The stock of National Bank Holdings Corp (NYSE:NBHC) hit a new 52-week high and has $45.71 target or 68.00% above today’s $27.21 share price. The 9 months bullish chart indicates low risk for the $734.02M company. The 1-year high was reported on Nov, 21 by Barchart.com. If the $45.71 price target is reached, the company will be worth $499.13M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 45,108 shares traded hands. National Bank Holdings Corp (NYSE:NBHC) has risen 31.55% since April 19, 2016 and is uptrending. It has outperformed by 27.69% the S&P500.
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 stock has “Overweight” rating given by Stephens on Friday, August 12.
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 turned negative, 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.
Eagle Boston Mngmt Inc reported 552,412 shares or 1.53% of all its holdings. The New York-based Ny State Common Retirement Fund has invested 0% in National Bank Holdings Corp (NYSE:NBHC). Seizert Cap Prns Ltd Co owns 182,283 shares or 0.14% of their US portfolio. The Illinois-based Blair William & Il has invested 0% in National Bank Holdings Corp (NYSE:NBHC). Ameriprise Fin owns 538,234 shares or 0.01% of their US portfolio. Alliancebernstein L P has 73,238 shares for 0% of their US portfolio. Teachers has 52,336 shares for 0% of their US portfolio. Kennedy Capital Mngmt accumulated 0.37% or 894,755 shares. Schwab Charles Invest Mgmt Inc reported 123,334 shares or 0% of all its holdings. Diam Co holds 39,000 shares or 0.01% of its portfolio. Moreover, Millennium Ltd Com has 0% invested in National Bank Holdings Corp (NYSE:NBHC) for 44,902 shares. Rhumbline Advisers has invested 0% of its portfolio in National Bank Holdings Corp (NYSE:NBHC). Credit Suisse Ag last reported 0.01% of its portfolio in the stock. The Georgia-based Invesco has invested 0% in National Bank Holdings Corp (NYSE:NBHC). Envestnet Asset last reported 0% of its portfolio in the stock.
Another recent and important National Bank Holdings Corp (NYSE:NBHC) news was published by Nasdaq.com which published an article titled: “National Bank Holdings Corporation (NBHC) Ex-Dividend Date Scheduled for …” on November 21, 2016.
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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