National Bank Holdings Corporation (NYSE:NBHC) Receives $46.80 Consensus Target Price from Brokerages

National Bank Holdings Corporation (NYSE:NBHC) has earned a consensus recommendation of “Moderate Buy” from the seven research firms that are currently covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $46.80.

Several equities research analysts recently weighed in on the company. Piper Sandler cut their price objective on National Bank from $52.00 to $51.00 and set an “overweight” rating on the stock in a report on Monday, July 27th. Wall Street Zen raised National Bank from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Weiss Ratings upgraded National Bank from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, June 24th. DA Davidson reissued a “buy” rating and set a $46.00 price target on shares of National Bank in a research note on Wednesday, April 22nd. Finally, Stephens cut National Bank from an “overweight” rating to an “equal weight” rating and set a $46.00 price target on the stock. in a report on Thursday.

Institutional Investors Weigh In On National Bank

Institutional investors have recently added to or reduced their stakes in the business. Endeavour Capital Advisors Inc. bought a new position in National Bank during the 4th quarter worth $6,659,000. Deprince Race & Zollo Inc. grew its position in shares of National Bank by 215.4% in the 4th quarter. Deprince Race & Zollo Inc. now owns 1,162,432 shares of the financial services provider’s stock valued at $44,184,000 after buying an additional 793,902 shares during the last quarter. SG Americas Securities LLC increased its stake in shares of National Bank by 87.5% in the fourth quarter. SG Americas Securities LLC now owns 54,765 shares of the financial services provider’s stock valued at $2,082,000 after buying an additional 25,554 shares during the period. Tudor Investment Corp ET AL increased its stake in shares of National Bank by 87.6% in the third quarter. Tudor Investment Corp ET AL now owns 210,330 shares of the financial services provider’s stock valued at $8,127,000 after buying an additional 98,229 shares during the period. Finally, Jefferies Financial Group Inc. bought a new position in shares of National Bank during the fourth quarter worth about $950,000. 92.65% of the stock is owned by institutional investors.

National Bank Price Performance

Shares of NYSE:NBHC opened at $42.81 on Friday. National Bank has a one year low of $35.06 and a one year high of $47.28. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.97 and a quick ratio of 0.96. The company has a market cap of $1.92 billion, a price-to-earnings ratio of 17.99 and a beta of 0.79. The firm has a 50 day simple moving average of $43.56 and a 200 day simple moving average of $41.83.

National Bank (NYSE:NBHC) last posted its earnings results on Tuesday, July 21st. The financial services provider reported $0.78 earnings per share for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.03). The company had revenue of $129.94 million for the quarter, compared to the consensus estimate of $135.08 million. National Bank had a return on equity of 8.35% and a net margin of 15.11%.The business’s quarterly revenue was up 23.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.88 EPS. Research analysts predict that National Bank will post 3.35 earnings per share for the current fiscal year.

National Bank Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Friday, August 28th will be given a dividend of $0.32 per share. The ex-dividend date is Friday, August 28th. This represents a $1.28 annualized dividend and a yield of 3.0%. National Bank’s dividend payout ratio (DPR) is currently 53.78%.

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.