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

Shares of National Bank Holdings Corporation (NYSE:NBHC) have been assigned an average rating of “Moderate Buy” from the seven research firms that are covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $46.20.

Several research firms have weighed in on NBHC. DA Davidson reiterated a “buy” rating and set a $46.00 price objective on shares of National Bank in a research report on Wednesday, April 22nd. Piper Sandler increased their price objective on National Bank from $48.00 to $52.00 and gave the stock an “overweight” rating in a research report on Monday, April 27th. Wall Street Zen upgraded National Bank from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Finally, Weiss Ratings cut National Bank from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, June 5th.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of NBHC. Aster Capital Management DIFC Ltd increased its position in shares of National Bank by 650.9% in the third quarter. Aster Capital Management DIFC Ltd now owns 796 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 690 shares during the period. Meeder Asset Management Inc. bought a new position in shares of National Bank in the fourth quarter worth $48,000. Global Retirement Partners LLC bought a new position in shares of National Bank in the fourth quarter worth $66,000. State of Wyoming bought a new position in shares of National Bank in the fourth quarter worth $69,000. Finally, Quarry LP increased its position in shares of National Bank by 50.8% in the third quarter. Quarry LP now owns 1,819 shares of the financial services provider’s stock worth $70,000 after purchasing an additional 613 shares during the period. Institutional investors own 92.65% of the company’s stock.

National Bank Stock Up 2.1%

NBHC stock opened at $43.80 on Friday. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.95 and a quick ratio of 0.95. The stock has a market capitalization of $1.96 billion, a price-to-earnings ratio of 16.34 and a beta of 0.78. The business’s fifty day moving average price is $41.90 and its two-hundred day moving average price is $40.46. National Bank has a fifty-two week low of $35.06 and a fifty-two week high of $44.02.

National Bank (NYSE:NBHC) last posted its quarterly earnings data on Tuesday, April 21st. The financial services provider reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.07. The firm had revenue of $126.78 million for the quarter, compared to analysts’ expectations of $129.30 million. National Bank had a return on equity of 8.72% and a net margin of 17.14%.The company’s quarterly revenue was up 37.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.63 EPS. On average, equities analysts anticipate that National Bank will post 3.51 earnings per share for the current year.

National Bank Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 29th will be given a $0.32 dividend. The ex-dividend date is Friday, May 29th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.9%. National Bank’s dividend payout ratio (DPR) is presently 47.76%.

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.