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

National Bank Holdings Co. (NYSE:NBHC) has earned a consensus rating of “Hold” from the five analysts that are covering the company, Marketbeat.com reports. Four research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $51.40.

Several brokerages recently weighed in on NBHC. Keefe, Bruyette & Woods upped their target price on shares of National Bank from $47.00 to $52.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. 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. Stephens raised their price objective 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, October 24th. Hovde Group lowered shares of National Bank from an “outperform” rating to a “market perform” rating and set a $55.00 price objective for the company. in a report on Monday, November 18th. Finally, DA Davidson increased their target price on shares of National Bank from $51.00 to $53.00 and gave the stock a “buy” rating in a report on Thursday, October 24th.

National Bank Stock Performance

Shares of NBHC stock opened at $42.81 on Friday. The company has a 50 day moving average price of $46.29 and a 200-day moving average price of $43.05. The firm has a market capitalization of $1.63 billion, a PE ratio of 13.25 and a beta of 0.84. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.04. National Bank has a 52 week low of $32.13 and a 52 week high of $51.76.

National Bank (NYSE:NBHC) last announced its earnings results on Tuesday, October 22nd. The financial services provider reported $0.86 EPS 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 9.93%. The business had revenue of $156.39 million during the quarter, compared to analysts’ expectations of $102.32 million. During the same period in the prior year, the company earned $0.94 earnings per share. As a group, equities research analysts expect that National Bank will post 3.18 earnings per share for the current year.

National Bank Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were paid a $0.29 dividend. The ex-dividend date of this dividend was Friday, November 29th. This is a boost from National Bank’s previous quarterly dividend of $0.28. This represents a $1.16 dividend on an annualized basis and a yield of 2.71%. National Bank’s dividend payout ratio (DPR) is 35.91%.

Insider Activity at National Bank

In other news, insider Richard U. Jr. Newfield sold 19,259 shares of the stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $49.81, for a total transaction of $959,290.79. Following the transaction, the insider now owns 143,210 shares in the company, valued at $7,133,290.10. This trade represents a 11.85 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Valerie D. Kramer sold 897 shares of the stock in a transaction on Monday, November 11th. The shares were sold at an average price of $50.11, for a total transaction of $44,948.67. Following the transaction, the insider now directly owns 9,755 shares in the company, valued at approximately $488,823.05. The trade was a 8.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 21,431 shares of company stock valued at $1,067,505 in the last ninety days. Company insiders own 3.10% of the company’s stock.

Institutional Investors Weigh In On National Bank

Several large investors have recently bought and sold shares of NBHC. Meeder Asset Management Inc. acquired a new stake in shares of National Bank in the second quarter valued at about $52,000. Assetmark Inc. purchased a new stake in National Bank in the 3rd quarter valued at about $71,000. Atria Investments Inc purchased a new position in shares of National Bank during the 3rd quarter worth approximately $202,000. Choreo LLC acquired a new position in National Bank in the 2nd quarter valued at about $209,000. Finally, Intech Investment Management LLC purchased a new stake in National Bank during the 2nd quarter worth approximately $319,000. 92.65% of the stock is currently 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.