Brokerages Set National Bank Holdings Corporation (NYSE:NBHC) PT at $46.80

National Bank Holdings Corporation (NYSE:NBHC) has been assigned an average recommendation of “Moderate Buy” from the seven brokerages that are currently covering the company, MarketBeat.com reports. Three analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $46.80.

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

Institutional Investors Weigh In On National Bank

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

National Bank Stock Up 0.1%

Shares of NYSE:NBHC opened at $41.24 on Thursday. The company has a market capitalization of $1.84 billion, a price-to-earnings ratio of 17.33 and a beta of 0.79. National Bank has a 12-month low of $35.06 and a 12-month high of $47.28. The business has a 50-day moving average price of $43.56 and a 200 day moving average price of $41.99. The company has a current ratio of 0.97, a quick ratio of 0.96 and a debt-to-equity ratio of 0.20.

National Bank (NYSE:NBHC) last posted its earnings results on Tuesday, July 21st. The financial services provider reported $0.78 EPS for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.03). The company had revenue of $129.94 million during the quarter, compared to analyst estimates of $135.08 million. National Bank had a net margin of 15.11% and a return on equity of 8.35%. The company’s quarterly revenue was up 23.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.88 EPS. Sell-side analysts expect that National Bank will post 3.35 EPS for the current year.

National Bank Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Friday, August 28th will be given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 3.1%. The ex-dividend date is Friday, August 28th. National Bank’s dividend payout ratio (DPR) is currently 53.78%.

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.