National Bank Holdings Co. (NYSE:NBHC) Receives Consensus Recommendation of “Hold” from Analysts

Shares of National Bank Holdings Co. (NYSE:NBHC) have received a consensus rating of “Hold” from the five research firms that are currently covering the company, MarketBeat.com reports. Four research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $51.40.

Several analysts have issued reports on the company. DA Davidson boosted their price target on National Bank from $51.00 to $53.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Stephens boosted their price objective on National Bank from $46.00 to $49.00 and gave the company an “equal weight” rating in a research report on Thursday, October 24th. Piper Sandler boosted their price target on National Bank from $44.00 to $48.00 and gave the stock a “neutral” rating in a report on Thursday, October 24th. Keefe, Bruyette & Woods upped their target price on shares of National Bank from $47.00 to $52.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. Finally, Hovde Group cut National Bank from an “outperform” rating to a “market perform” rating and set a $55.00 target price on the stock. in a report on Monday, November 18th.

National Bank Price Performance

NYSE NBHC opened at $46.62 on Tuesday. The stock has a market capitalization of $1.77 billion, a price-to-earnings ratio of 14.43 and a beta of 0.84. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.92 and a quick ratio of 0.92. National Bank has a 1-year low of $32.13 and a 1-year high of $51.76. The business’s fifty day moving average price is $45.59 and its 200-day moving average price is $42.12.

National Bank (NYSE:NBHC) last posted its quarterly earnings data on Tuesday, October 22nd. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.76 by $0.10. The company had revenue of $156.39 million for the quarter, compared to the consensus estimate of $102.32 million. National Bank had a net margin of 20.52% and a return on equity of 9.93%. During the same quarter last year, the firm posted $0.94 earnings per share. On average, equities analysts predict that National Bank will post 3.18 earnings per share for the current year.

National Bank Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 2.49%. The ex-dividend date is Friday, November 29th. This is a positive change from National Bank’s previous quarterly dividend of $0.28. National Bank’s dividend payout ratio is presently 35.91%.

Insider Buying and Selling at National Bank

In related news, insider Valerie D. Kramer sold 897 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $50.11, for a total transaction of $44,948.67. Following the completion of the sale, the insider now directly owns 9,755 shares of the company’s stock, valued at approximately $488,823.05. This trade represents a 8.42 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Richard U. Jr. Newfield sold 19,259 shares of the company’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $49.81, for a total value of $959,290.79. Following the completion of the transaction, the insider now directly owns 143,210 shares in the company, valued at $7,133,290.10. This trade represents a 11.85 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 21,431 shares of company stock worth $1,067,505 over the last quarter. Insiders own 3.30% of the company’s stock.

Institutional Trading of National Bank

Several institutional investors and hedge funds have recently modified their holdings of NBHC. Geode Capital Management LLC lifted its holdings in shares of National Bank by 1.1% in the 3rd quarter. Geode Capital Management LLC now owns 861,483 shares of the financial services provider’s stock worth $36,276,000 after buying an additional 9,723 shares during the period. Barclays PLC boosted its position in National Bank by 91.9% during the 3rd quarter. Barclays PLC now owns 103,076 shares of the financial services provider’s stock valued at $4,340,000 after acquiring an additional 49,359 shares in the last quarter. Public Employees Retirement System of Ohio lifted its stake in shares of National Bank by 22.7% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 59,898 shares of the financial services provider’s stock worth $2,522,000 after purchasing an additional 11,070 shares during the last quarter. State Street Corp raised its holdings in National Bank by 7.6% in the third quarter. State Street Corp now owns 1,799,224 shares of the financial services provider’s stock worth $75,747,000 after purchasing an additional 126,796 shares in the last quarter. Finally, Systematic Financial Management LP purchased a new position in shares of National Bank in the 3rd quarter worth approximately $756,000. Institutional investors own 92.65% of the company’s stock.

About National Bank

National Bank Holdings Corporation operates as the bank holding company for NBH Bank that provides various banking products and financial services to commercial, business, and consumer clients in the United States. It offers deposit products, including checking, savings, money market, and other deposit accounts, including fixed-rate and fixed maturity time deposits.