National Bank (NYSE:NBHC) Stock Passes Below 200-Day Moving Average – Time to Sell?

Shares of National Bank Holdings Corporation (NYSE:NBHC) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $38.19 and traded as low as $37.73. National Bank shares last traded at $39.0080, with a volume of 411,474 shares changing hands.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Hovde Group raised National Bank from a “market perform” rating to an “outperform” rating and set a $46.00 price objective for the company in a research report on Thursday, September 18th. Weiss Ratings reiterated a “hold (c)” rating on shares of National Bank in a report on Wednesday, October 8th. Zacks Research raised shares of National Bank from a “strong sell” rating to a “hold” rating in a research report on Monday, December 22nd. Stephens raised shares of National Bank from an “equal weight” rating to an “overweight” rating and set a $42.00 price objective for the company in a research report on Monday, November 10th. Finally, Keefe, Bruyette & Woods increased their target price on National Bank from $44.00 to $45.00 and gave the company a “market perform” rating in a report on Wednesday, September 17th. Three 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, the stock has a consensus rating of “Moderate Buy” and an average price target of $44.50.

National Bank Price Performance

The stock’s 50-day moving average is $37.79 and its 200 day moving average is $38.19. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.93 and a current ratio of 0.93. The stock has a market capitalization of $1.48 billion, a PE ratio of 12.34 and a beta of 0.81.

National Bank (NYSE:NBHC) last announced its quarterly earnings results on Thursday, August 14th. The financial services provider reported $0.63 earnings per share for the quarter. The firm had revenue of $102.07 million during the quarter. National Bank had a net margin of 20.50% and a return on equity of 9.56%. As a group, equities analysts expect that National Bank Holdings Corporation will post 3.31 earnings per share for the current year.

National Bank Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Friday, November 28th were paid a dividend of $0.31 per share. The ex-dividend date was Friday, November 28th. This represents a $1.24 dividend on an annualized basis and a yield of 3.2%. This is a boost from National Bank’s previous quarterly dividend of ($0.30). National Bank’s dividend payout ratio (DPR) is 39.24%.

Hedge Funds Weigh In On National Bank

Hedge funds have recently modified their holdings of the business. Harbor Capital Advisors Inc. raised its position in National Bank by 2.0% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 14,842 shares of the financial services provider’s stock valued at $573,000 after purchasing an additional 291 shares during the last quarter. Johnson Investment Counsel Inc. increased its stake in National Bank by 5.7% in the third quarter. Johnson Investment Counsel Inc. now owns 6,592 shares of the financial services provider’s stock valued at $255,000 after purchasing an additional 353 shares during the period. Envestnet Asset Management Inc. raised its holdings in shares of National Bank by 6.3% in the second quarter. Envestnet Asset Management Inc. now owns 5,955 shares of the financial services provider’s stock valued at $224,000 after buying an additional 355 shares during the last quarter. Amalgamated Bank boosted its stake in shares of National Bank by 3.3% during the third quarter. Amalgamated Bank now owns 11,168 shares of the financial services provider’s stock worth $432,000 after buying an additional 357 shares during the period. Finally, Illinois Municipal Retirement Fund grew its holdings in shares of National Bank by 2.2% during the third quarter. Illinois Municipal Retirement Fund now owns 20,487 shares of the financial services provider’s stock worth $792,000 after buying an additional 449 shares during the last quarter. 92.65% of the stock is currently owned by hedge funds and other institutional investors.

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.