National Bank Holdings Corporation (NYSE:NBHC) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of National Bank Holdings Corporation (NYSE:NBHC) have been given a consensus recommendation of “Moderate Buy” by the six analysts that are covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $44.50.

A number of research firms recently weighed in on NBHC. Stephens raised National Bank from an “equal weight” rating to an “overweight” rating and set a $42.00 target price on the stock in a report on Monday, November 10th. Weiss Ratings reiterated a “hold (c)” rating on shares of National Bank in a report on Wednesday, October 8th. Keefe, Bruyette & Woods increased their price objective on shares of National Bank from $44.00 to $45.00 and gave the company a “market perform” rating in a research report on Wednesday, September 17th. Hovde Group raised shares of National Bank from a “market perform” rating to an “outperform” rating and set a $46.00 target price for the company in a report on Thursday, September 18th. Finally, Zacks Research upgraded shares of National Bank from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 1st.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NBHC. Wealth Enhancement Advisory Services LLC acquired a new position in National Bank during the second quarter worth about $289,000. Harbor Capital Advisors Inc. boosted its stake in shares of National Bank by 5.9% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 14,551 shares of the financial services provider’s stock valued at $547,000 after purchasing an additional 805 shares in the last quarter. Jacobs Levy Equity Management Inc. bought a new stake in shares of National Bank during the 1st quarter valued at approximately $536,000. First Citizens Bank & Trust Co. acquired a new position in National Bank during the 2nd quarter worth approximately $413,000. Finally, Endeavour Capital Advisors Inc. bought a new position in National Bank in the 2nd quarter valued at approximately $1,568,000. 92.65% of the stock is owned by institutional investors and hedge funds.

National Bank Trading Down 1.1%

Shares of NYSE:NBHC opened at $39.63 on Friday. National Bank has a 52-week low of $32.83 and a 52-week high of $44.92. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.93 and a current ratio of 0.93. The company has a market capitalization of $1.50 billion, a P/E ratio of 12.54 and a beta of 0.81. The company has a 50-day simple moving average of $37.45 and a 200 day simple moving average of $38.00.

National Bank (NYSE:NBHC) last announced its quarterly earnings results on Thursday, August 14th. The financial services provider reported $0.63 earnings per share for the quarter. National Bank had a return on equity of 9.56% and a net margin of 20.50%.The firm had revenue of $102.07 million for the quarter. Sell-side analysts forecast that National Bank will post 3.31 earnings per share for the current year.

National Bank Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Friday, November 28th were paid a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.1%. This is an increase from National Bank’s previous quarterly dividend of ($0.30). The ex-dividend date was Friday, November 28th. National Bank’s dividend payout ratio is 39.24%.

About National Bank

National Bank Holdings Corporation (NYSE: NBHC) is a diversified financial services holding company headquartered in Cape Girardeau, Missouri. Through its network of community bank subsidiaries, the company provides deposit, lending and payment solutions to consumer, small business and commercial clients across multiple U.S. markets.

Since its founding in 1992, National Bank Holdings has pursued a growth strategy focused on acquiring and integrating locally branded community banks. Its footprint spans the Midwest and Southern United States, including Missouri, Kansas, Oklahoma, Texas, Colorado, Illinois and Tennessee.