National Bank Holdings Corporation (NYSE:NBHC) Receives Consensus Recommendation of “Hold” from Brokerages

National Bank Holdings Corporation (NYSE:NBHC) has received a consensus recommendation of “Hold” from the five research firms that are presently covering the stock, MarketBeat reports. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $46.00.

NBHC has been the topic of a number of recent research reports. Wall Street Zen lowered National Bank from a “hold” rating to a “sell” rating in a report on Friday, May 2nd. Hovde Group dropped their price objective on National Bank from $43.00 to $39.00 and set a “market perform” rating on the stock in a research note on Thursday, April 24th. Finally, 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 research note on Wednesday, April 23rd.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. CWM LLC grew its position in shares of National Bank by 158.4% in the first quarter. CWM LLC now owns 783 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 480 shares in the last quarter. Quarry LP boosted its stake in National Bank by 503.1% in the 4th quarter. Quarry LP now owns 971 shares of the financial services provider’s stock worth $42,000 after purchasing an additional 810 shares during the period. Sterling Capital Management LLC grew its holdings in National Bank by 815.5% during the 4th quarter. Sterling Capital Management LLC now owns 1,181 shares of the financial services provider’s stock valued at $51,000 after buying an additional 1,052 shares in the last quarter. Aquatic Capital Management LLC bought a new stake in shares of National Bank during the fourth quarter valued at about $174,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of National Bank in the first quarter worth about $217,000. Institutional investors own 92.65% of the company’s stock.

National Bank Stock Performance

NYSE:NBHC opened at $37.61 on Friday. The company has a market capitalization of $1.43 billion, a PE ratio of 12.97 and a beta of 0.77. National Bank has a fifty-two week low of $32.83 and a fifty-two week high of $51.76. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.92 and a current ratio of 0.93. The company has a 50 day simple moving average of $36.65 and a two-hundred day simple moving average of $39.60.

National Bank (NYSE:NBHC) last announced its quarterly earnings results on Tuesday, April 22nd. The financial services provider reported $0.63 earnings per share for the quarter, missing the consensus estimate of $0.76 by ($0.13). The business had revenue of $102.07 million during the quarter, compared to the consensus estimate of $107.47 million. National Bank had a net margin of 18.75% and a return on equity of 9.02%. During the same period in the previous year, the business posted $0.82 EPS. Research analysts anticipate that National Bank will post 3.31 earnings per share for the current year.

National Bank Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 30th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 3.19%. The ex-dividend date was Friday, May 30th. This is an increase from National Bank’s previous quarterly dividend of $0.29. National Bank’s dividend payout ratio (DPR) is 41.38%.

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.