Analysts Set National Bank Holdings Corporation (NYSE:NBHC) PT at $47.67

Shares of National Bank Holdings Corporation (NYSE:NBHC) have received an average recommendation of “Moderate Buy” from the five research firms that are currently covering the stock, MarketBeat reports. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $47.6667.

Several research analysts have commented on the company. Weiss Ratings downgraded National Bank from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, August 11th. Piper Sandler reduced their price target 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, Stephens lowered 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, August 6th.

National Bank Trading Down 0.6%

Shares of National Bank stock opened at $39.89 on Monday. The stock has a market cap of $1.78 billion, a PE ratio of 16.76 and a beta of 0.77. National Bank has a 52-week low of $35.06 and a 52-week high of $47.28. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.96 and a current ratio of 0.97. The firm has a 50-day moving average of $42.43 and a 200-day moving average of $42.01.

National Bank (NYSE:NBHC) last announced 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). The firm had revenue of $129.94 million for the quarter, compared to analyst estimates of $135.08 million. National Bank had a return on equity of 8.35% and a net margin of 15.11%.The company’s quarterly revenue was up 23.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.88 earnings per share. As a group, sell-side analysts forecast that National Bank will post 3.35 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 given a $0.32 dividend. The ex-dividend date was Friday, August 28th. This represents a $1.28 dividend on an annualized basis and a yield of 3.2%. National Bank’s dividend payout ratio (DPR) is currently 53.78%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of NBHC. Nykredit A S acquired a new stake in shares of National Bank during the 2nd quarter valued at $34,000. Global Retirement Partners LLC acquired a new position in National Bank in the 4th quarter worth about $66,000. Integrated Wealth Concepts LLC bought a new position in National Bank in the second quarter valued at about $90,000. Arrowstreet Capital Limited Partnership bought a new position in National Bank in the first quarter valued at about $219,000. Finally, Pictet Asset Management Holding SA acquired a new stake in shares of National Bank during the first quarter valued at about $221,000. 92.65% of the stock is currently owned by institutional investors and hedge funds.

About National Bank

National Bank Holdings Corporation (NYSE: NBHC) is a bank holding company headquartered in Greenwood Village, Colorado. Through its principal subsidiary, NBH Bank, the company provides community banking services to businesses, individuals and organizations.

NBH Bank offers commercial and small-business lending, personal and business deposit accounts, mortgage and consumer loans, treasury management, digital banking and wealth management services. Its products are designed to support commercial clients, professionals, entrepreneurs and retail customers.

The company serves customers through a network of banking locations and digital channels in several markets across the central and western United States, including Colorado, Kansas, Missouri, New Mexico, Texas and Wyoming.