National Bank Holdings Co. (NYSE:NBHC) Given Consensus Rating of “Hold” by Analysts

Shares of National Bank Holdings Co. (NYSE:NBHC) have earned an average rating of “Hold” from the five brokerages that are covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $49.00.

NBHC has been the topic of several recent analyst reports. Piper Sandler lifted their price objective on shares of National Bank from $44.00 to $48.00 and gave the stock a “neutral” rating in a research note on Thursday. StockNews.com cut shares of National Bank from a “hold” rating to a “sell” rating in a research report on Wednesday, July 24th. Keefe, Bruyette & Woods upped their price objective on shares of National Bank from $39.00 to $45.00 and gave the company a “market perform” rating in a research report on Monday, July 29th. Hovde Group boosted their target price on National Bank from $42.00 to $50.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. Finally, Stephens raised their price target on National Bank from $46.00 to $49.00 and gave the stock an “equal weight” rating in a research report on Thursday.

National Bank Stock Performance

Shares of National Bank stock opened at $44.40 on Monday. The firm has a fifty day moving average of $42.20 and a two-hundred day moving average of $39.24. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.93 and a current ratio of 0.93. The stock has a market capitalization of $1.68 billion, a price-to-earnings ratio of 13.75 and a beta of 0.85. National Bank has a 52 week low of $29.86 and a 52 week high of $46.51.

National Bank (NYSE:NBHC) last released its earnings results on Tuesday, October 22nd. The financial services provider reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.10. The firm had revenue of $156.39 million for the quarter, compared to analyst estimates of $102.32 million. National Bank had a return on equity of 10.06% and a net margin of 20.52%. During the same quarter in the prior year, the firm posted $0.94 earnings per share. As a group, equities research analysts predict that National Bank will post 3.03 EPS for the current year.

National Bank Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be paid a $0.29 dividend. This is an increase from National Bank’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.16 annualized dividend and a dividend yield of 2.61%. National Bank’s dividend payout ratio (DPR) is currently 34.67%.

Insider Transactions at National Bank

In related news, insider Valerie D. Kramer sold 725 shares of National Bank stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $40.17, for a total value of $29,123.25. Following the sale, the insider now owns 10,398 shares of the company’s stock, valued at approximately $417,687.66. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider Valerie D. Kramer sold 725 shares of the firm’s stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $40.17, for a total value of $29,123.25. Following the completion of the transaction, the insider now owns 10,398 shares of the company’s stock, valued at approximately $417,687.66. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Christopher S. Randall sold 3,750 shares of the business’s 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 sale, the executive vice president now directly owns 14,365 shares in the company, valued at $625,021.15. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 34,691 shares of company stock valued at $1,502,496 over the last three months. Company insiders own 3.10% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. grew its stake in shares of National Bank by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 4,220,345 shares of the financial services provider’s stock valued at $156,955,000 after buying an additional 25,349 shares in the last quarter. Boston Partners increased its stake in shares of 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 purchasing an additional 176,375 shares during the last quarter. Westwood Holdings Group Inc. raised its holdings in shares of National Bank by 2.1% in the 1st 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 period. Dimensional Fund Advisors LP lifted its stake in 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 valued at $76,152,000 after purchasing an additional 167,711 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its holdings in National Bank by 87.6% during the first quarter. Russell Investments Group Ltd. now owns 478,748 shares of the financial services provider’s stock worth $17,268,000 after purchasing an additional 223,505 shares during the period. 92.65% of the stock is currently owned by institutional investors.

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.