National Bank Holdings Corporation (NYSE:NBHC) Receives $45.25 Consensus PT from Analysts

Shares of National Bank Holdings Corporation (NYSE:NBHC) have received an average rating of “Moderate Buy” from the six ratings firms that are covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $45.25.

Several brokerages recently weighed in on NBHC. Wall Street Zen cut shares of National Bank from a “hold” rating to a “sell” rating in a research note on Saturday, January 31st. Stephens raised National Bank from an “equal weight” rating to an “overweight” rating and set a $42.00 target price for the company in a research report on Monday, November 10th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of National Bank in a report on Thursday, January 22nd. DA Davidson reiterated a “buy” rating and issued a $48.00 price target on shares of National Bank in a research report on Thursday, February 19th. Finally, Zacks Research raised National Bank from a “strong sell” rating to a “hold” rating in a research note on Monday, December 22nd.

National Bank Stock Down 0.8%

Shares of NYSE NBHC opened at $39.81 on Thursday. The company has a 50 day simple moving average of $40.51 and a 200 day simple moving average of $38.96. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.94 and a quick ratio of 0.93. National Bank has a 1 year low of $32.83 and a 1 year high of $42.99. The firm has a market cap of $1.79 billion, a PE ratio of 13.97 and a beta of 0.79.

National Bank (NYSE:NBHC) last posted its 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 return on equity of 8.65% and a net margin of 18.66%.The business had revenue of $99.08 million for the quarter, compared to the consensus estimate of $107.48 million. During the same period in the previous year, the firm earned $0.86 earnings per share. On average, research analysts forecast that National Bank will post 3.31 EPS for the current year.

National Bank Increases Dividend

The business 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 $0.32 dividend. The ex-dividend date is Friday, February 27th. This is a boost from National Bank’s previous quarterly dividend of $0.31. This represents a $1.28 annualized dividend and a yield of 3.2%. National Bank’s dividend payout ratio (DPR) is currently 44.91%.

Insiders Place Their Bets

In other news, insider John Steinmetz purchased 24,200 shares of the stock in a transaction on Wednesday, February 11th. The stock was purchased at an average price of $41.41 per share, for a total transaction of $1,002,122.00. Following the acquisition, 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 filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 2.90% of the company’s stock.

Institutional Investors Weigh In On National Bank

A number of institutional investors have recently modified their holdings of the company. Hsbc Holdings PLC raised its stake in National Bank by 1,188.0% during the fourth quarter. Hsbc Holdings PLC now owns 186,020 shares of the financial services provider’s stock worth $7,071,000 after buying an additional 171,578 shares during the last quarter. Mercer Global Advisors Inc. ADV bought a new stake in National Bank during the fourth quarter valued at $326,000. Empowered Funds LLC boosted its position in National Bank by 4.4% during the fourth quarter. Empowered Funds LLC now owns 151,699 shares of the financial services provider’s stock valued at $5,766,000 after acquiring an additional 6,446 shares during the last quarter. XTX Topco Ltd acquired a new stake in National Bank during the 4th quarter worth about $910,000. Finally, Voloridge Investment Management LLC grew its holdings in National Bank by 47.5% during the 4th quarter. Voloridge Investment Management LLC now owns 96,233 shares of the financial services provider’s stock worth $3,658,000 after acquiring an additional 31,002 shares during the period. 92.65% of the stock is owned by institutional investors.

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.