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

National Bank Holdings Corporation (NYSE:NBHC) has received a consensus recommendation of “Moderate Buy” from the seven research firms that are currently 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 1-year price objective among analysts that have issued ratings on the stock in the last year is $46.20.

A number of brokerages have recently commented on NBHC. Weiss Ratings lowered National Bank from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, June 5th. DA Davidson restated a “buy” rating and issued a $46.00 price target on shares of National Bank in a report on Wednesday, April 22nd. Piper Sandler boosted their price target on National Bank from $48.00 to $52.00 and gave the company an “overweight” rating in a report on Monday, April 27th. Finally, Wall Street Zen upgraded National Bank from a “sell” rating to a “hold” rating in a report on Saturday, May 9th.

National Bank Stock Performance

NBHC stock opened at $41.93 on Friday. The business’s 50-day moving average price is $42.07 and its two-hundred day moving average price is $40.59. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.12. The firm has a market cap of $1.88 billion, a PE ratio of 15.65 and a beta of 0.78. National Bank has a 1-year low of $35.06 and a 1-year high of $44.12.

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

National Bank Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, May 29th were issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date was Friday, May 29th. National Bank’s payout ratio is 47.76%.

Institutional Trading of National Bank

Institutional investors have recently modified their holdings of the company. Deprince Race & Zollo Inc. increased its position in shares of National Bank by 215.4% in the fourth quarter. Deprince Race & Zollo Inc. now owns 1,162,432 shares of the financial services provider’s stock valued at $44,184,000 after acquiring an additional 793,902 shares during the last quarter. North Reef Capital Management LP acquired a new stake in shares of National Bank in the first quarter valued at about $12,545,000. AQR Capital Management LLC increased its position in shares of National Bank by 138.9% in the fourth quarter. AQR Capital Management LLC now owns 430,078 shares of the financial services provider’s stock valued at $16,347,000 after acquiring an additional 250,088 shares during the last quarter. Russell Investments Group Ltd. increased its position in shares of National Bank by 143.3% in the fourth quarter. Russell Investments Group Ltd. now owns 405,164 shares of the financial services provider’s stock valued at $15,400,000 after acquiring an additional 238,642 shares during the last quarter. Finally, Millennium Management LLC increased its position in shares of National Bank by 2,057.9% in the first quarter. Millennium Management LLC now owns 199,453 shares of the financial services provider’s stock valued at $7,633,000 after acquiring an additional 190,210 shares during the last quarter. 92.65% of the stock is currently owned by institutional investors.

About National Bank

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.