National Bank Holdings Corporation (NYSE:NBHC) Given Average Rating of “Moderate Buy” by Analysts

Shares of National Bank Holdings Corporation (NYSE:NBHC) have been given a consensus rating of “Moderate Buy” by the six research firms that are covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $44.75.

NBHC has been the subject of a number of analyst reports. Zacks Research upgraded National Bank from a “strong sell” rating to a “hold” rating in a research report on Monday, December 22nd. DA Davidson restated a “buy” rating and set a $46.00 price objective on shares of National Bank in a research note on Wednesday, January 28th. Stephens raised shares of National Bank from an “equal weight” rating to an “overweight” rating and set a $42.00 price objective for the company in a report on Monday, November 10th. Weiss Ratings reissued a “hold (c)” rating on shares of National Bank in a research note on Thursday, January 22nd. Finally, Wall Street Zen downgraded shares of National Bank from a “hold” rating to a “sell” rating in a research report on Saturday, January 31st.

National Bank Price Performance

NYSE NBHC opened at $41.85 on Friday. The company has a 50-day moving average price of $40.04 and a two-hundred day moving average price of $38.54. National Bank has a 52 week low of $32.83 and a 52 week high of $43.53. The stock has a market cap of $1.58 billion, a price-to-earnings ratio of 14.68 and a beta of 0.81. The company has a current ratio of 0.94, a quick ratio of 0.93 and a debt-to-equity ratio of 0.04.

National Bank (NYSE:NBHC) last released its quarterly earnings results on Tuesday, January 27th. The financial services provider reported $0.60 earnings per share for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.27). National Bank had a net margin of 18.66% and a return on equity of 8.65%. The business had revenue of $100.64 million for the quarter, compared to the consensus estimate of $107.48 million. During the same period last year, the firm posted $0.86 EPS. Analysts forecast that National Bank will post 3.31 EPS for the current year.

National Bank Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 27th will be issued a dividend of $0.32 per share. The ex-dividend date of this dividend is Friday, February 27th. This is a positive change from National Bank’s previous quarterly dividend of $0.31. This represents a $1.28 annualized dividend and a yield of 3.1%. National Bank’s dividend payout ratio is presently 43.51%.

Insiders Place Their Bets

In other news, insider John Steinmetz purchased 24,200 shares of the stock in a transaction dated Wednesday, February 11th. The shares were bought at an average cost of $41.41 per share, for a total transaction of $1,002,122.00. Following the transaction, the insider owned 536,504 shares in the company, valued at $22,216,630.64. This trade represents a 4.72% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.90% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in National Bank by 0.4% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 60,668 shares of the financial services provider’s stock valued at $2,306,000 after acquiring an additional 252 shares during the last quarter. Harbor Capital Advisors Inc. lifted its stake in National Bank by 2.0% during the third quarter. Harbor Capital Advisors Inc. now owns 14,842 shares of the financial services provider’s stock valued at $573,000 after purchasing an additional 291 shares during the last quarter. Johnson Investment Counsel Inc. grew its position in National Bank by 5.7% in the third quarter. Johnson Investment Counsel Inc. now owns 6,592 shares of the financial services provider’s stock worth $255,000 after buying an additional 353 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of National Bank by 6.3% in the second quarter. Envestnet Asset Management Inc. now owns 5,955 shares of the financial services provider’s stock valued at $224,000 after buying an additional 355 shares in the last quarter. Finally, Amalgamated Bank lifted its position in shares of National Bank by 3.3% during the 3rd quarter. Amalgamated Bank now owns 11,168 shares of the financial services provider’s stock valued at $432,000 after acquiring an additional 357 shares during the last quarter. Institutional investors own 92.65% of the company’s stock.

National Bank Company Profile

National Bank Holdings Corporation (NYSE: NBHC) is a diversified financial services holding company headquartered in Cape Girardeau, Missouri. Through its network of community bank subsidiaries, the company provides deposit, lending and payment solutions to consumer, small business and commercial clients across multiple U.S. markets.

Since its founding in 1992, National Bank Holdings has pursued a growth strategy focused on acquiring and integrating locally branded community banks. Its footprint spans the Midwest and Southern United States, including Missouri, Kansas, Oklahoma, Texas, Colorado, Illinois and Tennessee.