National Bank Holdings Co. (NYSE:NBHC) Given Average Rating of “Hold” by Analysts

Shares of National Bank Holdings Co. (NYSE:NBHC) have been given a consensus recommendation of “Hold” by the five research firms that are currently covering the stock, MarketBeat.com reports. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $49.00.

A number of analysts have weighed in on the company. Hovde Group reduced their target price on National Bank from $48.00 to $43.00 and set a “market perform” rating on the stock in a research note on Wednesday, April 2nd. StockNews.com raised shares of National Bank from a “sell” rating to a “hold” rating in a research note on Friday.

Institutional Trading of National Bank

Several institutional investors and hedge funds have recently made changes to their positions in NBHC. Vanguard Group Inc. raised its stake in National Bank by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 4,230,384 shares of the financial services provider’s stock worth $182,160,000 after buying an additional 35,910 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of National Bank by 1.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,089,730 shares of the financial services provider’s stock valued at $89,984,000 after acquiring an additional 32,983 shares during the period. State Street Corp raised its position in shares of National Bank by 7.6% in the 3rd 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 lifted 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. boosted its position in National Bank by 36.1% during the third 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 in the last quarter. 92.65% of the stock is currently owned by institutional investors.

National Bank Stock Performance

Shares of NYSE:NBHC opened at $33.93 on Monday. The company has a current ratio of 0.95, a quick ratio of 0.94 and a debt-to-equity ratio of 0.08. National Bank has a 12 month low of $32.13 and a 12 month high of $51.76. The company has a market capitalization of $1.29 billion, a price-to-earnings ratio of 10.98 and a beta of 0.77. The firm’s 50-day moving average is $39.69 and its 200 day moving average is $42.88.

National Bank (NYSE:NBHC) last released its earnings results on Wednesday, January 22nd. The financial services provider reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.79 by $0.07. National Bank had a return on equity of 9.76% and a net margin of 19.82%. Research analysts predict that National Bank will post 3.31 EPS for the current year.

National Bank Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.42%. The ex-dividend date of this dividend was Friday, February 28th. National Bank’s payout ratio is 37.54%.

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.