National Bank’s (NBHC) Buy Rating Reiterated at DA Davidson

DA Davidson reiterated their buy rating on shares of National Bank (NYSE:NBHC) in a report issued on Thursday,Benzinga reports. They currently have a $48.00 price target on the financial services provider’s stock.

A number of other analysts also recently commented on NBHC. Zacks Research upgraded National Bank from a “strong sell” rating to a “hold” rating in a report on Monday, December 22nd. Stephens raised National Bank from an “equal weight” rating to an “overweight” rating and set a $42.00 price target for the company in a research report on Monday, November 10th. Wall Street Zen downgraded National Bank from a “hold” rating to a “sell” rating in a report on Saturday, January 31st. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of National Bank in a research note on Thursday, January 22nd. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, National Bank has a consensus rating of “Moderate Buy” and an average target price of $45.25.

National Bank Trading Up 1.8%

Shares of NBHC stock opened at $42.57 on Thursday. The firm’s 50-day simple moving average is $40.30 and its 200-day simple moving average is $38.72. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.94 and a quick ratio of 0.93. National Bank has a 1-year low of $32.83 and a 1-year high of $43.08. The firm has a market cap of $1.61 billion, a P/E ratio of 14.94 and a beta of 0.81.

National Bank (NYSE:NBHC) last issued its quarterly earnings results on Tuesday, January 27th. The financial services provider reported $0.60 EPS for the quarter, missing the consensus estimate of $0.87 by ($0.27). The company had revenue of $100.64 million for the quarter, compared to analyst estimates of $107.48 million. National Bank had a return on equity of 8.65% and a net margin of 18.66%.During the same period last year, the company posted $0.86 EPS. As a group, equities analysts forecast that National Bank will post 3.31 EPS for the current year.

National Bank Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 27th will be paid a dividend of $0.32 per share. This is a boost from National Bank’s previous quarterly dividend of $0.31. This represents a $1.28 annualized dividend and a dividend yield of 3.0%. The ex-dividend date is Friday, February 27th. National Bank’s payout ratio is 43.51%.

Insider Activity

In other National Bank news, insider John Steinmetz purchased 24,200 shares of the business’s stock in a transaction that occurred on Wednesday, February 11th. The shares were acquired at an average price of $41.41 per share, for a total transaction of $1,002,122.00. Following the completion of the purchase, the insider owned 536,504 shares in the company, valued at $22,216,630.64. The trade was a 4.72% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 2.90% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the company. Mercer Global Advisors Inc. ADV bought a new stake in shares of National Bank in the 4th quarter valued at approximately $326,000. Empowered Funds LLC boosted its holdings in National Bank by 4.4% in the fourth quarter. Empowered Funds LLC now owns 151,699 shares of the financial services provider’s stock worth $5,766,000 after purchasing an additional 6,446 shares during the period. XTX Topco Ltd acquired a new position in National Bank in the fourth quarter worth $910,000. Voloridge Investment Management LLC increased its stake in National Bank by 47.5% during the fourth quarter. Voloridge Investment Management LLC now owns 96,233 shares of the financial services provider’s stock valued at $3,658,000 after purchasing an additional 31,002 shares during the last quarter. Finally, SummitTX Capital L.P. acquired a new stake in shares of National Bank during the fourth quarter worth $468,000. Institutional investors own 92.65% of the company’s stock.

About National Bank

National Bank Holdings Corporation (NYSE: NBHC) is a diversified financial services holding company headquartered in Cape Girardeau, Missouri. Through its network of community bank subsidiaries, the company provides deposit, lending and payment solutions to consumer, small business and commercial clients across multiple U.S. markets.

Since its founding in 1992, National Bank Holdings has pursued a growth strategy focused on acquiring and integrating locally branded community banks. Its footprint spans the Midwest and Southern United States, including Missouri, Kansas, Oklahoma, Texas, Colorado, Illinois and Tennessee.