Brokerages Set National Bank Holdings Co. (NYSE:NBHC) PT at $51.40

National Bank Holdings Co. (NYSE:NBHC) has been given a consensus rating of “Hold” by the five analysts that are presently covering the stock, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $51.40.

NBHC has been the topic of a number of recent analyst reports. StockNews.com raised shares of National Bank from a “sell” rating to a “hold” rating in a research report on Wednesday. Keefe, Bruyette & Woods increased their price objective on shares of National Bank from $47.00 to $52.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Assenagon Asset Management S.A. purchased a new position in shares of National Bank in the 4th quarter valued at $1,790,000. Systematic Financial Management LP purchased a new position in National Bank during the 3rd quarter worth $756,000. Amundi grew its position in National Bank by 197.3% during the 4th quarter. Amundi now owns 19,278 shares of the financial services provider’s stock worth $826,000 after purchasing an additional 12,793 shares during the last quarter. State Street Corp grew its position in National Bank by 7.6% during the 3rd quarter. State Street Corp now owns 1,799,224 shares of the financial services provider’s stock worth $75,747,000 after purchasing an additional 126,796 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in National Bank by 1.1% during the 3rd quarter. Geode Capital Management LLC now owns 861,483 shares of the financial services provider’s stock worth $36,276,000 after purchasing an additional 9,723 shares during the last quarter. 92.65% of the stock is owned by hedge funds and other institutional investors.

National Bank Price Performance

National Bank stock opened at $38.87 on Thursday. National Bank has a 52-week low of $32.13 and a 52-week high of $51.76. The company’s 50 day moving average is $41.90 and its two-hundred day moving average is $43.48. The company has a quick ratio of 0.94, a current ratio of 0.95 and a debt-to-equity ratio of 0.08. The firm has a market cap of $1.48 billion, a PE ratio of 12.58 and a beta of 0.86.

National Bank (NYSE:NBHC) last announced its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.79 by $0.07. National Bank had a net margin of 19.82% and a return on equity of 9.76%. On average, research analysts expect that National Bank will post 3.31 EPS for the current fiscal year.

National Bank Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were given a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.98%. The ex-dividend date was Friday, February 28th. National Bank’s dividend payout ratio (DPR) is 37.54%.

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.