Zacks Investment Research cut shares of National Bank Holdings Corporation (NYSE:NBHC) from a buy rating to a hold rating in a report published on Wednesday.

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. “

A number of other analysts have also recently weighed in on the stock. DA Davidson restated a neutral rating on shares of National Bank Holdings Corporation in a research note on Friday, July 21st. BidaskClub cut shares of National Bank Holdings Corporation from a hold rating to a sell rating in a research note on Wednesday, July 19th. Piper Jaffray Companies initiated coverage on shares of National Bank Holdings Corporation in a research note on Tuesday, July 11th. They set a neutral rating and a $35.00 target price for the company. Keefe, Bruyette & Woods reiterated a buy rating and set a $35.00 target price on shares of National Bank Holdings Corporation in a research note on Monday, June 26th. Finally, Stephens set a $34.00 target price on shares of National Bank Holdings Corporation and gave the company a hold rating in a research note on Monday, June 26th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus price target of $33.67.

Shares of National Bank Holdings Corporation (NBHC) opened at 32.31 on Wednesday. National Bank Holdings Corporation has a 1-year low of $22.69 and a 1-year high of $36.04. The company’s 50-day moving average is $33.12 and its 200 day moving average is $32.46. The stock has a market cap of $865.62 million, a P/E ratio of 25.44 and a beta of 0.67.

National Bank Holdings Corporation (NYSE:NBHC) last issued its quarterly earnings data on Thursday, July 20th. The financial services provider reported $0.33 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.28 by $0.05. National Bank Holdings Corporation had a net margin of 17.64% and a return on equity of 6.60%. The business had revenue of $48.85 million during the quarter, compared to analysts’ expectations of $48.30 million. During the same period in the previous year, the company earned $0.15 earnings per share. Equities research analysts anticipate that National Bank Holdings Corporation will post $1.24 EPS for the current year.

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The business also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, August 25th will be paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 1.11%. The ex-dividend date is Wednesday, August 23rd. National Bank Holdings Corporation’s payout ratio is currently 27.91%.

A number of institutional investors have recently added to or reduced their stakes in NBHC. Teachers Advisors LLC boosted its position in National Bank Holdings Corporation by 142.7% in the fourth quarter. Teachers Advisors LLC now owns 135,224 shares of the financial services provider’s stock valued at $4,312,000 after buying an additional 79,512 shares during the last quarter. Bank of Montreal Can boosted its position in National Bank Holdings Corporation by 29.6% in the first quarter. Bank of Montreal Can now owns 3,706 shares of the financial services provider’s stock valued at $120,000 after buying an additional 846 shares during the last quarter. Louisiana State Employees Retirement System boosted its position in National Bank Holdings Corporation by 3.8% in the first quarter. Louisiana State Employees Retirement System now owns 10,800 shares of the financial services provider’s stock valued at $351,000 after buying an additional 400 shares during the last quarter. Wells Fargo & Company MN boosted its position in National Bank Holdings Corporation by 3.9% in the first quarter. Wells Fargo & Company MN now owns 56,310 shares of the financial services provider’s stock valued at $1,830,000 after buying an additional 2,134 shares during the last quarter. Finally, Great West Life Assurance Co. Can boosted its position in National Bank Holdings Corporation by 7.0% in the first quarter. Great West Life Assurance Co. Can now owns 37,745 shares of the financial services provider’s stock valued at $1,226,000 after buying an additional 2,485 shares during the last quarter. Hedge funds and other institutional investors own 94.60% of the company’s stock.

About National Bank Holdings Corporation

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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Analyst Recommendations for National Bank Holdings Corporation (NYSE:NBHC)

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