National Bank Holdings Co. (NYSE:NBHC) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of National Bank Holdings Co. (NYSE:NBHC) have earned an average recommendation of “Hold” from the five analysts that are presently covering the stock, MarketBeat reports. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $51.40.

A number of equities research analysts have weighed in on the company. Keefe, Bruyette & Woods raised their price target on National Bank from $47.00 to $52.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. Hovde Group cut National Bank from an “outperform” rating to a “market perform” rating and set a $55.00 price objective on the stock. in a report on Monday, November 18th. Stephens upped their target price on National Bank from $46.00 to $49.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 24th. DA Davidson lifted their price target on shares of National Bank from $51.00 to $53.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Finally, Piper Sandler upped their price objective on shares of National Bank from $44.00 to $48.00 and gave the company a “neutral” rating in a research note on Thursday, October 24th.

Insider Activity

In related news, insider Valerie D. Kramer sold 1,275 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $49.62, for a total value of $63,265.50. Following the completion of the transaction, the insider now directly owns 10,652 shares in the company, valued at $528,552.24. The trade was a 10.69 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Richard U. Jr. Newfield sold 19,259 shares of National Bank stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $49.81, for a total value of $959,290.79. Following the completion of the sale, the insider now directly owns 143,210 shares of the company’s stock, valued at approximately $7,133,290.10. The trade was a 11.85 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 21,431 shares of company stock worth $1,067,505 over the last three months. 3.10% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On National Bank

Hedge funds and other institutional investors have recently modified their holdings of the company. AQR Capital Management LLC boosted its holdings in shares of National Bank by 49.0% in the second quarter. AQR Capital Management LLC now owns 10,378 shares of the financial services provider’s stock worth $405,000 after buying an additional 3,415 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of National Bank during the 3rd quarter worth $491,000. Leeward Investments LLC MA grew its position in shares of National Bank by 64.2% during the 3rd quarter. Leeward Investments LLC MA now owns 374,638 shares of the financial services provider’s stock valued at $15,772,000 after acquiring an additional 146,494 shares during the period. Principal Financial Group Inc. raised its holdings in National Bank by 36.1% in the 3rd quarter. Principal Financial Group Inc. now owns 786,096 shares of the financial services provider’s stock worth $33,095,000 after purchasing an additional 208,303 shares during the period. Finally, Assetmark Inc. purchased a new position in National Bank during the third quarter valued at $71,000. 92.65% of the stock is owned by institutional investors.

National Bank Stock Up 0.6 %

Shares of NYSE NBHC opened at $42.92 on Wednesday. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.04. The company has a market cap of $1.63 billion, a P/E ratio of 13.89 and a beta of 0.86. National Bank has a 52 week low of $32.13 and a 52 week high of $51.76. The business has a 50-day simple moving average of $44.81 and a two-hundred day simple moving average of $43.67.

National Bank (NYSE:NBHC) last announced its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $0.86 EPS for the quarter, beating the consensus estimate of $0.79 by $0.07. National Bank had a net margin of 19.82% and a return on equity of 9.85%. Research analysts anticipate that National Bank will post 3.35 earnings per share for the current fiscal year.

National Bank Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 2.70%. The ex-dividend date of this dividend is Friday, February 28th. National Bank’s dividend payout ratio (DPR) is presently 37.54%.

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.