Analysts Set National Bank Holdings Corporation (NYSE:NBHC) Price Target at $46.00

Shares of National Bank Holdings Corporation (NYSE:NBHC) have earned a consensus rating of “Hold” from the five research firms that are presently covering the company, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $46.00.

NBHC has been the subject of several research analyst reports. Wall Street Zen downgraded National Bank from a “hold” rating to a “sell” rating in a report on Friday, May 2nd. Hovde Group dropped their price target on shares of National Bank from $43.00 to $39.00 and set a “market perform” rating on the stock in a report on Thursday, April 24th. Finally, DA Davidson reduced their price target on shares of National Bank from $46.00 to $42.00 and set a “buy” rating for the company in a research note on Wednesday, April 23rd.

National Bank Price Performance

Shares of NBHC opened at $37.62 on Friday. National Bank has a twelve month low of $32.83 and a twelve month high of $51.76. The company has a market capitalization of $1.43 billion, a P/E ratio of 12.97 and a beta of 0.77. The firm has a 50 day moving average of $36.73 and a 200 day moving average of $39.38. The company has a quick ratio of 0.92, a current ratio of 0.93 and a debt-to-equity ratio of 0.10.

National Bank (NYSE:NBHC) last issued its earnings results on Tuesday, April 22nd. The financial services provider reported $0.63 EPS for the quarter, missing the consensus estimate of $0.76 by ($0.13). National Bank had a net margin of 18.75% and a return on equity of 9.02%. The business had revenue of $102.07 million for the quarter, compared to analysts’ expectations of $107.47 million. During the same quarter in the prior year, the business posted $0.82 earnings per share. As a group, equities research analysts anticipate that National Bank will post 3.31 earnings per share for the current fiscal year.

National Bank Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 30th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 3.19%. The ex-dividend date was Friday, May 30th. This is a boost from National Bank’s previous quarterly dividend of $0.29. National Bank’s dividend payout ratio is 41.38%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of National Bank by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 4,230,384 shares of the financial services provider’s stock worth $182,160,000 after purchasing an additional 35,910 shares during the period. Victory Capital Management Inc. grew its position in National Bank by 2.6% during the first quarter. Victory Capital Management Inc. now owns 2,851,786 shares of the financial services provider’s stock valued at $109,138,000 after buying an additional 72,805 shares during the period. Dimensional Fund Advisors LP increased its holdings in National Bank by 1.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,089,730 shares of the financial services provider’s stock valued at $89,984,000 after buying an additional 32,983 shares during the last quarter. Westwood Holdings Group Inc. raised its position in National Bank by 30.1% in the first quarter. Westwood Holdings Group Inc. now owns 1,450,227 shares of the financial services provider’s stock worth $55,500,000 after acquiring an additional 335,741 shares during the period. Finally, Boston Partners boosted its stake in shares of National Bank by 40.6% during the 1st quarter. Boston Partners now owns 567,150 shares of the financial services provider’s stock worth $21,702,000 after acquiring an additional 163,895 shares during the last quarter. 92.65% of the stock is owned by hedge funds and other institutional investors.

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.