National Bank (NYSE:NBHC) Share Price Passes Above 200 Day Moving Average - Time to Sell?

Key Points

• Price moved above its 200-day moving average: NBHC climbed above its 200‑day MA of $39.37, trading as high as $42.99 and last at $42.4150 on Monday with volume of 388,531 shares.
• Analyst sentiment remains positive: Five analysts rate the stock a Buy and two rate Hold, giving a consensus “Moderate Buy” and an average target of $46.20, with recent upgrades from DA Davidson, Weiss Ratings and Piper Sandler (target raised to $52).
• Solid recent fundamentals and insider buying: Q1 EPS of $0.72 beat estimates ($0.65) with revenue up 37.8% YoY, the company has a market cap of $1.91B and low leverage (debt/equity 0.12), and insider John Steinmetz bought 24,200 shares while institutions own ~92.65%.

Shares of National Bank Holdings Corporation (NYSE:NBHC - Get Free Report) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $39.37 and traded as high as $42.99. National Bank shares last traded at $42.4150, with a volume of 388,531 shares.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. DA Davidson reissued a "buy" rating and set a $46.00 price objective on shares of National Bank in a research report on Wednesday, April 22nd. Weiss Ratings raised shares of National Bank from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Monday, March 30th. Piper Sandler boosted their price target on shares of National Bank from $48.00 to $52.00 and gave the company an "overweight" rating in a research report on Monday, April 27th. Finally, Wall Street Zen raised shares of National Bank from a "strong sell" rating to a "sell" rating in a research note on Saturday, April 25th. Five investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $46.20.

National Bank Stock Performance

The company has a 50 day moving average of $40.40 and a two-hundred day moving average of $39.37. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.95 and a quick ratio of 0.95. The company has a market capitalization of $1.91 billion, a PE ratio of 15.83 and a beta of 0.80.

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

Insider Buying and Selling

In other National Bank news, insider John Steinmetz acquired 24,200 shares of the company's stock in a transaction that occurred on Wednesday, February 11th. The shares were acquired at an average price of $41.41 per share, with a total value of $1,002,122.00. Following the completion of the purchase, the insider directly owned 536,504 shares of the company's stock, valued at approximately $22,216,630.64. The trade was a 4.72% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 6.80% of the stock is owned by insiders.

Institutional Trading of National Bank

A number of hedge funds have recently made changes to their positions in NBHC. Aster Capital Management DIFC Ltd grew its stake in shares of National Bank by 650.9% in the 3rd quarter. Aster Capital Management DIFC Ltd now owns 796 shares of the financial services provider's stock worth $31,000 after buying an additional 690 shares during the last quarter. Meeder Asset Management Inc. purchased a new position in National Bank during the fourth quarter valued at $48,000. Global Retirement Partners LLC bought a new stake in National Bank in the fourth quarter worth $66,000. State of Wyoming bought a new stake in National Bank in the fourth quarter worth $69,000. Finally, Quarry LP grew its stake in shares of National Bank by 50.8% in the third quarter. Quarry LP now owns 1,819 shares of the financial services provider's stock worth $70,000 after acquiring an additional 613 shares during the last quarter. 92.65% of the stock is owned by institutional investors.

National Bank Company Profile

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.

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