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

National Bank Holdings Corporation (NYSE:NBHC) has been assigned an average rating of “Moderate Buy” from the six ratings firms that are presently covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $44.50.

Several equities research analysts recently commented on NBHC shares. Stephens raised National Bank from an “equal weight” rating to an “overweight” rating and set a $42.00 target price for the company in a research note on Monday, November 10th. Hovde Group raised shares of National Bank from a “market perform” rating to an “outperform” rating and set a $46.00 price objective for the company in a research report on Thursday, September 18th. Keefe, Bruyette & Woods boosted their target price 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. Weiss Ratings reissued a “hold (c)” rating on shares of National Bank in a research note on Wednesday, October 8th. Finally, Zacks Research upgraded shares of National Bank from a “strong sell” rating to a “hold” rating in a report on Monday, December 22nd.

National Bank Price Performance

NYSE:NBHC opened at $39.38 on Wednesday. National Bank has a 12-month low of $32.83 and a 12-month high of $44.92. The firm has a market capitalization of $1.49 billion, a price-to-earnings ratio of 12.46 and a beta of 0.81. The stock’s 50 day moving average price is $38.24 and its two-hundred day moving average price is $38.30. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.04.

National Bank (NYSE:NBHC) last released its quarterly earnings data on Tuesday, October 21st. The financial services provider reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.06. National Bank had a return on equity of 9.56% and a net margin of 20.50%.The company had revenue of $108.89 million for the quarter, compared to the consensus estimate of $107.56 million. During the same quarter last year, the business posted $0.86 EPS. National Bank’s revenue for the quarter was up 6.2% on a year-over-year basis. On average, analysts anticipate that National Bank will post 3.31 earnings per share for the current year.

National Bank Increases Dividend

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

Hedge Funds Weigh In On National Bank

Several large investors have recently bought and sold shares of NBHC. Wealth Enhancement Advisory Services LLC bought a new stake in National Bank during the second quarter valued at $289,000. Harbor Capital Advisors Inc. raised its holdings 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 acquiring an additional 805 shares in the last quarter. Deprince Race & Zollo Inc. bought a new stake in shares of National Bank during the 3rd quarter valued at about $14,240,000. Assenagon Asset Management S.A. bought a new stake in shares of National Bank during the 3rd quarter valued at about $25,869,000. Finally, First Citizens Bank & Trust Co. purchased a new position in shares of National Bank during the second quarter worth about $413,000. 92.65% of the stock is currently owned by institutional investors.

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.