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

National Bank Holdings Co. (NYSE:NBHC) has earned a consensus recommendation of “Hold” from the five research firms that are covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $49.20.

NBHC has been the topic of several analyst reports. Hovde Group lifted their price objective on National Bank from $50.00 to $51.00 and gave the stock an “outperform” rating in a report on Monday, October 28th. Piper Sandler lifted their price target on National Bank from $44.00 to $48.00 and gave the stock a “neutral” rating in a research note on Thursday, October 24th. Keefe, Bruyette & Woods increased their price objective on National Bank from $39.00 to $45.00 and gave the company a “market perform” rating in a research note on Monday, July 29th. Stephens lifted their target price on shares of National Bank from $46.00 to $49.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 24th. Finally, StockNews.com cut shares of National Bank from a “hold” rating to a “sell” rating in a research report on Wednesday, July 24th.

National Bank Stock Performance

NYSE:NBHC opened at $48.57 on Friday. The company has a market capitalization of $1.84 billion, a price-to-earnings ratio of 15.04 and a beta of 0.84. The business has a 50 day moving average of $43.32 and a 200 day moving average of $40.49. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.92 and a quick ratio of 0.92. National Bank has a 1-year low of $32.13 and a 1-year high of $51.76.

National Bank (NYSE:NBHC) last announced its quarterly earnings data on Tuesday, October 22nd. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.76 by $0.10. The company had revenue of $156.39 million during the quarter, compared to analysts’ expectations of $102.32 million. National Bank had a net margin of 20.52% and a return on equity of 9.93%. During the same quarter in the prior year, the company earned $0.94 EPS. On average, sell-side analysts predict that National Bank will post 3.18 earnings per share for the current fiscal year.

National Bank Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be paid a $0.29 dividend. This is a positive change from National Bank’s previous quarterly dividend of $0.28. The ex-dividend date is Friday, November 29th. This represents a $1.16 dividend on an annualized basis and a yield of 2.39%. National Bank’s dividend payout ratio (DPR) is presently 34.67%.

Insider Buying and Selling at National Bank

In other National Bank news, CEO G. Timothy Laney sold 16,063 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $43.34, for a total transaction of $696,170.42. Following the transaction, the chief executive officer now owns 256,026 shares in the company, valued at approximately $11,096,166.84. This represents a 5.90 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Valerie D. Kramer sold 897 shares of the stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $50.11, for a total value of $44,948.67. Following the completion of the transaction, the insider now directly owns 9,755 shares of the company’s stock, valued at $488,823.05. This represents a 8.42 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 36,138 shares of company stock valued at $1,581,587. 3.10% of the stock is currently owned by company insiders.

Institutional Trading of National Bank

A number of hedge funds have recently modified their holdings of the business. 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 valued at $7,211,000 after acquiring an additional 176,375 shares during the period. Westwood Holdings Group Inc. lifted its holdings in shares of National Bank by 2.1% during the first quarter. Westwood Holdings Group Inc. now owns 935,119 shares of the financial services provider’s stock valued at $33,730,000 after purchasing an additional 19,016 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of National Bank by 9.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,950,210 shares of the financial services provider’s stock worth $76,152,000 after purchasing an additional 167,711 shares in the last quarter. Russell Investments Group Ltd. grew its stake in shares of 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 buying an additional 223,505 shares during the last quarter. Finally, Natixis Advisors LLC increased its position in National Bank by 99.2% during the 2nd quarter. Natixis Advisors LLC now owns 29,816 shares of the financial services provider’s stock valued at $1,164,000 after buying an additional 14,850 shares in the last quarter. Institutional investors own 92.65% of the company’s stock.

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.