National Bank Holdings Corporation (NYSE:NBHC) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of National Bank Holdings Corporation (NYSE:NBHC) have been given a consensus recommendation of “Moderate Buy” by the seven analysts that are currently covering the company, Marketbeat reports. Four investment analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $46.60.

A number of research firms have weighed in on NBHC. Keefe, Bruyette & Woods raised their target price on shares of National Bank from $44.00 to $45.00 and gave the stock a “market perform” rating in a research note on Wednesday, September 17th. DA Davidson raised their target price on shares of National Bank from $42.00 to $45.00 and gave the stock a “buy” rating in a research note on Thursday, July 24th. Hovde Group raised shares of National Bank from a “market perform” rating to an “outperform” rating and set a $46.00 target price on the stock in a research note on Thursday, September 18th. Wall Street Zen raised shares of National Bank from a “strong sell” rating to a “hold” rating in a research note on Saturday, July 26th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of National Bank in a research note on Wednesday, October 8th.

National Bank Stock Down 3.9%

NBHC opened at $36.50 on Monday. National Bank has a twelve month low of $32.83 and a twelve month high of $51.76. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.18. The company has a 50-day moving average price of $38.45 and a 200 day moving average price of $37.61. The company has a market cap of $1.39 billion, a PE ratio of 11.77 and a beta of 0.75.

National Bank (NYSE:NBHC) last released its quarterly earnings results on Thursday, August 14th. The financial services provider reported $0.63 earnings per share for the quarter. National Bank had a net margin of 20.02% and a return on equity of 9.44%. The firm had revenue of $102.07 million during the quarter. Sell-side analysts expect that National Bank will post 3.31 earnings per share for the current fiscal year.

National Bank Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, August 29th were paid a $-0.30 dividend. The ex-dividend date of this dividend was Friday, August 29th. This represents a ($1.20) annualized dividend and a dividend yield of -3.3%. National Bank’s dividend payout ratio is 38.71%.

Institutional Trading of National Bank

Several hedge funds have recently made changes to their positions in NBHC. Millennium Management LLC grew its stake in shares of National Bank by 45.2% in the 4th quarter. Millennium Management LLC now owns 9,243 shares of the financial services provider’s stock valued at $398,000 after buying an additional 2,876 shares during the period. Wealth Enhancement Advisory Services LLC purchased a new position in shares of National Bank during the 4th quarter worth approximately $230,000. GAMMA Investing LLC boosted its position in shares of National Bank by 4,552.1% during the 1st quarter. GAMMA Investing LLC now owns 20,283 shares of the financial services provider’s stock worth $776,000 after purchasing an additional 19,847 shares during the period. Vest Financial LLC purchased a new position in shares of National Bank during the 1st quarter worth approximately $727,000. Finally, Harbor Capital Advisors Inc. purchased a new position in shares of National Bank during the 1st quarter worth approximately $526,000. 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.