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

National Bank Holdings Corporation (NYSE:NBHC) has earned a consensus recommendation of “Moderate Buy” from the seven ratings firms that are presently covering the firm, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $46.80.

NBHC has been the topic of a number of analyst reports. Wall Street Zen upgraded National Bank from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Stephens lowered National Bank from an “overweight” rating to an “equal weight” rating and set a $46.00 price objective on the stock. in a research note on Thursday, August 6th. Piper Sandler reduced their target price on National Bank from $52.00 to $51.00 and set an “overweight” rating on the stock in a report on Monday, July 27th. Finally, Weiss Ratings downgraded shares of National Bank from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, August 11th.

National Bank Trading Down 0.2%

NBHC opened at $41.13 on Thursday. National Bank has a fifty-two week low of $35.06 and a fifty-two week high of $47.28. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.97 and a quick ratio of 0.96. The firm has a market capitalization of $1.83 billion, a price-to-earnings ratio of 17.28 and a beta of 0.79. The company’s 50 day moving average price is $43.52 and its two-hundred day moving average price is $41.99.

National Bank (NYSE:NBHC) last released its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.81 by ($0.03). The business had revenue of $129.94 million for the quarter, compared to the consensus estimate of $135.08 million. National Bank had a net margin of 15.11% and a return on equity of 8.35%. National Bank’s revenue was up 23.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.88 EPS. As a group, research analysts predict that National Bank will post 3.35 earnings per share for the current year.

National Bank Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Friday, August 28th will be issued a $0.32 dividend. The ex-dividend date is Friday, August 28th. This represents a $1.28 annualized dividend and a yield of 3.1%. National Bank’s payout ratio is presently 53.78%.

Institutional Investors Weigh In On National Bank

Several institutional investors and hedge funds have recently made changes to their positions in NBHC. California State Teachers Retirement System lifted its stake in National Bank by 4,242.5% in the second quarter. California State Teachers Retirement System now owns 2,139,793 shares of the financial services provider’s stock valued at $95,071,000 after buying an additional 2,090,517 shares during the period. Dimensional Fund Advisors LP grew its position in shares of National Bank by 2.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,100,944 shares of the financial services provider’s stock worth $82,271,000 after buying an additional 40,669 shares during the period. State Street Corp grew its position in shares of National Bank by 2.6% during the 4th quarter. State Street Corp now owns 1,888,885 shares of the financial services provider’s stock worth $71,797,000 after buying an additional 47,991 shares during the period. Leeward Investments LLC MA increased its stake in shares of National Bank by 20.9% in the 4th quarter. Leeward Investments LLC MA now owns 534,211 shares of the financial services provider’s stock valued at $20,305,000 after acquiring an additional 92,489 shares in the last quarter. Finally, Kennedy Capital Management LLC increased its stake in shares of National Bank by 39.0% in the 4th quarter. Kennedy Capital Management LLC now owns 505,333 shares of the financial services provider’s stock valued at $19,208,000 after acquiring an additional 141,726 shares in the last quarter. Institutional investors own 92.65% of the company’s stock.

About National Bank

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.