Zacks Investment Research lowered shares of National Bank Holdings Corp. (NYSE:NBHC) from a buy rating to a hold rating in a research report released on Wednesday morning.

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. “

NBHC has been the subject of several other reports. Stephens upgraded National Bank Holdings Corp. from an equal weight rating to an overweight rating and lifted their price objective for the stock from $21.00 to $25.00 in a report on Friday, August 12th. TheStreet raised National Bank Holdings Corp. from a hold rating to a buy rating in a research report on Friday, July 22nd. Finally, Hovde Group started coverage on National Bank Holdings Corp. in a research report on Wednesday, September 7th. They set a market perform rating and a $25.00 price objective on the stock. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus target price of $23.17.

Analyst Recommendations for National Bank Holdings Corp. (NYSE:NBHC)

National Bank Holdings Corp. (NYSE:NBHC) opened at 23.34 on Wednesday. The firm’s 50-day moving average is $23.57 and its 200-day moving average is $21.32. National Bank Holdings Corp. has a 12-month low of $18.41 and a 12-month high of $24.14. The stock has a market capitalization of $668.36 million, a P/E ratio of 74.10 and a beta of 0.61.

National Bank Holdings Corp. (NYSE:NBHC) last issued 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 fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Friday, August 26th were paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.86%. The ex-dividend date was Wednesday, August 24th. National Bank Holdings Corp.’s dividend payout ratio (DPR) is currently 62.50%.

Large investors have recently modified their holdings of the company. Emerald Acquisition Ltd. bought a new stake in shares of National Bank Holdings Corp. during the second quarter worth $16,805,000. JPMorgan Chase & Co. raised its position in shares of National Bank Holdings Corp. by 59.2% in the second quarter. JPMorgan Chase & Co. now owns 1,047,510 shares of the financial services provider’s stock valued at $21,327,000 after buying an additional 389,671 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of National Bank Holdings Corp. by 15.2% in the second quarter. Dimensional Fund Advisors LP now owns 1,733,924 shares of the financial services provider’s stock valued at $35,302,000 after buying an additional 228,852 shares in the last quarter. APG Asset Management N.V. acquired a new position in shares of National Bank Holdings Corp. during the second quarter valued at about $4,326,000. Finally, UBS Asset Management Americas Inc. raised its position in shares of National Bank Holdings Corp. by 54.4% in the second quarter. UBS Asset Management Americas Inc. now owns 553,251 shares of the financial services provider’s stock valued at $11,264,000 after buying an additional 194,893 shares in the last quarter.

About National Bank Holdings Corp.

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.

5 Day Chart for NYSE:NBHC

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