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

Shares of National Bank Holdings Co. (NYSE:NBHC) have been given a consensus rating of “Hold” by the five analysts that are covering the stock, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and one has 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 $46.00.

Several research analysts recently issued reports on NBHC shares. DA Davidson reduced their target price on shares of National Bank from $46.00 to $42.00 and set a “buy” rating for the company in a report on Wednesday, April 23rd. Hovde Group reduced their price target on shares of National Bank from $43.00 to $39.00 and set a “market perform” rating for the company in a research report on Thursday, April 24th. Finally, Wall Street Zen cut National Bank from a “hold” rating to a “sell” rating in a report on Friday, May 2nd.

National Bank Trading Down 0.5%

NBHC opened at $35.97 on Tuesday. National Bank has a one year low of $32.83 and a one year high of $51.76. The stock’s 50 day moving average price is $36.34 and its 200-day moving average price is $40.89. The stock has a market cap of $1.37 billion, a price-to-earnings ratio of 11.64 and a beta of 0.77. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.94 and a current ratio of 0.95.

National Bank (NYSE:NBHC) last issued its quarterly earnings data on Tuesday, April 22nd. The financial services provider reported $0.63 earnings per share for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.13). National Bank had a net margin of 19.82% and a return on equity of 9.76%. The company had revenue of $102.07 million for the quarter, compared to the consensus estimate of $107.47 million. During the same period in the previous year, the business earned $0.82 EPS. On average, equities analysts forecast that National Bank will post 3.31 EPS for the current year.

National Bank Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 3.34%. The ex-dividend date of this dividend is Friday, May 30th. This is a boost from National Bank’s previous quarterly dividend of $0.29. National Bank’s dividend payout ratio (DPR) is currently 41.38%.

Institutional Trading of National Bank

A number of large investors have recently made changes to their positions in the company. Amundi lifted its position in shares of National Bank by 197.3% during the 4th quarter. Amundi now owns 19,278 shares of the financial services provider’s stock worth $826,000 after buying an additional 12,793 shares during the last quarter. Bank of Montreal Can increased its stake in shares of National Bank by 6.8% during the fourth quarter. Bank of Montreal Can now owns 7,098 shares of the financial services provider’s stock worth $306,000 after acquiring an additional 455 shares during the period. Invesco Ltd. lifted its holdings in shares of National Bank by 36.8% in the 4th quarter. Invesco Ltd. now owns 231,403 shares of the financial services provider’s stock valued at $9,964,000 after buying an additional 62,225 shares during the period. Barclays PLC increased its holdings in shares of National Bank by 91.9% in the 3rd quarter. Barclays PLC now owns 103,076 shares of the financial services provider’s stock valued at $4,340,000 after purchasing an additional 49,359 shares in the last quarter. Finally, Deutsche Bank AG lifted its stake in shares of National Bank by 60.4% in the fourth quarter. Deutsche Bank AG now owns 30,067 shares of the financial services provider’s stock valued at $1,295,000 after purchasing an additional 11,318 shares during the period. 92.65% of the stock is currently owned by hedge funds and other 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.