National Bank Holdings Corporation’s (NBHC) “Buy” Rating Reaffirmed at Keefe, Bruyette & Woods
Keefe, Bruyette & Woods reaffirmed their buy rating on shares of National Bank Holdings Corporation (NYSE:NBHC) in a research report report published on Wednesday morning. The brokerage currently has a $35.00 price objective on the financial services provider’s stock.
Several other brokerages have also recently commented on NBHC. BidaskClub raised National Bank Holdings Corporation from a hold rating to a buy rating in a report on Friday, September 29th. Piper Jaffray Companies initiated coverage on National Bank Holdings Corporation in a report on Tuesday, July 11th. They set a neutral rating and a $35.00 target price on the stock. DA Davidson reaffirmed a neutral rating on shares of National Bank Holdings Corporation in a report on Friday, July 21st. Zacks Investment Research cut National Bank Holdings Corporation from a buy rating to a hold rating in a report on Wednesday, August 30th. Finally, Stephens set a $34.00 price target on National Bank Holdings Corporation and gave the company a hold rating in a report on Monday, June 26th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus target price of $35.00.
Shares of National Bank Holdings Corporation (NYSE NBHC) traded up 1.05% during trading on Wednesday, hitting $36.57. The stock had a trading volume of 38,455 shares. The firm’s 50-day moving average is $32.95 and its 200-day moving average is $32.52. National Bank Holdings Corporation has a one year low of $22.69 and a one year high of $36.61. The firm has a market cap of $979.75 million, a P/E ratio of 28.80 and a beta of 0.69.
National Bank Holdings Corporation (NYSE:NBHC) last announced its earnings results on Thursday, July 20th. The financial services provider reported $0.33 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.28 by $0.05. National Bank Holdings Corporation had a return on equity of 6.60% and a net margin of 17.64%. The firm had revenue of $48.85 million for the quarter, compared to analysts’ expectations of $48.30 million. During the same quarter in the previous year, the company earned $0.15 earnings per share. Equities research analysts forecast that National Bank Holdings Corporation will post $1.23 EPS for the current year.
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The business also recently declared a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, August 25th were issued a $0.09 dividend. The ex-dividend date was Wednesday, August 23rd. This represents a $0.36 annualized dividend and a dividend yield of 0.99%. National Bank Holdings Corporation’s dividend payout ratio is currently 27.91%.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Bank of Montreal Can increased its holdings in shares of 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 in the last quarter. First Manhattan Co. bought a new position in shares of National Bank Holdings Corporation in the second quarter valued at $163,000. State of Alaska Department of Revenue increased its holdings in shares of National Bank Holdings Corporation by 79.3% in the second quarter. State of Alaska Department of Revenue now owns 5,270 shares of the financial services provider’s stock valued at $174,000 after buying an additional 2,330 shares in the last quarter. Victory Capital Management Inc. bought a new position in shares of National Bank Holdings Corporation in the first quarter valued at $179,000. Finally, Cubist Systematic Strategies LLC bought a new position in shares of National Bank Holdings Corporation in the second quarter valued at $201,000. 94.60% of the stock is currently owned by institutional investors.
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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