National Bank Holdings Co. (NYSE:NBHC) Receives $46.00 Average Price Target from Brokerages

Shares of National Bank Holdings Co. (NYSE:NBHC) have received a consensus recommendation of “Hold” from the five research firms that are covering the stock, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $46.00.

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

National Bank Stock Performance

Shares of NBHC opened at $38.25 on Friday. National Bank has a 52 week low of $32.83 and a 52 week high of $51.76. 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 business’s 50 day moving average price is $36.97 and its 200-day moving average price is $41.96. The stock has a market cap of $1.46 billion, a P/E ratio of 12.38 and a beta of 0.77.

National Bank (NYSE:NBHC) last released its quarterly earnings data on Tuesday, April 22nd. The financial services provider reported $0.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.76 by ($0.13). National Bank had a net margin of 19.82% and a return on equity of 9.76%. The business had revenue of $102.07 million during the quarter, compared to the consensus estimate of $107.47 million. During the same period last year, the company posted $0.82 earnings per share. 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 will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 3.14%. This is a positive change from National Bank’s previous quarterly dividend of $0.29. The ex-dividend date is Friday, May 30th. National Bank’s payout ratio is presently 41.38%.

Institutional Trading of National Bank

Several institutional investors have recently added to or reduced their stakes in the company. CWM LLC boosted its holdings in shares of National Bank by 158.4% in the first quarter. CWM LLC now owns 783 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 480 shares during the period. Quarry LP raised its holdings in shares of National Bank by 503.1% in the fourth quarter. Quarry LP now owns 971 shares of the financial services provider’s stock worth $42,000 after buying an additional 810 shares during the last quarter. Sterling Capital Management LLC grew its stake in National Bank by 815.5% during the 4th quarter. Sterling Capital Management LLC now owns 1,181 shares of the financial services provider’s stock valued at $51,000 after purchasing an additional 1,052 shares during the last quarter. KBC Group NV increased its holdings in National Bank by 82.5% in the 4th quarter. KBC Group NV now owns 2,389 shares of the financial services provider’s stock worth $103,000 after buying an additional 1,080 shares during the period. Finally, Aquatic Capital Management LLC purchased a new position in shares of National Bank during the fourth quarter worth $174,000. Institutional investors own 92.65% of the company’s stock.

National Bank Company Profile

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.