National Bank Holdings Corporation (NYSE:NBHC) Stock Has Average Target Price of $44.67 According to Analysts

National Bank Holdings Corporation (NYSE:NBHC) has received an average recommendation of “Hold” from the five brokerages that are currently covering the company, MarketBeat.com reports. Three analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $44.67.

A number of research analysts have recently commented on NBHC shares. DA Davidson cut their price target on shares of National Bank from $45.00 to $43.00 and set a “buy” rating on the stock in a report on Monday, October 5th. Stephens lowered shares of National Bank from an “overweight” rating to an “equal weight” rating and set a $46.00 price target for the company. in a report on Thursday, August 6th. Piper Sandler lowered their price target on shares of National Bank from $49.00 to $45.00 and set an “overweight” rating for the company in a research report on Thursday, October 15th. Zacks Research upgraded National Bank from a “strong sell” rating to a “hold” rating in a report on Monday, October 5th. Finally, Weiss Ratings lowered National Bank from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday.

National Bank Price Performance

Shares of National Bank stock opened at $38.94 on Friday. The stock has a 50 day moving average price of $40.23 and a 200-day moving average price of $41.95. The stock has a market cap of $1.73 billion, a price-to-earnings ratio of 12.43 and a beta of 0.84. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.96 and a current ratio of 0.97. National Bank has a one year low of $35.06 and a one year high of $47.28.

National Bank (NYSE:NBHC) last posted its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.03). National Bank had a net margin of 15.11% and a return on equity of 8.35%. The business had revenue of $129.94 million for the quarter, compared to analysts’ expectations of $135.08 million. During the same quarter in the previous year, the firm earned $0.88 EPS. National Bank’s revenue was up 23.4% compared to the same quarter last year. Equities analysts expect that National Bank will post 2.80 EPS for the current year.

National Bank Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Friday, August 28th were paid a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 3.3%. The ex-dividend date was Friday, August 28th. National Bank’s payout ratio is 53.78%.

Institutional Trading of National Bank

Hedge funds have recently modified their holdings of the company. North Reef Capital Management LP purchased a new position in National Bank in the first quarter worth $12,545,000. Hsbc Holdings PLC raised its stake in National Bank by 1,188.0% in the 4th quarter. Hsbc Holdings PLC now owns 186,020 shares of the financial services provider’s stock worth $7,071,000 after acquiring an additional 171,578 shares during the last quarter. Empowered Funds LLC raised its stake in National Bank by 30.9% in the 1st quarter. Empowered Funds LLC now owns 198,568 shares of the financial services provider’s stock worth $7,776,000 after acquiring an additional 46,869 shares during the last quarter. Bessemer Group Inc. lifted its position in National Bank by 42.6% during the 1st quarter. Bessemer Group Inc. now owns 144,522 shares of the financial services provider’s stock worth $5,660,000 after acquiring an additional 43,200 shares during the period. Finally, Bank of America Corp DE lifted its position in National Bank by 45.8% during the 1st quarter. Bank of America Corp DE now owns 135,454 shares of the financial services provider’s stock worth $5,304,000 after acquiring an additional 42,572 shares during the period. 92.65% of the stock is owned by hedge funds and other institutional investors.

About National Bank

National Bank Holdings Corporation (NYSE: NBHC) is a bank holding company that operates through its principal subsidiary, NBH Bank. The company provides community banking services to businesses, individuals and institutions, with a focus on relationship-based banking and local market expertise.

NBH Bank offers a range of financial products and services, including commercial and small-business loans, consumer lending, residential real estate financing, business and personal deposit accounts, treasury management, online and mobile banking, and wealth management services.