National Bank Holdings (NBHC) Receives Consensus Rating of “Hold” from Analysts

National Bank Holdings (NYSE:NBHC) has earned an average recommendation of “Hold” from the eight brokerages that are presently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $35.83.

Several equities research analysts have recently issued reports on the stock. Zacks Investment Research downgraded shares of National Bank from a “hold” rating to a “sell” rating in a research report on Tuesday, April 3rd. DA Davidson raised shares of National Bank from a “neutral” rating to a “buy” rating and raised their target price for the company from $36.00 to $38.00 in a research report on Tuesday, March 27th. Hovde Group set a $35.00 target price on shares of National Bank and gave the company a “hold” rating in a research report on Wednesday, January 3rd. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $37.00 target price on shares of National Bank in a research report on Friday, December 22nd.

Shares of NBHC stock opened at $33.13 on Thursday. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.24. National Bank has a 12-month low of $30.10 and a 12-month high of $37.08. The firm has a market cap of $1,013.03, a PE ratio of 26.29, a P/E/G ratio of 1.78 and a beta of 0.69.



National Bank (NYSE:NBHC) last issued its quarterly earnings data on Thursday, January 25th. The financial services provider reported $0.36 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.33 by $0.03. National Bank had a net margin of 7.16% and a return on equity of 6.39%. The company had revenue of $45.80 million during the quarter, compared to the consensus estimate of $47.87 million. During the same quarter in the prior year, the firm earned $0.36 earnings per share. research analysts anticipate that National Bank will post 1.88 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 15th. Investors of record on Friday, February 23rd were given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 1.09%. The ex-dividend date of this dividend was Thursday, February 22nd. National Bank’s dividend payout ratio (DPR) is currently 28.57%.

In other National Bank news, Director Burney S. Warren III sold 3,841 shares of the stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $34.00, for a total value of $130,594.00. Following the completion of the sale, the director now owns 20,542 shares in the company, valued at $698,428. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Richard U. Jr. Newfield sold 25,000 shares of the stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $33.20, for a total transaction of $830,000.00. Following the completion of the sale, the insider now owns 127,507 shares of the company’s stock, valued at approximately $4,233,232.40. The disclosure for this sale can be found here. In the last ninety days, insiders sold 257,968 shares of company stock valued at $8,664,085. 7.60% of the stock is owned by insiders.

Hedge funds have recently made changes to their positions in the business. BlackRock Inc. lifted its stake in National Bank by 1.3% in the fourth quarter. BlackRock Inc. now owns 3,436,780 shares of the financial services provider’s stock valued at $111,454,000 after acquiring an additional 43,591 shares during the last quarter. Macquarie Group Ltd. acquired a new stake in National Bank in the third quarter valued at $410,000. Dimensional Fund Advisors LP lifted its stake in National Bank by 0.4% in the third quarter. Dimensional Fund Advisors LP now owns 2,258,619 shares of the financial services provider’s stock valued at $80,610,000 after acquiring an additional 8,075 shares during the last quarter. Kennedy Capital Management Inc. acquired a new stake in National Bank in the fourth quarter valued at $1,464,000. Finally, Arizona State Retirement System lifted its stake in National Bank by 223.0% in the fourth quarter. Arizona State Retirement System now owns 44,903 shares of the financial services provider’s stock valued at $1,456,000 after acquiring an additional 31,003 shares during the last quarter. Hedge funds and other institutional investors own 85.05% of the company’s stock.

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About National Bank

National Bank Holdings Corporation operates as the bank holding company for NBH Bank, N.A. that provides various banking products and financial services to commercial, business, and consumer clients in the United States. The company offers deposit products, including checking accounts, savings accounts, money market accounts, and other deposit accounts, including fixed-rate and fixed maturity time deposits.

Analyst Recommendations for National Bank (NYSE:NBHC)

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