The stock of National Bank Holdings Corp (NYSE:NBHC) reached all time high today, Nov, 24 and still has $29.80 target or 8.00% above today’s $27.59 share price. This indicates more upside for the $734.46M company. This technical setup was reported by Barchart.com. If the $29.80 PT is reached, the company will be worth $58.76 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. The stock increased 0.22% or $0.06 on November 23, hitting $27.59. About 122,836 shares traded hands. National Bank Holdings Corp (NYSE:NBHC) has risen 36.72% since April 22, 2016 and is uptrending. It has outperformed by 31.31% the S&P500.
Analysts await National Bank Holdings Corp (NYSE:NBHC) to report earnings on January, 26. They expect $0.23 earnings per share, up 43.75% or $0.07 from last year’s $0.16 per share. NBHC’s profit will be $6.12 million for 29.99 P/E if the $0.23 EPS becomes a reality. After $0.30 actual earnings per share reported by National Bank Holdings Corp for the previous quarter, Wall Street now forecasts -23.33% negative EPS growth.
National Bank Holdings Corp (NYSE:NBHC) Ratings Coverage
Out of 2 analysts covering National Bank Holdings Corp (NYSE:NBHC), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. National Bank Holdings Corp has been the topic of 4 analyst reports since October 26, 2015 according to StockzIntelligence Inc. Hovde Group initiated the stock with “Market Perform” rating in Wednesday, September 7 report. The rating was upgraded by Stephens on Friday, August 12 to “Overweight”.
According to Zacks Investment Research, “National Bank Holdings Corporation is a bank holding company operating full-service banking centers, with the majority of those banking centers located in Colorado and the greater Kansas City region. The Company, through its subsidiaries, provides services through community banking franchises serving the needs of retail and business customers. National Bank Holdings Corporation is based in Greenwood Village, Colorado.”
Insitutional Activity: The institutional sentiment decreased to 0.82 in 2016 Q2. Its down 0.20, from 1.02 in 2016Q1. The ratio worsened, as 10 funds sold all National Bank Holdings Corp shares owned while 37 reduced positions. 14 funds bought stakes while 34 increased positions. They now own 25.26 million shares or 3.01% less from 26.05 million shares in 2016Q1.
Morgan Stanley, a New York-based fund reported 3,787 shares. California Pub Employees Retirement owns 61,900 shares or 0% of their US portfolio. Teacher Retirement Systems Of Texas, a Texas-based fund reported 28,359 shares. Bancorporation Of America De accumulated 0% or 11,838 shares. The New York-based Teachers Advsrs has invested 0% in National Bank Holdings Corp (NYSE:NBHC). Blackrock Advsrs Ltd Company owns 14,005 shares or 0% of their US portfolio. Kanaly Trust last reported 0% of its portfolio in the stock. The California-based Schwab Charles Investment Mgmt Incorporated has invested 0% in National Bank Holdings Corp (NYSE:NBHC). Segall Bryant & Hamill Lc has 157,990 shares for 0.08% of their US portfolio. Deutsche Savings Bank Ag has 0% invested in the company for 59,460 shares. The Virginia-based Fj Management Limited Liability Com has invested 2.64% in National Bank Holdings Corp (NYSE:NBHC). Blair William Il reported 12,500 shares or 0% of all its holdings. Ladenburg Thalmann Fincl Services has invested 0% of its portfolio in National Bank Holdings Corp (NYSE:NBHC). Jacobs Levy Equity Mngmt has 115,376 shares for 0.05% of their US portfolio. Renaissance Technologies Lc owns 1.04M shares or 0.04% of their US portfolio.
Insider Transactions: Since November 22, 2016, the stock had 0 insider purchases, and 2 insider sales for $958,623 net activity. On Tuesday, November 22 LANEY G. TIMOTHY sold $823,623 worth of the stock or 30,000 shares. 5,000 shares with value of $135,000 were sold by Warren Burney S. III on Tuesday, November 22.
NBHC Company Profile
National Bank Holdings Corporation (NBHC), incorporated on June 16, 2009, is a bank holding company. The Company’s primary activities are conducted through its subsidiary, NBH Bank (the Bank), through which it provides a range of banking products to both commercial and consumer clients. The Firm services its clients through a network of approximately 100 banking centers, and through online and mobile banking products. The Firm operates under various brand names, such as Community Banks of Colorado in Colorado; Bank Midwest in Kansas and Missouri, and Hillcrest Bank in Texas. In addition to traditional banking activities, it provides an array of treasury management solutions to its clients, including online and mobile banking, wire transfers, automated clearing house services, electronic bill payment, lock box services, remote deposit capture services, merchant processing services, cash vault, controlled disbursements, positive pay and other auxiliary services (including account reconciliation, collections, repurchase accounts, zero balance accounts and sweep accounts).
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