National Bank (NYSE:NBHC) Stock Passes Above Two Hundred Day Moving Average - Time to Sell?

Key Points

• National Bank’s shares briefly moved above their 200-day moving average of $42.01, trading as high as $42.14 before closing around $41.74.
• Analyst sentiment remains positive but has softened, with four Buy and three Hold ratings, a “Moderate Buy” consensus, and an average price target of $46.80.
• The company missed quarterly earnings and revenue estimates, but revenue rose 23.4% year over year. National Bank also declared a $0.32 quarterly dividend, representing a 3.1% yield.

National Bank Holdings Corporation (NYSE:NBHC - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $42.01 and traded as high as $42.14. National Bank shares last traded at $41.7390, with a volume of 385,945 shares trading hands.

Analyst Upgrades and Downgrades

Several brokerages recently commented on NBHC. Weiss Ratings lowered shares of National Bank from a "buy (b)" rating to a "buy (b-)" rating in a report on Tuesday, August 11th. Piper Sandler decreased their price objective on shares of National Bank from $52.00 to $51.00 and set an "overweight" rating on the stock in a report on Monday, July 27th. Finally, Stephens lowered shares of National Bank from an "overweight" rating to an "equal weight" rating and set a $46.00 target price on the stock. in a research report on Thursday, August 6th. Four analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, National Bank currently has an average rating of "Moderate Buy" and a consensus target price of $46.80.

National Bank Price Performance

The company has a debt-to-equity ratio of 0.20, a current ratio of 0.97 and a quick ratio of 0.96. The stock has a market capitalization of $1.86 billion, a price-to-earnings ratio of 17.54 and a beta of 0.77. The stock has a 50 day moving average price of $42.95 and a 200-day moving average price of $42.01.

National Bank (NYSE:NBHC - Get Free Report) last announced its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $0.78 earnings per share for the quarter, missing analysts' consensus estimates of $0.81 by ($0.03). National Bank had a net margin of 15.11% and a return on equity of 8.35%. The firm had revenue of $129.94 million during the quarter, compared to analysts' expectations of $135.08 million. During the same quarter in the previous year, the business posted $0.88 EPS. The company's revenue for the quarter was up 23.4% on a year-over-year basis. On average, analysts forecast that National Bank Holdings Corporation will post 3.35 earnings per share for the current year.

National Bank Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Friday, August 28th will be paid a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend is Friday, August 28th. National Bank's dividend payout ratio (DPR) is currently 53.78%.

Hedge Funds Weigh In On National Bank

A number of institutional investors and hedge funds have recently bought and sold shares of NBHC. California State Teachers Retirement System increased its stake in shares of National Bank by 4,242.5% in the 2nd quarter. California State Teachers Retirement System now owns 2,139,793 shares of the financial services provider's stock worth $95,071,000 after acquiring an additional 2,090,517 shares during the last quarter. North Reef Capital Management LP acquired a new position in shares of National Bank during the 1st quarter valued at about $12,545,000. Endeavour Capital Advisors Inc. purchased a new stake in shares of National Bank in the fourth quarter valued at about $6,659,000. Hsbc Holdings PLC grew its holdings in shares of National Bank by 1,188.0% in the fourth quarter. Hsbc Holdings PLC now owns 186,020 shares of the financial services provider's stock valued at $7,071,000 after purchasing an additional 171,578 shares during the period. Finally, Kennedy Capital Management LLC increased its position in National Bank by 39.0% during the fourth quarter. Kennedy Capital Management LLC now owns 505,333 shares of the financial services provider's stock worth $19,208,000 after purchasing an additional 141,726 shares during the last quarter. 92.65% of the stock is currently owned by institutional investors and hedge funds.

National Bank Company Profile

National Bank Holdings Corporation NYSE: NBHC is a bank holding company headquartered in Greenwood Village, Colorado. Through its principal subsidiary, NBH Bank, the company provides community banking services to businesses, individuals and organizations.

NBH Bank offers commercial and small-business lending, personal and business deposit accounts, mortgage and consumer loans, treasury management, digital banking and wealth management services. Its products are designed to support commercial clients, professionals, entrepreneurs and retail customers.

The company serves customers through a network of banking locations and digital channels in several markets across the central and western United States, including Colorado, Kansas, Missouri, New Mexico, Texas and Wyoming.

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