National Bank Holdings Corporation (NYSE:NBHC) Receives Average Rating of “Hold” from Brokerages

Shares of National Bank Holdings Corporation (NYSE:NBHC) have been assigned a consensus recommendation of “Hold” from the five ratings firms that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $47.67.

A number of equities research analysts have recently commented on NBHC shares. Weiss Ratings downgraded National Bank from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, August 11th. Zacks Research cut National Bank from a “hold” rating to a “strong sell” rating in a report on Wednesday, September 23rd. Stephens lowered National Bank from an “overweight” rating to an “equal weight” rating and set a $46.00 target price on the stock. in a research report on Thursday, August 6th. Finally, Piper Sandler reduced their target price on National Bank from $52.00 to $51.00 and set an “overweight” rating for the company in a report on Monday, July 27th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Sequoia Financial Advisors LLC purchased a new position in shares of National Bank in the second quarter worth approximately $433,000. Integrated Wealth Concepts LLC purchased a new stake in shares of National Bank in the 2nd quarter valued at approximately $90,000. Squarepoint Ops LLC lifted its position in shares of National Bank by 31.3% in the 2nd quarter. Squarepoint Ops LLC now owns 16,655 shares of the financial services provider’s stock valued at $740,000 after acquiring an additional 3,974 shares in the last quarter. Arizona State Retirement System boosted its stake in National Bank by 9.8% in the 2nd quarter. Arizona State Retirement System now owns 11,407 shares of the financial services provider’s stock worth $507,000 after purchasing an additional 1,020 shares during the period. Finally, Nykredit A S acquired a new position in National Bank in the 2nd quarter worth approximately $34,000. 92.65% of the stock is currently owned by institutional investors and hedge funds.

National Bank Stock Down 0.1%

NYSE NBHC opened at $40.11 on Monday. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.97 and a quick ratio of 0.96. The company’s 50 day simple moving average is $42.16 and its 200 day simple moving average is $42.02. National Bank has a 12 month low of $35.06 and a 12 month high of $47.28. The company has a market capitalization of $1.79 billion, a P/E ratio of 16.85 and a beta of 0.77.

National Bank (NYSE:NBHC) last issued its earnings results on Tuesday, July 21st. The financial services provider reported $0.78 earnings per share for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.03). The business had revenue of $129.94 million for the quarter, compared to the consensus estimate of $135.08 million. National Bank had a return on equity of 8.35% and a net margin of 15.11%.The company’s quarterly revenue was up 23.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.88 earnings per share. Equities research analysts expect that National Bank will post 3.29 earnings per share for the current fiscal year.

National Bank Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Friday, August 28th were issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 3.2%. The ex-dividend date was Friday, August 28th. National Bank’s payout ratio is presently 53.78%.

About National Bank

National Bank Holdings Corporation (NYSE: NBHC) is a bank holding company headquartered in Greenwood Village, Colorado. Through its principal subsidiary, NBH Bank, the company provides community banking services to businesses, individuals and organizations.

NBH Bank offers commercial and small-business lending, personal and business deposit accounts, mortgage and consumer loans, treasury management, digital banking and wealth management services. Its products are designed to support commercial clients, professionals, entrepreneurs and retail customers.

The company serves customers through a network of banking locations and digital channels in several markets across the central and western United States, including Colorado, Kansas, Missouri, New Mexico, Texas and Wyoming.