1st 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 in the last quarter. Finally, Principal Financial Group Inc. boosted its stake in shares of National Bank by 194.7% during the 2nd quarter. Principal Financial Group Inc. now owns 577,793 shares of the financial services provider’s stock valued at $22,563,000 after buying an additional 381,754 shares during the last quarter. Hedge funds and other 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.