National Bank Holdings Co. (NYSE:NBHC) Given Consensus Recommendation of “Hold” by Brokerages

Shares of National Bank Holdings Co. (NYSE:NBHC) have received a consensus rating of “Hold” from the five ratings firms that are currently covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $49.00.

Several analysts have weighed in on the company. Keefe, Bruyette & Woods raised their price target on National Bank from $39.00 to $45.00 and gave the company a “market perform” rating in a report on Monday, July 29th. Piper Sandler raised their target price on shares of National Bank from $44.00 to $48.00 and gave the company a “neutral” rating in a research note on Thursday. Stephens boosted their price target on shares of National Bank from $46.00 to $49.00 and gave the stock an “equal weight” rating in a research note on Thursday. DA Davidson increased their price target on shares of National Bank from $51.00 to $53.00 and gave the stock a “buy” rating in a report on Thursday. Finally, Hovde Group lifted their price objective on shares of National Bank from $42.00 to $50.00 and gave the stock an “outperform” rating in a report on Friday, July 26th.

Insider Activity at National Bank

In other National Bank news, insider Valerie D. Kramer sold 725 shares of the firm’s stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $40.17, for a total transaction of $29,123.25. Following the completion of the transaction, the insider now owns 10,398 shares of the company’s stock, valued at approximately $417,687.66. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, EVP Christopher S. Randall sold 3,750 shares of National Bank stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $43.51, for a total value of $163,162.50. Following the completion of the transaction, the executive vice president now owns 14,365 shares of the company’s stock, valued at $625,021.15. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Valerie D. Kramer sold 725 shares of the stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $40.17, for a total transaction of $29,123.25. Following the sale, the insider now directly owns 10,398 shares in the company, valued at $417,687.66. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 84,454 shares of company stock worth $3,624,390 over the last ninety days. 3.10% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in NBHC. Vanguard Group Inc. raised its holdings in National Bank by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 4,220,345 shares of the financial services provider’s stock worth $156,955,000 after acquiring an additional 25,349 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in National Bank by 9.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,950,210 shares of the financial services provider’s stock worth $76,152,000 after buying an additional 167,711 shares in the last quarter. Victory Capital Management Inc. raised its position in National Bank by 12,407.1% in the 2nd quarter. Victory Capital Management Inc. now owns 1,824,912 shares of the financial services provider’s stock worth $71,263,000 after buying an additional 1,810,321 shares during the last quarter. Westwood Holdings Group Inc. raised its holdings in shares of National Bank by 2.1% during the first quarter. Westwood Holdings Group Inc. now owns 935,119 shares of the financial services provider’s stock valued at $33,730,000 after purchasing an additional 19,016 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in shares of National Bank by 194.7% in the second quarter. Principal Financial Group Inc. now owns 577,793 shares of the financial services provider’s stock worth $22,563,000 after buying an additional 381,754 shares during the last quarter. Institutional investors own 92.65% of the company’s stock.

National Bank Price Performance

NBHC opened at $44.40 on Monday. The company has a market capitalization of $1.68 billion, a price-to-earnings ratio of 13.75 and a beta of 0.85. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.07. The firm has a 50-day moving average price of $42.20 and a 200-day moving average price of $39.21. National Bank has a twelve month low of $29.86 and a twelve month high of $46.51.

National Bank (NYSE:NBHC) last released its quarterly earnings data on Tuesday, October 22nd. The financial services provider reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.76 by $0.10. National Bank had a net margin of 20.52% and a return on equity of 10.06%. The business had revenue of $156.39 million during the quarter, compared to analyst estimates of $102.32 million. During the same period in the previous year, the business earned $0.94 EPS. Equities analysts expect that National Bank will post 3.03 EPS for the current year.

National Bank Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be given a $0.29 dividend. The ex-dividend date is Friday, November 29th. This represents a $1.16 annualized dividend and a dividend yield of 2.61%. This is a positive change from National Bank’s previous quarterly dividend of $0.28. National Bank’s dividend payout ratio is currently 34.67%.

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.