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

Shares of National Bank Holdings Co. (NYSE:NBHC) have earned a consensus recommendation of “Hold” from the five research firms that are currently covering the company, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $51.40.

A number of research analysts have commented on NBHC shares. Keefe, Bruyette & Woods increased their price target 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. DA Davidson increased their target price on shares of National Bank from $51.00 to $53.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Hovde Group downgraded shares of National Bank from an “outperform” rating to a “market perform” rating and set a $55.00 price target for the company. in a research note on Monday, November 18th. Piper Sandler raised their price objective on National Bank from $44.00 to $48.00 and gave the company a “neutral” rating in a research note on Thursday, October 24th. Finally, Stephens lifted their price objective on National Bank from $46.00 to $49.00 and gave the stock an “equal weight” rating in a report on Thursday, October 24th.

National Bank Stock Performance

Shares of NBHC opened at $46.24 on Tuesday. National Bank has a 12-month low of $32.13 and a 12-month high of $51.76. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.04. The company has a market cap of $1.76 billion, a PE ratio of 14.32 and a beta of 0.84. The stock has a 50-day moving average price of $45.97 and a 200-day moving average price of $42.25.

National Bank (NYSE:NBHC) last issued its quarterly earnings results on Tuesday, October 22nd. The financial services provider reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.10. National Bank had a net margin of 20.52% and a return on equity of 9.93%. The firm had revenue of $156.39 million for the quarter, compared to analyst estimates of $102.32 million. During the same quarter in the prior year, the firm earned $0.94 EPS. As a group, equities analysts forecast that National Bank will post 3.18 earnings per share for the current fiscal 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 issued a dividend of $0.29 per share. This is a positive change from National Bank’s previous quarterly dividend of $0.28. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.51%. The ex-dividend date of this dividend is Friday, November 29th. National Bank’s dividend payout ratio is currently 35.91%.

Insider Buying and Selling at National Bank

In other National Bank news, insider Richard U. Jr. Newfield sold 19,259 shares of the stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $49.81, for a total value of $959,290.79. Following the completion of the transaction, the insider now owns 143,210 shares in the company, valued at approximately $7,133,290.10. This represents a 11.85 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Valerie D. Kramer sold 897 shares of the business’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $50.11, for a total transaction of $44,948.67. Following the sale, the insider now directly owns 9,755 shares in the company, valued at $488,823.05. The trade was a 8.42 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 21,431 shares of company stock valued at $1,067,505 in the last 90 days. Insiders own 3.10% of the company’s stock.

Institutional Investors Weigh In On National Bank

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Innealta Capital LLC bought a new stake in National Bank during the second quarter valued at about $41,000. Meeder Asset Management Inc. bought a new position in shares of National Bank during the 2nd quarter valued at approximately $52,000. Assetmark Inc. bought a new position in shares of National Bank during the 3rd quarter valued at approximately $71,000. Atria Investments Inc bought a new stake in National Bank during the 3rd quarter worth approximately $202,000. Finally, Choreo LLC purchased a new position in National Bank during the second quarter valued at approximately $209,000. Hedge funds and other institutional investors own 92.65% of the company’s stock.

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.