National Bank Holdings Co. (NYSE:NBHC) Receives $51.40 Average Price Target from Brokerages

National Bank Holdings Co. (NYSE:NBHC) has been assigned an average rating of “Hold” from the five brokerages that are covering the company, Marketbeat.com reports. Four investment 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 brokers that have updated their coverage on the stock in the last year is $51.40.

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

Insider Transactions at National Bank

In other National Bank news, insider Richard U. Jr. Newfield sold 19,259 shares of the company’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $49.81, for a total value of $959,290.79. Following the transaction, the insider now owns 143,210 shares of the company’s stock, valued at approximately $7,133,290.10. This represents a 11.85 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Valerie D. Kramer sold 1,275 shares of the firm’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $49.62, for a total transaction of $63,265.50. Following the completion of the transaction, the insider now owns 10,652 shares of the company’s stock, valued at approximately $528,552.24. The trade was a 10.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 21,431 shares of company stock worth $1,067,505. 3.10% of the stock is currently owned by company insiders.

Institutional Trading of National Bank

Several institutional investors have recently made changes to their positions in NBHC. Victory Capital Management Inc. lifted its holdings in shares of National Bank by 56.0% during the 3rd quarter. Victory Capital Management Inc. now owns 2,846,741 shares of the financial services provider’s stock valued at $119,848,000 after buying an additional 1,021,829 shares during the last quarter. Dimensional Fund Advisors LP grew its position in National Bank by 9.4% in the second quarter. Dimensional Fund Advisors LP now owns 1,950,210 shares of the financial services provider’s stock worth $76,152,000 after acquiring an additional 167,711 shares in the last quarter. State Street Corp grew its position 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 acquiring an additional 126,796 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of National Bank by 1.1% during the 3rd quarter. Geode Capital Management LLC now owns 861,483 shares of the financial services provider’s stock worth $36,276,000 after purchasing an additional 9,723 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its stake in shares of National Bank by 36.1% in the 3rd quarter. Principal Financial Group Inc. now owns 786,096 shares of the financial services provider’s stock valued at $33,095,000 after purchasing an additional 208,303 shares during the last quarter. 92.65% of the stock is currently owned by institutional investors and hedge funds.

National Bank Stock Up 0.0 %

Shares of NYSE:NBHC opened at $42.82 on Friday. National Bank has a fifty-two week low of $32.13 and a fifty-two week high of $51.76. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.04. The firm’s 50-day simple moving average is $46.24 and its 200-day simple moving average is $43.17. The company has a market cap of $1.63 billion, a price-to-earnings ratio of 13.26 and a beta of 0.86.

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

National Bank Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were issued a $0.29 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $1.16 dividend on an annualized basis and a yield of 2.71%. This is a boost from National Bank’s previous quarterly dividend of $0.28. National Bank’s dividend payout ratio (DPR) is currently 35.91%.

National Bank Company Profile

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.