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

National Bank Holdings Co. (NYSE:NBHC) has earned a consensus rating of “Hold” from the five analysts that are currently covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $46.40.

Several research analysts have weighed in on NBHC shares. StockNews.com lowered National Bank from a “hold” rating to a “sell” rating in a report on Wednesday, July 24th. Stephens boosted their price objective on National Bank from $38.00 to $46.00 and gave the company an “equal weight” rating in a research report on Thursday, July 25th. Piper Sandler downgraded shares of National Bank from an “overweight” rating to a “neutral” rating and raised their target price for the stock from $42.00 to $46.00 in a report on Thursday, July 25th. DA Davidson increased their price objective on shares of National Bank from $42.00 to $45.00 and gave the stock a “buy” rating in a research report on Tuesday, July 2nd. Finally, Keefe, Bruyette & Woods raised their price objective on shares of National Bank from $39.00 to $45.00 and gave the stock a “market perform” rating in a report on Monday, July 29th.

Insider Buying and Selling

In other news, insider Valerie D. Kramer sold 725 shares of the firm’s stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $40.17, for a total value of $29,123.25. Following the completion of the transaction, the insider now owns 10,398 shares in the company, valued at approximately $417,687.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider Valerie D. Kramer sold 725 shares of the business’s stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $40.17, for a total transaction of $29,123.25. Following the transaction, the insider now directly owns 10,398 shares in the company, valued at $417,687.66. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Art Zeile sold 3,875 shares of National Bank stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $41.27, for a total transaction of $159,921.25. Following the completion of the transaction, the director now directly owns 16,202 shares of the company’s stock, valued at approximately $668,656.54. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 103,192 shares of company stock worth $4,431,998. 3.10% of the stock is owned by insiders.

Hedge Funds Weigh In On National Bank

Institutional investors and hedge funds have recently modified their holdings of the stock. Louisiana State Employees Retirement System increased its holdings in shares of National Bank by 1.6% during the second quarter. Louisiana State Employees Retirement System now owns 19,000 shares of the financial services provider’s stock worth $742,000 after purchasing an additional 300 shares during the period. Texas Permanent School Fund Corp increased its stake in National Bank by 1.4% during the 1st quarter. Texas Permanent School Fund Corp now owns 33,069 shares of the financial services provider’s stock worth $1,193,000 after acquiring an additional 449 shares during the period. Rhumbline Advisers raised its holdings in National Bank by 0.4% in the 2nd quarter. Rhumbline Advisers now owns 126,304 shares of the financial services provider’s stock valued at $4,932,000 after acquiring an additional 492 shares in the last quarter. ProShare Advisors LLC lifted its position in shares of National Bank by 7.4% during the 1st quarter. ProShare Advisors LLC now owns 7,450 shares of the financial services provider’s stock valued at $269,000 after acquiring an additional 513 shares during the period. Finally, Innealta Capital LLC acquired a new stake in shares of National Bank during the 2nd quarter worth $41,000. 92.65% of the stock is currently owned by institutional investors and hedge funds.

National Bank Stock Performance

Shares of NYSE:NBHC opened at $42.06 on Thursday. The firm’s 50 day simple moving average is $41.76 and its 200 day simple moving average is $38.22. National Bank has a fifty-two week low of $28.38 and a fifty-two week high of $46.51. The company has a market capitalization of $1.59 billion, a price-to-earnings ratio of 12.05 and a beta of 0.85. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.93 and a quick ratio of 0.93.

National Bank (NYSE:NBHC) last posted its earnings results on Tuesday, July 23rd. The financial services provider reported $0.68 earnings per share for the quarter, missing the consensus estimate of $0.74 by ($0.06). National Bank had a return on equity of 10.44% and a net margin of 21.40%. The firm had revenue of $99.31 million during the quarter, compared to analyst estimates of $102.96 million. During the same quarter last year, the business posted $0.85 earnings per share. The company’s revenue for the quarter was down 5.5% on a year-over-year basis. As a group, sell-side analysts forecast that National Bank will post 3.03 earnings per share for the current year.

National Bank Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.66%. The ex-dividend date of this dividend was Friday, August 30th. National Bank’s dividend payout ratio is presently 32.18%.

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.