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

Shares of National Bank Holdings Corporation (NYSE:NBHC) have been given a consensus recommendation of “Moderate Buy” by the seven research firms that are presently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $46.20.

Several analysts have commented on the stock. Piper Sandler lifted their target price on shares of National Bank from $48.00 to $52.00 and gave the stock an “overweight” rating in a research note on Monday. Weiss Ratings raised shares of National Bank from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, March 30th. DA Davidson reissued a “buy” rating and set a $46.00 price objective on shares of National Bank in a research note on Wednesday, April 22nd. Finally, Wall Street Zen raised shares of National Bank from a “strong sell” rating to a “sell” rating in a research note on Saturday, April 25th.

National Bank Stock Up 1.3%

NBHC stock opened at $42.75 on Friday. The stock has a market capitalization of $1.92 billion, a P/E ratio of 15.95 and a beta of 0.78. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.95 and a current ratio of 0.95. National Bank has a one year low of $35.06 and a one year high of $43.86. The company has a 50 day moving average price of $40.40 and a two-hundred day moving average price of $39.34.

National Bank (NYSE:NBHC) last released its earnings results on Tuesday, April 21st. The financial services provider reported $0.72 EPS for the quarter, topping the consensus estimate of $0.65 by $0.07. The firm had revenue of $126.78 million during the quarter, compared to analysts’ expectations of $129.30 million. National Bank had a net margin of 17.14% and a return on equity of 8.72%. National Bank’s revenue for the quarter was up 37.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.63 EPS. As a group, sell-side analysts expect that National Bank will post 3.51 EPS for the current year.

Insider Activity

In related news, insider John Steinmetz acquired 24,200 shares of the stock in a transaction dated Wednesday, February 11th. The stock was bought at an average cost of $41.41 per share, with a total value of $1,002,122.00. Following the purchase, the insider directly owned 536,504 shares of the company’s stock, valued at approximately $22,216,630.64. This represents a 4.72% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 6.80% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On National Bank

Hedge funds and other institutional investors have recently made changes to their positions in the business. Aster Capital Management DIFC Ltd lifted its holdings in shares of National Bank by 650.9% during the 3rd quarter. Aster Capital Management DIFC Ltd now owns 796 shares of the financial services provider’s stock valued at $31,000 after acquiring an additional 690 shares in the last quarter. Meeder Asset Management Inc. acquired a new position in shares of National Bank during the 4th quarter valued at $48,000. Global Retirement Partners LLC acquired a new position in shares of National Bank during the 4th quarter valued at $66,000. Quarry LP lifted its holdings in shares of National Bank by 50.8% during the 3rd quarter. Quarry LP now owns 1,819 shares of the financial services provider’s stock valued at $70,000 after acquiring an additional 613 shares in the last quarter. Finally, State of Wyoming acquired a new position in shares of National Bank during the 4th quarter valued at $69,000. Institutional investors and hedge funds own 92.65% of the company’s stock.

National Bank Company Profile

National Bank Holdings Corporation (NYSE: NBHC) is a diversified financial services holding company headquartered in Cape Girardeau, Missouri. Through its network of community bank subsidiaries, the company provides deposit, lending and payment solutions to consumer, small business and commercial clients across multiple U.S. markets.

Since its founding in 1992, National Bank Holdings has pursued a growth strategy focused on acquiring and integrating locally branded community banks. Its footprint spans the Midwest and Southern United States, including Missouri, Kansas, Oklahoma, Texas, Colorado, Illinois and Tennessee.