Brokerages Set National Bank Holdings Co. (NYSE:NBHC) PT at $51.40

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

A number of research firms recently issued reports on NBHC. StockNews.com upgraded National Bank from a “sell” rating to a “hold” rating in a report on Wednesday, March 19th. Keefe, Bruyette & Woods raised their price target on shares of National Bank from $47.00 to $52.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th.

Institutional Investors Weigh In On National Bank

Large investors have recently made changes to their positions in the stock. Assenagon Asset Management S.A. acquired a new position in National Bank during the fourth quarter worth $1,790,000. Systematic Financial Management LP acquired a new position in shares of National Bank during the 3rd quarter worth about $756,000. Amundi increased its stake in shares of National Bank by 197.3% during the 4th quarter. Amundi now owns 19,278 shares of the financial services provider’s stock worth $826,000 after purchasing an additional 12,793 shares during the last quarter. State Street Corp raised its holdings 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 valued at $75,747,000 after purchasing an additional 126,796 shares during the period. Finally, Geode Capital Management LLC lifted its stake in 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 valued at $36,276,000 after purchasing an additional 9,723 shares during the last quarter. Institutional investors and hedge funds own 92.65% of the company’s stock.

National Bank Stock Up 1.8 %

National Bank stock opened at $39.57 on Thursday. The company has a 50 day moving average of $41.85 and a 200-day moving average of $43.46. The company has a quick ratio of 0.94, a current ratio of 0.95 and a debt-to-equity ratio of 0.08. National Bank has a twelve month low of $32.13 and a twelve month high of $51.76. The stock has a market capitalization of $1.51 billion, a PE ratio of 12.80 and a beta of 0.86.

National Bank (NYSE:NBHC) last announced its earnings results on Wednesday, January 22nd. The financial services provider reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.07. National Bank had a net margin of 19.82% and a return on equity of 9.76%. On average, equities research analysts anticipate that National Bank will post 3.31 EPS for the current fiscal year.

National Bank Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 2.93%. The ex-dividend date was Friday, February 28th. National Bank’s dividend payout ratio (DPR) is 37.54%.

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.