Price Don’t Lie: Is Buying 52-Week Stock Like National Bank Holdings Corp a Winning Strategy?

Price Don't Lie: Is Buying 52 Week Stock Like National Bank Holdings Corp a Winning Strategy?

The stock of National Bank Holdings Corp (NYSE:NBHC) hit a new 52-week high and has $29.23 target or 5.00% above today’s $27.84 share price. The 5 months bullish chart indicates low risk for the $737.12M company. The 1-year high was reported on Dec, 1 by Barchart.com. If the $29.23 price target is reached, the company will be worth $36.86 million 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 79,550 shares traded hands. National Bank Holdings Corp (NYSE:NBHC) has risen 36.27% since April 28, 2016 and is uptrending. It has outperformed by 30.35% the S&P500.

Analysts await National Bank Holdings Corp (NYSE:NBHC) to report earnings on January, 26. They expect $0.23 EPS, up 43.75% or $0.07 from last year’s $0.16 per share. NBHC’s profit will be $6.09 million for 30.28 P/E if the $0.23 EPS becomes a reality. After $0.30 actual EPS 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. The company was upgraded on Friday, August 12 by Stephens. Hovde Group initiated National Bank Holdings Corp (NYSE:NBHC) on Wednesday, September 7 with “Market Perform” rating.

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 Q2 2016. Its down 0.20, from 1.02 in 2016Q1. The ratio fall, 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.
Schafer Cullen Capital Inc holds 21,434 shares or 0.01% of its portfolio. Legal General Group Inc Public Ltd Company last reported 0% of its portfolio in the stock. State Board Of Administration Of Florida Retirement reported 19,919 shares or 0% of all its holdings. Moreover, Ameriprise Financial Inc has 0.01% invested in National Bank Holdings Corp (NYSE:NBHC) for 538,234 shares. Apg Asset Management Nv accumulated 212,478 shares or 0.01% of the stock. Grp Inc Inc holds 0% of its portfolio in National Bank Holdings Corp (NYSE:NBHC) for 15,082 shares. Advisors Asset Management accumulated 18,962 shares or 0.01% of the stock. Blackrock Fund Advsr accumulated 0% or 620,820 shares. D E Shaw &, a New York-based fund reported 70,205 shares. Rhumbline Advisers holds 0% or 33,997 shares in its portfolio. Aristotle Capital Boston Limited Liability Com holds 365,901 shares or 1.67% of its portfolio. Millennium Mgmt Ltd Liability Com accumulated 0% or 44,902 shares. Blackrock Advisors Limited has invested 0% of its portfolio in National Bank Holdings Corp (NYSE:NBHC). Schwab Charles Management Incorporated, a California-based fund reported 123,334 shares. Deprince Race Zollo Inc owns 1.52M shares or 0.63% of their US portfolio.

Insider Transactions: Since November 22, 2016, the stock had 0 insider buys, and 3 sales for $1.45 million net activity. Warren Burney S. III also sold $135,000 worth of National Bank Holdings Corp (NYSE:NBHC) shares. 30,000 shares were sold by LANEY G. TIMOTHY, worth $823,623. 17,990 shares were sold by LILLY BRIAN F, worth $491,420 on Wednesday, November 23.

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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