National Bank Holdings Corporation (NYSE:NBHC) Receives $46.20 Average Price Target from Analysts

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

A number of equities research analysts have issued reports on the company. Weiss Ratings raised National Bank from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday. DA Davidson restated a “buy” rating and issued a $46.00 price objective on shares of National Bank in a report on Wednesday, April 22nd. Piper Sandler lifted their price objective on National Bank from $48.00 to $52.00 and gave the company an “overweight” rating in a research note 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.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. Dimensional Fund Advisors LP raised its holdings in National Bank by 2.0% in the first quarter. Dimensional Fund Advisors LP now owns 2,100,944 shares of the financial services provider’s stock valued at $82,271,000 after buying an additional 40,669 shares during the period. State Street Corp raised its position in National Bank by 2.6% in the fourth quarter. State Street Corp now owns 1,888,885 shares of the financial services provider’s stock valued at $71,797,000 after purchasing an additional 47,991 shares during the period. Deprince Race & Zollo Inc. raised its position in 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 purchasing an additional 793,902 shares during the period. Segall Bryant & Hamill LLC raised its position in National Bank by 6.8% in the third quarter. Segall Bryant & Hamill LLC now owns 964,261 shares of the financial services provider’s stock valued at $37,259,000 after purchasing an additional 61,771 shares during the period. Finally, Leeward Investments LLC MA raised its position in National Bank by 20.9% in the fourth quarter. Leeward Investments LLC MA now owns 534,211 shares of the financial services provider’s stock valued at $20,305,000 after purchasing an additional 92,489 shares during the period. Hedge funds and other institutional investors own 92.65% of the company’s stock.

National Bank Stock Performance

NYSE:NBHC opened at $42.00 on Tuesday. The company has a market cap of $1.88 billion, a P/E ratio of 15.67 and a beta of 0.80. The firm’s 50 day moving average is $40.87 and its two-hundred day moving average is $39.92. National Bank has a fifty-two week low of $35.06 and a fifty-two week high of $43.86. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.12.

National Bank (NYSE:NBHC) last released its quarterly earnings data on Tuesday, April 21st. The financial services provider reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.07. The business had revenue of $126.78 million during 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 business’s revenue for the quarter was up 37.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.63 EPS. Analysts expect that National Bank will post 3.51 EPS for the current year.

National Bank Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 29th will be issued a $0.32 dividend. The ex-dividend date is Friday, May 29th. This represents a $1.28 annualized dividend and a yield of 3.0%. National Bank’s dividend payout ratio (DPR) is presently 47.76%.

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.