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

National Bank Holdings Corporation (NYSE:NBHC) has been given a consensus recommendation of “Moderate Buy” by the seven brokerages that are presently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $46.20.

NBHC has been the subject of several analyst reports. Piper Sandler boosted their target price on National Bank from $48.00 to $52.00 and gave the stock an “overweight” rating in a research report on Monday, April 27th. Wall Street Zen upgraded National Bank from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. DA Davidson restated a “buy” rating and set a $46.00 target price on shares of National Bank in a research report on Wednesday, April 22nd. Finally, Weiss Ratings upgraded National Bank from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday.

Hedge Funds Weigh In On National Bank

Institutional investors have recently modified their holdings of the stock. Aster Capital Management DIFC Ltd lifted its holdings in shares of National Bank by 650.9% during the 3rd quarter. Aster Capital Management DIFC Ltd now owns 796 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 690 shares in the last quarter. Meeder Asset Management Inc. bought a new position in shares of National Bank during the 4th quarter valued at about $48,000. Global Retirement Partners LLC bought a new position in shares of National Bank during the 4th quarter valued at about $66,000. Quarry LP lifted its holdings in shares of National Bank by 50.8% during the 3rd quarter. Quarry LP now owns 1,819 shares of the financial services provider’s stock valued at $70,000 after purchasing an additional 613 shares in the last quarter. Finally, State of Wyoming bought a new position in shares of National Bank during the 4th quarter valued at about $69,000. 92.65% of the stock is currently owned by institutional investors and hedge funds.

National Bank Price Performance

National Bank stock opened at $42.00 on Tuesday. The firm has a market capitalization of $1.88 billion, a P/E ratio of 15.67 and a beta of 0.80. National Bank has a 1 year low of $35.06 and a 1 year high of $43.86. The business has a 50-day moving average of $40.81 and a 200-day moving average of $39.85. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.12.

National Bank (NYSE:NBHC) last posted its earnings results on Tuesday, April 21st. The financial services provider reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.07. The company had revenue of $126.78 million during the quarter, compared to analyst estimates of $129.30 million. National Bank had a return on equity of 8.72% and a net margin of 17.14%.The company’s revenue for the quarter was up 37.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.63 EPS. On average, equities analysts anticipate that National Bank will post 3.51 EPS for the current year.

National Bank Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, May 29th will be given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 3.0%. The ex-dividend date is Friday, May 29th. National Bank’s payout ratio is presently 47.76%.

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.