National Bank Holdings Co. (NYSE:NBHC) Receives $49.20 Average Price Target from Brokerages

National Bank Holdings Co. (NYSE:NBHC) has received a consensus recommendation of “Hold” from the five brokerages that are currently covering the company, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $50.00.

Several equities research analysts have weighed in on the company. StockNews.com cut National Bank from a “hold” rating to a “sell” rating in a report on Wednesday, July 24th. DA Davidson upped their target price on National Bank from $51.00 to $53.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Keefe, Bruyette & Woods raised their target price on National Bank from $39.00 to $45.00 and gave the company a “market perform” rating in a research note on Monday, July 29th. Piper Sandler upped their price target on National Bank from $44.00 to $48.00 and gave the stock a “neutral” rating in a research note on Thursday, October 24th. Finally, Hovde Group lowered 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.

National Bank Stock Down 1.2 %

Shares of NBHC opened at $47.24 on Friday. The firm has a market cap of $1.80 billion, a P/E ratio of 14.67 and a beta of 0.84. National Bank has a 1 year low of $32.13 and a 1 year high of $51.76. The stock has a 50 day simple moving average of $43.72 and a two-hundred day simple moving average of $40.85. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.92 and a quick ratio of 0.92.

National Bank (NYSE:NBHC) last posted its quarterly earnings results on Tuesday, October 22nd. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analyst estimates of $102.32 million. During the same period in the prior year, the business posted $0.94 earnings per share. On average, 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. Shareholders of record on Friday, November 29th will be issued a $0.29 dividend. This is an increase from National Bank’s previous quarterly dividend of $0.28. The ex-dividend date is Friday, November 29th. This represents a $1.16 dividend on an annualized basis and a yield of 2.46%. National Bank’s dividend payout ratio is currently 34.67%.

Insider Buying and Selling at National Bank

In other National Bank news, insider Richard U. Jr. Newfield sold 19,259 shares of the company’s stock in a transaction that occurred on Wednesday, November 13th. The shares were 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 directly owns 143,210 shares in the company, valued at $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 SEC, which is available through this hyperlink. Also, insider Valerie D. Kramer sold 1,275 shares of National Bank stock in a transaction on Friday, November 8th. The shares were sold at an average price of $49.62, for a total transaction of $63,265.50. Following the transaction, the insider now owns 10,652 shares in the company, valued at approximately $528,552.24. This trade represents a 10.69 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 51,522 shares of company stock worth $2,380,956 in the last three months. 3.30% of the stock is currently owned by company insiders.

Institutional Trading of National Bank

A number of institutional investors and hedge funds have recently bought and sold shares of NBHC. BNP Paribas Financial Markets grew its holdings in shares of National Bank by 45.9% in the first quarter. BNP Paribas Financial Markets now owns 18,398 shares of the financial services provider’s stock valued at $664,000 after purchasing an additional 5,790 shares in the last quarter. Texas Permanent School Fund Corp lifted its stake in shares of National Bank by 1.4% in the 1st quarter. Texas Permanent School Fund Corp now owns 33,069 shares of the financial services provider’s stock valued at $1,193,000 after purchasing an additional 449 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in shares of National Bank by 87.6% during the 1st quarter. Russell Investments Group Ltd. now owns 478,748 shares of the financial services provider’s stock worth $17,268,000 after purchasing an additional 223,505 shares during the period. ProShare Advisors LLC boosted its holdings in National Bank by 7.4% during the 1st quarter. ProShare Advisors LLC now owns 7,450 shares of the financial services provider’s stock valued at $269,000 after acquiring an additional 513 shares during the period. Finally, State Board of Administration of Florida Retirement System lifted its holdings in National Bank by 53.7% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 16,169 shares of the financial services provider’s stock valued at $541,000 after buying an additional 5,650 shares in the last quarter. 92.65% of the stock is currently owned by 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.