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

National Bank Holdings Co. (NYSE:NBHC) 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.

Insider Activity at National Bank

In other National Bank news, EVP Christopher S. Randall sold 3,750 shares of National Bank stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $43.51, for a total transaction of $163,162.50. Following the transaction, the executive vice president now owns 14,365 shares of the company’s stock, valued at $625,021.15. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, EVP Christopher S. Randall sold 3,750 shares of the business’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $43.51, for a total transaction of $163,162.50. Following the transaction, the executive vice president now directly owns 14,365 shares in the company, valued at $625,021.15. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO G. Timothy Laney sold 49,763 shares of the business’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $42.64, for a total value of $2,121,894.32. Following the completion of the transaction, the chief executive officer now owns 272,126 shares in the company, valued at $11,603,452.64. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 103,192 shares of company stock valued at $4,431,998. Company insiders own 3.10% of the company’s stock.

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) 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.