National Bank Holdings Co. (NYSE:NBHC) Receives $38.63 Average PT from Analysts

National Bank Holdings Co. (NYSE:NBHC) has received a consensus recommendation of “Moderate Buy” from the four research firms that are presently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1 year target price among brokers that have covered the stock in the last year is $38.63.

Several research firms have recently commented on NBHC. Hovde Group decreased their target price on National Bank from $45.00 to $40.50 and set an “outperform” rating on the stock in a research report on Monday, April 29th. StockNews.com downgraded shares of National Bank from a “hold” rating to a “sell” rating in a research note on Sunday, April 28th. TheStreet downgraded shares of National Bank from a “b” rating to a “c+” rating in a report on Monday, March 18th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $39.00 target price (down from $40.00) on shares of National Bank in a report on Friday, April 26th. Finally, Piper Sandler boosted their price target on National Bank from $40.00 to $41.00 and gave the company an “overweight” rating in a research note on Thursday, January 25th.

National Bank Stock Up 1.0 %

National Bank stock opened at $34.76 on Monday. National Bank has a fifty-two week low of $26.48 and a fifty-two week high of $38.71. The firm has a market capitalization of $1.31 billion, a PE ratio of 9.99 and a beta of 0.84. The company’s 50-day moving average is $34.15 and its 200-day moving average is $34.25. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.91 and a quick ratio of 0.91.

National Bank (NYSE:NBHC) last posted its earnings results on Wednesday, April 24th. The financial services provider reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.03. The business had revenue of $149.43 million for the quarter, compared to analyst estimates of $101.98 million. National Bank had a return on equity of 11.20% and a net margin of 22.94%. During the same period in the previous year, the firm earned $1.06 EPS. Sell-side analysts anticipate that National Bank will post 3.13 earnings per share for the current year.

National Bank Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 3.22%. The ex-dividend date is Friday, May 31st. This is an increase from National Bank’s previous quarterly dividend of $0.27. National Bank’s dividend payout ratio is 31.03%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Quantbot Technologies LP grew its position in National Bank by 2,352.0% in the third quarter. Quantbot Technologies LP now owns 4,904 shares of the financial services provider’s stock valued at $146,000 after acquiring an additional 4,704 shares during the last quarter. Quest Partners LLC bought a new position in National Bank in the 4th quarter valued at approximately $194,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in National Bank by 45.5% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,857 shares of the financial services provider’s stock valued at $204,000 after buying an additional 2,145 shares in the last quarter. Everence Capital Management Inc. acquired a new stake in National Bank in the fourth quarter valued at approximately $244,000. Finally, Mutual of America Capital Management LLC bought a new stake in shares of National Bank during the fourth quarter worth $246,000. 92.65% of the stock is currently owned by institutional investors and hedge funds.

About National Bank

National Bank Holdings Corporation operates as the bank holding company for NBH Bank that provides various banking products and financial services to commercial, business, and consumer clients in the United States. It offers deposit products, including checking, savings, money market, and other deposit accounts, including fixed-rate and fixed maturity time deposits.