Brokerages Set National Bank Holdings Corporation (NYSE:NBHC) Price Target at $44.50

National Bank Holdings Corporation (NYSE:NBHC) has been given a consensus rating of “Moderate Buy” by the six analysts that are covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $44.50.

Several research analysts have issued reports on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of National Bank in a research note on Wednesday, October 8th. Stephens raised shares of National Bank from an “equal weight” rating to an “overweight” rating and set a $42.00 target price on the stock in a report on Monday, November 10th. Finally, Zacks Research upgraded shares of National Bank from a “strong sell” rating to a “hold” rating in a research report on Monday, December 22nd.

Hedge Funds Weigh In On National Bank

Institutional investors have recently bought and sold shares of the business. Aster Capital Management DIFC Ltd grew its holdings in shares of National Bank by 650.9% during the third quarter. Aster Capital Management DIFC Ltd now owns 796 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 690 shares during the last quarter. Quarry LP raised its holdings in shares of National Bank by 50.8% in the third quarter. Quarry LP now owns 1,819 shares of the financial services provider’s stock valued at $70,000 after buying an additional 613 shares during the last quarter. Nisa Investment Advisors LLC lifted its position in National Bank by 17.9% during the 4th quarter. Nisa Investment Advisors LLC now owns 3,283 shares of the financial services provider’s stock worth $125,000 after buying an additional 499 shares in the last quarter. Tower Research Capital LLC TRC grew its holdings in National Bank by 131.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,395 shares of the financial services provider’s stock worth $128,000 after acquiring an additional 1,927 shares during the last quarter. Finally, Savant Capital LLC acquired a new stake in National Bank in the 3rd quarter valued at about $211,000. Institutional investors own 92.65% of the company’s stock.

National Bank Stock Up 0.0%

Shares of NBHC opened at $40.81 on Wednesday. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.04. The company has a 50-day moving average price of $38.50 and a two-hundred day moving average price of $38.35. The stock has a market cap of $1.54 billion, a price-to-earnings ratio of 12.91 and a beta of 0.81. National Bank has a 12 month low of $32.83 and a 12 month high of $44.84.

National Bank (NYSE:NBHC) last issued its earnings results on Tuesday, October 21st. The financial services provider reported $0.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.90 by $0.06. The business had revenue of $108.89 million during the quarter, compared to analysts’ expectations of $107.56 million. National Bank had a return on equity of 9.56% and a net margin of 20.50%.National Bank’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.86 EPS. Equities analysts predict that National Bank will post 3.31 EPS for the current fiscal year.

National Bank Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Friday, November 28th were issued a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend was Friday, November 28th. This is an increase from National Bank’s previous quarterly dividend of ($0.30). National Bank’s dividend payout ratio (DPR) is presently 39.24%.

National Bank Company Profile

National Bank Holdings Corporation (NYSE: NBHC) is a diversified financial services holding company headquartered in Cape Girardeau, Missouri. Through its network of community bank subsidiaries, the company provides deposit, lending and payment solutions to consumer, small business and commercial clients across multiple U.S. markets.

Since its founding in 1992, National Bank Holdings has pursued a growth strategy focused on acquiring and integrating locally branded community banks. Its footprint spans the Midwest and Southern United States, including Missouri, Kansas, Oklahoma, Texas, Colorado, Illinois and Tennessee.