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

National Bank Holdings Co. (NYSE:NBHC) has been assigned an average recommendation of “Hold” from the five brokerages that are presently covering the stock, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $51.40.

NBHC has been the topic of several research analyst reports. DA Davidson upped their price objective on National Bank from $51.00 to $53.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Keefe, Bruyette & Woods lifted their price objective on National Bank from $47.00 to $52.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. Stephens upped their price objective on shares of National Bank from $46.00 to $49.00 and gave the company an “equal weight” rating in a report on Thursday, October 24th. Hovde Group downgraded shares of National Bank from an “outperform” rating to a “market perform” rating and set a $55.00 target price for the company. in a research note on Monday, November 18th. Finally, Piper Sandler upped their price target 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 Buying and Selling

In other National Bank news, insider Richard U. Jr. Newfield sold 19,259 shares of the firm’s stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $49.81, for a total value of $959,290.79. Following the sale, the insider now owns 143,210 shares of the company’s stock, valued at $7,133,290.10. This trade represents a 11.85 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Valerie D. Kramer sold 897 shares of the business’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $50.11, for a total value of $44,948.67. Following the transaction, the insider now directly owns 9,755 shares of the company’s stock, valued at $488,823.05. The trade was a 8.42 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 21,431 shares of company stock valued at $1,067,505. Company insiders own 3.30% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in National Bank by 24.7% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,879 shares of the financial services provider’s stock worth $386,000 after purchasing an additional 1,955 shares during the last quarter. Natixis Advisors LLC grew its position in National Bank by 99.2% during the second quarter. Natixis Advisors LLC now owns 29,816 shares of the financial services provider’s stock valued at $1,164,000 after acquiring an additional 14,850 shares during the last quarter. Rhumbline Advisers raised its stake in shares of National Bank by 0.4% during the second quarter. Rhumbline Advisers now owns 126,304 shares of the financial services provider’s stock worth $4,932,000 after acquiring an additional 492 shares in the last quarter. Victory Capital Management Inc. boosted its stake in shares of National Bank by 12,407.1% in the 2nd 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 in the last quarter. Finally, Choreo LLC bought a new position in shares of National Bank during the 2nd quarter valued at $209,000. 92.65% of the stock is currently owned by hedge funds and other institutional investors.

National Bank Trading Down 2.8 %

Shares of National Bank stock opened at $41.62 on Friday. The stock has a fifty day moving average price of $46.01 and a 200-day moving average price of $43.24. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.92 and a quick ratio of 0.92. The firm has a market cap of $1.58 billion, a PE ratio of 12.89 and a beta of 0.86. 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 EPS for the quarter, topping the consensus estimate of $0.76 by $0.10. National Bank had a net margin of 20.52% and a return on equity of 9.93%. The business had revenue of $156.39 million for the quarter, compared to analyst estimates of $102.32 million. During the same quarter in the previous year, the firm posted $0.94 earnings per share. Equities research analysts anticipate that National Bank will post 3.18 EPS for the current year.

National Bank Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were paid a dividend of $0.29 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $1.16 annualized dividend and a yield of 2.79%. This is a boost from National Bank’s previous quarterly dividend of $0.28. National Bank’s payout ratio is currently 35.91%.

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.