National Bank Holdings Corporation (NYSE:NBHC) Receives $45.33 Average PT from Brokerages

National Bank Holdings Corporation (NYSE:NBHC) has been given an average rating of “Moderate Buy” by the five ratings firms that are currently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $45.3333.

NBHC has been the topic of a number of research analyst reports. Wall Street Zen raised National Bank from a “strong sell” rating to a “hold” rating in a research note on Saturday, July 26th. Hovde Group raised 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. Keefe, Bruyette & Woods increased their target price on National Bank from $44.00 to $45.00 and gave the company a “market perform” rating in a research note on Wednesday, September 17th. DA Davidson increased their target price on National Bank from $42.00 to $45.00 and gave the company a “buy” rating in a research note on Thursday, July 24th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of National Bank in a research note on Wednesday, October 8th.

National Bank Stock Down 1.5%

NBHC opened at $35.62 on Friday. The stock has a market cap of $1.36 billion, a PE ratio of 11.27 and a beta of 0.75. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.04. National Bank has a 52 week low of $32.83 and a 52 week high of $51.76. The business’s fifty day simple moving average is $38.28 and its 200 day simple moving average is $37.75.

National Bank (NYSE:NBHC) last released its earnings results on Thursday, August 14th. The financial services provider reported $0.63 EPS for the quarter. The business had revenue of $102.07 million for the quarter. National Bank had a return on equity of 9.56% and a net margin of 20.50%. As a group, research analysts expect that National Bank will post 3.31 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 Monday, December 15th. Stockholders of record on Friday, November 28th will be paid a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.5%. This is an increase from National Bank’s previous quarterly dividend of ($0.30). The ex-dividend date of this dividend is Friday, November 28th. National Bank’s payout ratio is 39.24%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of NBHC. Leeward Investments LLC MA grew its stake in shares of National Bank by 12.0% during the first quarter. Leeward Investments LLC MA now owns 390,439 shares of the financial services provider’s stock valued at $14,942,000 after buying an additional 41,828 shares during the last quarter. Rosenthal Henry Capital Advisors Inc. grew its stake in shares of National Bank by 48.3% during the first quarter. Rosenthal Henry Capital Advisors Inc. now owns 33,775 shares of the financial services provider’s stock valued at $1,293,000 after buying an additional 11,000 shares during the last quarter. CWM LLC grew its stake in shares of National Bank by 158.4% during the first quarter. CWM LLC now owns 783 shares of the financial services provider’s stock valued at $30,000 after buying an additional 480 shares during the last quarter. Victory Capital Management Inc. grew its stake in shares of National Bank by 2.6% during the first quarter. Victory Capital Management Inc. now owns 2,851,786 shares of the financial services provider’s stock valued at $109,138,000 after buying an additional 72,805 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of National Bank during the first quarter valued at about $217,000. 92.65% of the stock is owned by institutional investors.

National Bank Company Profile

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.