National Bank (NYSE:NBHC) Shares Cross Above 200-Day Moving Average – Here’s Why

National Bank Holdings Corporation (NYSE:NBHC)’s stock price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $40.35 and traded as high as $43.29. National Bank shares last traded at $42.7050, with a volume of 344,970 shares trading hands.

Wall Street Analysts Forecast Growth

NBHC has been the topic of a number of recent research reports. Weiss Ratings lowered shares of National Bank from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday. Piper Sandler upped their target price on shares of National Bank from $48.00 to $52.00 and gave the company an “overweight” rating in a report on Monday, April 27th. DA Davidson restated a “buy” rating and issued a $46.00 target price on shares of National Bank in a report on Wednesday, April 22nd. Finally, Wall Street Zen upgraded shares of National Bank from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Five investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $46.20.

National Bank Stock Performance

The company’s fifty day moving average price is $41.65 and its two-hundred day moving average price is $40.35. The firm has a market capitalization of $1.91 billion, a PE ratio of 15.93 and a beta of 0.78. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.95 and a current ratio of 0.95.

National Bank (NYSE:NBHC) last posted its earnings results on Tuesday, April 21st. The financial services provider reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.07. The firm had revenue of $126.78 million during the quarter, compared to the consensus estimate of $129.30 million. National Bank had a net margin of 17.14% and a return on equity of 8.72%. The company’s revenue was up 37.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.63 EPS. As a group, equities analysts expect that National Bank Holdings Corporation will post 3.51 earnings per share for the current year.

National Bank Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 29th will be given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend is Friday, May 29th. National Bank’s dividend payout ratio is 47.76%.

Institutional Trading of National Bank

Large investors have recently bought and sold shares of the company. JPMorgan Chase & Co. raised its stake in shares of National Bank by 62.1% during the third quarter. JPMorgan Chase & Co. now owns 231,916 shares of the financial services provider’s stock valued at $8,961,000 after purchasing an additional 88,876 shares during the period. Endeavour Capital Advisors Inc. purchased a new stake in shares of National Bank during the fourth quarter valued at approximately $6,659,000. Deprince Race & Zollo Inc. raised its stake in shares of National Bank by 215.4% during the fourth quarter. Deprince Race & Zollo Inc. now owns 1,162,432 shares of the financial services provider’s stock valued at $44,184,000 after purchasing an additional 793,902 shares during the period. Public Sector Pension Investment Board raised its stake in shares of National Bank by 14.3% during the third quarter. Public Sector Pension Investment Board now owns 148,367 shares of the financial services provider’s stock valued at $5,733,000 after purchasing an additional 18,517 shares during the period. Finally, SG Americas Securities LLC raised its stake in shares of National Bank by 87.5% during the fourth quarter. SG Americas Securities LLC now owns 54,765 shares of the financial services provider’s stock valued at $2,082,000 after purchasing an additional 25,554 shares during the period. Institutional investors and hedge funds 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.