National Bank Holdings Corp. (NBHC) Upgraded by Zacks Investment Research to “Hold”
Zacks Investment Research upgraded shares of National Bank Holdings Corp. (NYSE:NBHC) from a sell rating to a hold rating in a report published on Tuesday morning. Zacks Investment Research currently has $26.00 price objective on the financial services provider’s stock.
According to Zacks, “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. “
Other analysts have also recently issued research reports about the company. TheStreet raised National Bank Holdings Corp. from a hold rating to a buy rating in a report on Friday, July 22nd. Stephens raised National Bank Holdings Corp. from an equal weight rating to an overweight rating and raised their price target for the company from $21.00 to $25.00 in a report on Friday, August 12th. Finally, Hovde Group assumed coverage on National Bank Holdings Corp. in a report on Wednesday, September 7th. They issued a market perform rating and a $25.00 price target on the stock. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of Hold and an average price target of $23.17.
Shares of National Bank Holdings Corp. (NYSE:NBHC) opened at 23.41 on Tuesday. The firm’s 50-day moving average price is $23.24 and its 200 day moving average price is $21.10. National Bank Holdings Corp. has a one year low of $18.41 and a one year high of $24.14. The firm has a market cap of $670.37 million, a P/E ratio of 74.32 and a beta of 0.61.
National Bank Holdings Corp. (NYSE:NBHC) last released its quarterly earnings results on Thursday, July 21st. The financial services provider reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.18 by $0.03. National Bank Holdings Corp. had a net margin of 4.78% and a return on equity of 3.44%. Analysts predict that National Bank Holdings Corp. will post $0.60 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Friday, August 26th were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Wednesday, August 24th. This represents a $0.20 annualized dividend and a yield of 0.85%. National Bank Holdings Corp.’s payout ratio is 62.50%.
A number of institutional investors have recently bought and sold shares of NBHC. Paloma Partners Management Co bought a new position in National Bank Holdings Corp. during the second quarter valued at about $228,000. Numeric Investors LLC bought a new position in National Bank Holdings Corp. during the second quarter valued at about $246,000. Menta Capital LLC bought a new position in National Bank Holdings Corp. during the first quarter valued at about $271,000. A.R.T. Advisors LLC bought a new position in National Bank Holdings Corp. during the second quarter valued at about $299,000. Finally, Capital Fund Management S.A. bought a new position in National Bank Holdings Corp. during the second quarter valued at about $303,000.
National Bank Holdings Corp. Company Profile
National Bank Holdings Corporation (NBH) is a bank holding company. Through Bank Midwest, N.A. (Bank Midwest), NBH’s primary business is to offer a range of products and financial services to both its commercial and consumer customers, located in Kansas, Missouri and Colorado. The Company offers an array of lending products to cater to the customers’ needs, including, but not limited to, small business loans, equipment loans, term loans, asset-backed loans, letters of credit, commercial lines of credit, residential mortgage loans, home equity and consumer loans.
Receive News & Stock Ratings for National Bank Holdings Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for National Bank Holdings Corp. and related stocks with our FREE daily email newsletter.