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

Shares of National Bank Holdings Corporation (NYSE:NBHC) have been assigned a consensus recommendation of “Moderate Buy” from the seven analysts that are covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating and five have assigned a 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 $46.20.

Several equities analysts have commented on the company. Wall Street Zen raised National Bank from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. DA Davidson reaffirmed a “buy” rating and issued a $46.00 target price on shares of National Bank in a research report on Wednesday, April 22nd. Weiss Ratings upgraded shares of National Bank from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, June 24th. Finally, Piper Sandler lifted their price target on shares of National Bank from $48.00 to $52.00 and gave the company an “overweight” rating in a research report on Monday, April 27th.

National Bank Stock Down 0.1%

NBHC stock opened at $44.31 on Wednesday. National Bank has a fifty-two week low of $35.06 and a fifty-two week high of $45.63. The business’s 50 day moving average price is $42.73 and its two-hundred day moving average price is $41.11. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.95 and a current ratio of 0.95. The company has a market capitalization of $1.98 billion, a price-to-earnings ratio of 16.54 and a beta of 0.78.

National Bank (NYSE:NBHC) last released its earnings results on Tuesday, April 21st. The financial services provider reported $0.72 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.07. National Bank had a return on equity of 8.72% and a net margin of 17.14%.The company had revenue of $126.78 million during the quarter, compared to analysts’ expectations of $129.30 million. During the same quarter last year, the business posted $0.63 EPS. The firm’s revenue for the quarter was up 37.8% compared to the same quarter last year. As a group, analysts forecast that National Bank will post 3.51 earnings per share for the current fiscal year.

National Bank Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, May 29th were issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 2.9%. The ex-dividend date was Friday, May 29th. National Bank’s dividend payout ratio (DPR) is presently 47.76%.

Institutional Trading of National Bank

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Endeavour Capital Advisors Inc. bought a new stake in National Bank in the fourth quarter worth $6,659,000. Deprince Race & Zollo Inc. grew its stake in shares of National Bank by 215.4% in the fourth quarter. Deprince Race & Zollo Inc. now owns 1,162,432 shares of the financial services provider’s stock worth $44,184,000 after acquiring an additional 793,902 shares during the last quarter. SG Americas Securities LLC increased its holdings in shares of National Bank by 87.5% during the fourth quarter. SG Americas Securities LLC now owns 54,765 shares of the financial services provider’s stock valued at $2,082,000 after acquiring an additional 25,554 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of National Bank by 62.1% during the third quarter. JPMorgan Chase & Co. now owns 231,916 shares of the financial services provider’s stock valued at $8,961,000 after acquiring an additional 88,876 shares in the last quarter. Finally, Tudor Investment Corp ET AL raised its position in shares of National Bank by 87.6% in the 3rd quarter. Tudor Investment Corp ET AL now owns 210,330 shares of the financial services provider’s stock worth $8,127,000 after purchasing an additional 98,229 shares during the last quarter. Hedge funds and other institutional investors own 92.65% of the company’s stock.

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.