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

National Bank Holdings Corporation (NYSE:NBHC) has received a consensus rating of “Moderate Buy” from the seven research firms that are presently covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $45.80.

A number of equities analysts recently weighed in on the company. Piper Sandler assumed coverage on National Bank in a report on Wednesday, March 25th. They set an “overweight” rating and a $48.00 price objective on the stock. DA Davidson reaffirmed a “buy” rating and issued a $48.00 target price on shares of National Bank in a research note on Thursday, February 19th. Wall Street Zen cut shares of National Bank from a “hold” rating to a “sell” rating in a research report on Saturday, January 31st. Weiss Ratings reissued a “hold (c)” rating on shares of National Bank in a research note on Thursday, January 22nd. Finally, Zacks Research upgraded shares of National Bank from a “strong sell” rating to a “hold” rating in a report on Monday, December 22nd.

Insiders Place Their Bets

In other National Bank news, insider John Steinmetz purchased 24,200 shares of the business’s stock in a transaction on Wednesday, February 11th. The stock was acquired at an average cost of $41.41 per share, for a total transaction of $1,002,122.00. Following the completion of the transaction, the insider directly owned 536,504 shares in the company, valued at approximately $22,216,630.64. This represents a 4.72% increase in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 2.90% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Deprince Race & Zollo Inc. lifted its stake in shares of National Bank by 215.4% in the 4th quarter. Deprince Race & Zollo Inc. now owns 1,162,432 shares of the financial services provider’s stock valued at $44,184,000 after acquiring an additional 793,902 shares during the last quarter. Assenagon Asset Management S.A. bought a new position in National Bank during the 3rd quarter worth approximately $25,869,000. AQR Capital Management LLC increased its stake in National Bank by 138.9% in the 4th quarter. AQR Capital Management LLC now owns 430,078 shares of the financial services provider’s stock worth $16,347,000 after purchasing an additional 250,088 shares during the period. Russell Investments Group Ltd. increased its stake in National Bank by 143.3% in the 4th quarter. Russell Investments Group Ltd. now owns 405,164 shares of the financial services provider’s stock worth $15,400,000 after purchasing an additional 238,642 shares during the period. Finally, Millennium Management LLC lifted its position in National Bank by 2,057.9% in the first quarter. Millennium Management LLC now owns 199,453 shares of the financial services provider’s stock valued at $7,633,000 after purchasing an additional 190,210 shares during the last quarter. Hedge funds and other institutional investors own 92.65% of the company’s stock.

National Bank Stock Up 0.1%

NBHC opened at $37.98 on Monday. The business’s fifty day simple moving average is $40.28 and its 200 day simple moving average is $38.90. National Bank has a 52 week low of $32.83 and a 52 week high of $42.99. The company has a quick ratio of 0.93, a current ratio of 0.94 and a debt-to-equity ratio of 0.04. The stock has a market cap of $1.71 billion, a PE ratio of 13.33 and a beta of 0.79.

National Bank (NYSE:NBHC) last issued its quarterly earnings results on Tuesday, January 27th. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.87 by ($0.27). National Bank had a return on equity of 8.65% and a net margin of 18.66%.The firm had revenue of $99.08 million for the quarter, compared to the consensus estimate of $107.48 million. During the same period last year, the firm earned $0.86 EPS. As a group, research analysts expect that National Bank will post 3.31 earnings per share for the current fiscal year.

National Bank Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 13th. Investors of record on Friday, February 27th were given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date was Friday, February 27th. This is a boost from National Bank’s previous quarterly dividend of $0.31. National Bank’s dividend payout ratio is 44.91%.

National Bank Company Profile

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.