National Bank Holdings Corp (NBHC) Receives Average Rating of “Hold” from Brokerages
Shares of National Bank Holdings Corp (NYSE:NBHC) have been given a consensus recommendation of “Hold” by the six analysts that are currently covering the stock, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $38.25.
NBHC has been the topic of a number of analyst reports. Stephens set a $41.00 price target on National Bank and gave the company a “hold” rating in a research report on Tuesday, October 23rd. Zacks Investment Research lowered National Bank from a “buy” rating to a “hold” rating in a research report on Wednesday, November 7th.
In other news, CEO G. Timothy Laney sold 15,136 shares of the business’s stock in a transaction dated Thursday, December 6th. The stock was sold at an average price of $34.87, for a total value of $527,792.32. Following the transaction, the chief executive officer now directly owns 439,044 shares of the company’s stock, valued at approximately $15,309,464.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 6.40% of the stock is owned by insiders.
Shares of NYSE NBHC traded up $0.26 during trading on Wednesday, reaching $32.91. The company had a trading volume of 435 shares, compared to its average volume of 110,092. National Bank has a 12 month low of $29.26 and a 12 month high of $41.44. The firm has a market capitalization of $1.00 billion, a PE ratio of 15.17, a price-to-earnings-growth ratio of 1.42 and a beta of 0.97. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 0.43.
National Bank (NYSE:NBHC) last released its quarterly earnings results on Thursday, January 24th. The financial services provider reported $0.55 EPS for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.01). National Bank had a net margin of 21.03% and a return on equity of 10.14%. The company had revenue of $65.95 million during the quarter, compared to the consensus estimate of $66.82 million. During the same quarter last year, the firm posted $0.36 EPS. As a group, analysts forecast that National Bank will post 2.3 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 15th. Stockholders of record on Friday, February 22nd will be paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.07%. The ex-dividend date of this dividend is Thursday, February 21st. National Bank’s dividend payout ratio is 31.48%.
About National Bank
National Bank Holdings Corporation operates as the bank holding company for NBH Bank, N.A. that provides various banking products and financial services to commercial, business, and consumer clients in the United States. The company offers deposit products, including checking accounts, savings accounts, money market accounts, and other deposit accounts, including fixed-rate and fixed maturity time deposits.
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