Brokerages Set National Bank Holdings Corporation (NYSE:NBHC) Target Price at $44.75

Shares of National Bank Holdings Corporation (NYSE:NBHC) have been given a consensus rating of “Moderate Buy” by the six analysts that are presently covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $44.75.

NBHC has been the topic of several recent analyst reports. Stephens upgraded 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. Weiss Ratings reissued a “hold (c)” rating on shares of National Bank in a research report on Thursday, January 22nd. DA Davidson restated a “buy” rating and set a $46.00 target price on shares of National Bank in a research report on Wednesday, January 28th. Wall Street Zen cut National Bank from a “hold” rating to a “sell” rating in a research note on Saturday, January 31st. Finally, Zacks Research upgraded National Bank from a “strong sell” rating to a “hold” rating in a report on Monday, December 22nd.

Institutional Investors Weigh In On National Bank

Several hedge funds and other institutional investors have recently bought and sold shares of NBHC. Goldman Sachs Group Inc. raised its holdings in shares of National Bank by 35.0% during the fourth quarter. Goldman Sachs Group Inc. now owns 504,685 shares of the financial services provider’s stock valued at $19,183,000 after purchasing an additional 130,715 shares during the period. Thompson Siegel & Walmsley LLC bought a new stake in National Bank in the 4th quarter valued at about $4,973,000. AlphaQuest LLC increased its position in National Bank by 62.8% in the 4th quarter. AlphaQuest LLC now owns 70,085 shares of the financial services provider’s stock valued at $2,664,000 after buying an additional 27,040 shares in the last quarter. Endeavour Capital Advisors Inc. acquired a new position in National Bank during the 4th quarter worth approximately $6,659,000. Finally, Jefferies Financial Group Inc. bought a new position in National Bank in the fourth quarter worth approximately $950,000. 92.65% of the stock is owned by institutional investors.

National Bank Stock Performance

NYSE:NBHC opened at $41.85 on Friday. The company has a market capitalization of $1.58 billion, a PE ratio of 14.68 and a beta of 0.81. The company has a 50 day simple moving average of $39.87 and a two-hundred day simple moving average of $38.48. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.93 and a current ratio of 0.94. National Bank has a fifty-two week low of $32.83 and a fifty-two week high of $44.11.

National Bank (NYSE:NBHC) last released its quarterly earnings results on Tuesday, January 27th. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.87 by ($0.27). National Bank had a return on equity of 8.65% and a net margin of 18.66%.The firm had revenue of $100.64 million for the quarter, compared to the consensus estimate of $107.48 million. During the same quarter in the previous year, the business posted $0.86 EPS. Research analysts anticipate that National Bank will post 3.31 earnings per share for the current year.

National Bank Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 27th will be given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date is Friday, February 27th. This is a boost from National Bank’s previous quarterly dividend of $0.31. National Bank’s dividend payout ratio is presently 43.51%.

About National Bank

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.