National Bank (NYSE:NBHC) Price Target Increased to $53.00 by Analysts at DA Davidson

National Bank (NYSE:NBHC) had its price objective boosted by DA Davidson from $51.00 to $53.00 in a report published on Thursday, Benzinga reports. The brokerage currently has a buy rating on the financial services provider’s stock. DA Davidson also issued estimates for National Bank’s Q4 2024 earnings at $0.84 EPS.

Several other research analysts have also issued reports on the stock. Keefe, Bruyette & Woods increased their price target on shares of National Bank from $39.00 to $45.00 and gave the stock a “market perform” rating in a research note on Monday, July 29th. Piper Sandler lifted their target price on shares of National Bank from $44.00 to $48.00 and gave the company a “neutral” rating in a report on Thursday. Hovde Group upped their price target on National Bank from $42.00 to $50.00 and gave the stock an “outperform” rating in a research note on Friday, July 26th. Stephens lifted their price objective on National Bank from $46.00 to $49.00 and gave the company an “equal weight” rating in a research note on Thursday. Finally, StockNews.com cut National Bank from a “hold” rating to a “sell” rating in a research note on Wednesday, July 24th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $49.00.

National Bank Trading Down 2.2 %

Shares of National Bank stock traded down $1.02 during midday trading on Thursday, reaching $44.58. 30,119 shares of the company’s stock traded hands, compared to its average volume of 200,577. The company has a market cap of $1.69 billion, a PE ratio of 14.12 and a beta of 0.85. The stock has a 50 day moving average of $42.14 and a 200-day moving average of $39.15. National Bank has a 12 month low of $29.86 and a 12 month high of $46.51. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.93 and a current ratio of 0.93.

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

National Bank Increases Dividend

The firm 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 dividend of $0.29 per share. This is an increase 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 2.60%. The ex-dividend date of this dividend is Friday, November 29th. National Bank’s dividend payout ratio is presently 34.67%.

Insider Buying and Selling

In other National Bank news, CEO G. Timothy Laney sold 49,763 shares of the firm’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $42.64, for a total value of $2,121,894.32. Following the transaction, the chief executive officer now directly owns 272,126 shares of the company’s stock, valued at approximately $11,603,452.64. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, CEO G. Timothy Laney sold 49,763 shares of the business’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $42.64, for a total value of $2,121,894.32. Following the transaction, the chief executive officer now directly owns 272,126 shares in the company, valued at $11,603,452.64. The trade was 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 at this hyperlink. Also, insider Valerie D. Kramer sold 725 shares of the 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 sale, the insider now owns 10,398 shares of the company’s stock, valued at $417,687.66. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 84,454 shares of company stock worth $3,624,390. 3.10% of the stock is owned by corporate insiders.

Institutional Trading of National Bank

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Victory Capital Management Inc. increased its holdings in shares of National Bank by 12,407.1% in the second 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. Principal Financial Group Inc. increased its stake in National Bank by 194.7% in the 2nd quarter. Principal Financial Group Inc. now owns 577,793 shares of the financial services provider’s stock worth $22,563,000 after acquiring an additional 381,754 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of National Bank by 154.8% during the 2nd quarter. American Century Companies Inc. now owns 377,929 shares of the financial services provider’s stock worth $14,758,000 after acquiring an additional 229,630 shares in the last quarter. Russell Investments Group Ltd. boosted its position in shares of National Bank by 87.6% during the 1st quarter. Russell Investments Group Ltd. now owns 478,748 shares of the financial services provider’s stock valued at $17,268,000 after acquiring an additional 223,505 shares during the last quarter. Finally, Boston Partners grew its holdings in shares of National Bank by 743.6% in the first quarter. Boston Partners now owns 200,094 shares of the financial services provider’s stock valued at $7,211,000 after purchasing an additional 176,375 shares in the last quarter. 92.65% of the stock is currently owned by institutional investors.

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.