National Bank Holdings Corporation (NYSE:NBHC) Receives $46.80 Average PT from Analysts

Shares of National Bank Holdings Corporation (NYSE:NBHC) have been given an average recommendation of “Moderate Buy” by the seven brokerages that are covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $46.80.

NBHC has been the topic of a number of research analyst reports. 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 report on Thursday. DA Davidson restated a “buy” rating and set a $46.00 price objective on shares of National Bank in a report on Wednesday, April 22nd. Weiss Ratings raised shares of National Bank from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, June 24th. Piper Sandler dropped their target price on shares of National Bank from $52.00 to $51.00 and set an “overweight” rating on the stock in a research note on Monday, July 27th. Finally, Wall Street Zen raised shares of National Bank from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th.

National Bank Stock Performance

Shares of NBHC opened at $42.70 on Friday. The stock has a 50 day moving average of $43.58 and a 200 day moving average of $41.84. The company has a market capitalization of $1.91 billion, a price-to-earnings ratio of 17.94 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 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 quarterly earnings data on Tuesday, July 21st. The financial services provider reported $0.78 earnings per share for the quarter, missing the consensus estimate of $0.81 by ($0.03). The business had revenue of $129.94 million during the quarter, compared to analysts’ expectations of $135.08 million. National Bank had a return on equity of 8.35% and a net margin of 15.11%.The firm’s revenue for the quarter was up 23.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.88 EPS. As a group, sell-side analysts forecast that National Bank will post 3.35 earnings per share for the current year.

National Bank Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Friday, August 28th will be paid a $0.32 dividend. The ex-dividend date is Friday, August 28th. This represents a $1.28 annualized dividend and a yield of 3.0%. National Bank’s dividend payout ratio is presently 53.78%.

Institutional Trading of National Bank

A number of large investors have recently bought and sold shares of NBHC. Meeder Asset Management Inc. bought a new stake in shares of National Bank in the fourth quarter valued at $48,000. Global Retirement Partners LLC purchased a new stake in National Bank in the 4th quarter worth about $66,000. Quarry LP increased its holdings in National Bank by 50.8% in the 3rd quarter. Quarry LP now owns 1,819 shares of the financial services provider’s stock worth $70,000 after acquiring an additional 613 shares during the last quarter. State of Wyoming bought a new stake in National Bank in the 4th quarter valued at about $69,000. Finally, Nisa Investment Advisors LLC raised its stake in National Bank by 17.9% in the 4th quarter. Nisa Investment Advisors LLC now owns 3,283 shares of the financial services provider’s stock valued at $125,000 after acquiring an additional 499 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 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.