National Bank Holdings Co. (NYSE:NBHC – Get Free Report) has been given a consensus recommendation of “Hold” by the five analysts that are presently covering the company, Marketbeat.com reports. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $46.40.
NBHC has been the topic of a number of research reports. Keefe, Bruyette & Woods boosted their target price on shares of National Bank from $39.00 to $45.00 and gave the stock a “market perform” rating in a report on Monday, July 29th. DA Davidson upped their price target on National Bank from $42.00 to $45.00 and gave the company a “buy” rating in a report on Tuesday, July 2nd. StockNews.com lowered National Bank from a “hold” rating to a “sell” rating in a research note on Wednesday, July 24th. Hovde Group lifted their target price on National Bank from $42.00 to $50.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. Finally, Stephens upped their target price on National Bank from $38.00 to $46.00 and gave the company an “equal weight” rating in a report on Thursday, July 25th.
Read Our Latest Stock Analysis on NBHC
Insider Activity at National Bank
Institutional Inflows and Outflows
Several hedge funds have recently modified their holdings of NBHC. Victory Capital Management Inc. grew its holdings in National Bank by 12,407.1% during the second quarter. Victory Capital Management Inc. now owns 1,824,912 shares of the financial services provider’s stock valued at $71,263,000 after purchasing an additional 1,810,321 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in shares of National Bank by 194.7% during the 2nd quarter. Principal Financial Group Inc. now owns 577,793 shares of the financial services provider’s stock worth $22,563,000 after buying an additional 381,754 shares during the period. American Century Companies Inc. grew its stake in National Bank by 154.8% in the 2nd quarter. American Century Companies Inc. now owns 377,929 shares of the financial services provider’s stock valued at $14,758,000 after buying an additional 229,630 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in National Bank by 87.6% in the 1st quarter. Russell Investments Group Ltd. now owns 478,748 shares of the financial services provider’s stock worth $17,268,000 after acquiring an additional 223,505 shares during the period. Finally, Boston Partners lifted its position in National Bank by 743.6% during the 1st quarter. Boston Partners now owns 200,094 shares of the financial services provider’s stock worth $7,211,000 after acquiring an additional 176,375 shares during the last quarter. Institutional investors and hedge funds own 92.65% of the company’s stock.
National Bank Stock Performance
NBHC opened at $43.42 on Monday. National Bank has a 1-year low of $28.38 and a 1-year high of $46.51. The company has a market capitalization of $1.64 billion, a price-to-earnings ratio of 12.48 and a beta of 0.85. The business has a 50 day moving average price of $41.86 and a two-hundred day moving average price of $38.96. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.93 and a quick ratio of 0.93.
National Bank (NYSE:NBHC – Get Free Report) last announced its earnings results on Tuesday, July 23rd. The financial services provider reported $0.68 earnings per share for the quarter, missing the consensus estimate of $0.74 by ($0.06). National Bank had a net margin of 21.40% and a return on equity of 10.44%. The firm had revenue of $99.31 million for the quarter, compared to the consensus estimate of $102.96 million. During the same period in the prior year, the business earned $0.85 EPS. The company’s quarterly revenue was down 5.5% compared to the same quarter last year. Research analysts predict that National Bank will post 3.03 EPS for the current fiscal year.
National Bank Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were issued a dividend of $0.28 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.58%. National Bank’s dividend payout ratio is 32.18%.
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.
See Also
- Five stocks we like better than National Bank
- Overbought Stocks Explained: Should You Trade Them?
- Is Spotify Stock Poised to Soar? Options Traders Think So
- Differences Between Momentum Investing and Long Term Investing
- Misses and Beats: 3 Stocks That Are Moving Markets Right Now
- Best ESG Stocks: 11 Best Stocks for ESG Investing
- Cisco on the Rise: AI Potential and Analyst Upgrades Drive Gains
Receive News & Ratings for National Bank Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for National Bank and related companies with MarketBeat.com's FREE daily email newsletter.