Brokerages Set National Bank Holdings Corp. (NBHC) Target Price at $23.33
National Bank Holdings Corp. (NYSE:NBHC) has been given an average rating of “Buy” by the seven brokerages that are currently covering the firm. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $23.33.
Several research analysts recently commented on NBHC shares. Hovde Group started coverage on shares of National Bank Holdings Corp. in a report on Wednesday, September 7th. They issued a “market perform” rating and a $25.00 target price on the stock. Zacks Investment Research upgraded shares of National Bank Holdings Corp. from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a report on Wednesday, October 26th. Finally, Stephens upgraded shares of National Bank Holdings Corp. from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $21.00 to $25.00 in a report on Friday, August 12th.
In other National Bank Holdings Corp. news, CEO G. Timothy Laney sold 30,000 shares of the firm’s stock in a transaction on Tuesday, November 22nd. The shares were sold at an average price of $27.45, for a total value of $823,500.00. Following the sale, the chief executive officer now directly owns 756,314 shares in the company, valued at approximately $20,760,819.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Burney S. Warren III sold 5,000 shares of the firm’s stock in a transaction on Tuesday, November 22nd. The stock was sold at an average price of $27.00, for a total transaction of $135,000.00. Following the completion of the sale, the director now owns 19,416 shares in the company, valued at $524,232. The disclosure for this sale can be found here. 9.90% of the stock is currently owned by company insiders.
A number of hedge funds have recently bought and sold shares of the company. Sei Investments Co. raised its stake in National Bank Holdings Corp. by 32.2% in the third quarter. Sei Investments Co. now owns 4,839 shares of the financial services provider’s stock valued at $113,000 after buying an additional 1,179 shares in the last quarter. Morgan Stanley raised its stake in shares of National Bank Holdings Corp. by 115.4% in the third quarter. Morgan Stanley now owns 8,156 shares of the financial services provider’s stock valued at $190,000 after buying an additional 4,369 shares during the period. Weiss Asset Management LP acquired a new stake in shares of National Bank Holdings Corp. during the third quarter valued at $218,000. American Financial Group Inc. acquired a new stake in shares of National Bank Holdings Corp. during the third quarter valued at $221,000. Finally, Cullen Capital Management LLC acquired a new stake in shares of National Bank Holdings Corp. during the third quarter valued at $227,000.
Shares of National Bank Holdings Corp. (NYSE:NBHC) opened at 27.17 on Wednesday. National Bank Holdings Corp. has a 1-year low of $18.41 and a 1-year high of $27.76. The company’s 50-day moving average is $24.69 and its 200 day moving average is $22.37. The firm has a market cap of $705.41 million, a price-to-earnings ratio of 48.78 and a beta of 0.58.
National Bank Holdings Corp. (NYSE:NBHC) last released its quarterly earnings results on Thursday, October 20th. The financial services provider reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.09. The business had revenue of $40.76 million for the quarter, compared to the consensus estimate of $45.60 million. National Bank Holdings Corp. had a net margin of 7.82% and a return on equity of 4.03%. National Bank Holdings Corp.’s revenue for the quarter was down 3.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.05 EPS. On average, equities research analysts expect that National Bank Holdings Corp. will post $0.67 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Friday, November 25th will be given a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 1.03%. This is a positive change from National Bank Holdings Corp.’s previous quarterly dividend of $0.05. The ex-dividend date is Tuesday, November 22nd. National Bank Holdings Corp.’s dividend payout ratio (DPR) is currently 49.12%.
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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.
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