National Bank Holdings Co. (NYSE:NBHC) Given Consensus Recommendation of “Moderate Buy” by Brokerages

National Bank Holdings Co. (NYSE:NBHC) has been assigned an average recommendation of “Moderate Buy” from the four analysts that are presently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $38.63.

Several equities research analysts recently issued reports on the stock. Hovde Group dropped their target price on shares of National Bank from $45.00 to $40.50 and set an “outperform” rating on the stock in a report on Monday, April 29th. StockNews.com lowered National Bank from a “hold” rating to a “sell” rating in a report on Sunday, April 28th. TheStreet downgraded National Bank from a “b” rating to a “c+” rating in a report on Monday, March 18th. Keefe, Bruyette & Woods restated a “market perform” rating and set a $39.00 price target (down from $40.00) on shares of National Bank in a research note on Friday, April 26th. Finally, Piper Sandler increased their price objective on shares of National Bank from $40.00 to $41.00 and gave the stock an “overweight” rating in a research note on Thursday, January 25th.

National Bank Stock Up 1.0 %

NBHC stock opened at $34.76 on Monday. The stock has a market capitalization of $1.31 billion, a P/E ratio of 9.99 and a beta of 0.84. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.91 and a quick ratio of 0.91. National Bank has a 1-year low of $26.48 and a 1-year high of $38.71. The business has a fifty day moving average price of $34.15 and a 200-day moving average price of $34.25.

National Bank (NYSE:NBHC) last posted its earnings results on Wednesday, April 24th. The financial services provider reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.03. National Bank had a net margin of 22.94% and a return on equity of 11.20%. The business had revenue of $149.43 million for the quarter, compared to analysts’ expectations of $101.98 million. During the same quarter in the prior year, the business earned $1.06 EPS. Equities analysts forecast that National Bank will post 3.13 earnings per share for the current fiscal year.

National Bank Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be paid a $0.28 dividend. The ex-dividend date is Friday, May 31st. This represents a $1.12 annualized dividend and a dividend yield of 3.22%. This is an increase from National Bank’s previous quarterly dividend of $0.27. National Bank’s dividend payout ratio (DPR) is 31.03%.

Institutional Investors Weigh In On National Bank

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Swiss National Bank increased its stake in shares of National Bank by 1.2% in the third quarter. Swiss National Bank now owns 66,400 shares of the financial services provider’s stock worth $1,976,000 after purchasing an additional 800 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings in National Bank by 353.3% during the third quarter. Assenagon Asset Management S.A. now owns 201,893 shares of the financial services provider’s stock valued at $6,008,000 after acquiring an additional 157,359 shares during the period. Illinois Municipal Retirement Fund bought a new position in shares of National Bank in the third quarter worth about $660,000. Charles Schwab Investment Management Inc. boosted its stake in shares of National Bank by 4.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 298,048 shares of the financial services provider’s stock worth $8,870,000 after acquiring an additional 11,562 shares during the period. Finally, Jackson Hole Capital Partners LLC purchased a new stake in shares of National Bank during the fourth quarter worth about $17,537,000. 92.65% of the stock is owned by hedge funds and other 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.