National Bank Holdings Corporation (NYSE:NBHC) Receives Average Rating of "Moderate Buy" from Analysts

Key Points

• Analysts rate National Bank Holdings “Moderate Buy,” with three buy ratings and two holds. The average one-year price target is $47.67, above the stock’s reported $40.99 price.
• Institutional investors own 92.65% of NBHC, with several hedge funds and investment managers recently establishing or increasing positions.
• National Bank reported quarterly EPS of $0.78, below the $0.81 consensus estimate, while revenue rose 23.4% year over year to $129.94 million. The company also maintains a quarterly dividend of $0.32 per share, equivalent to a 3.1% annualized yield.

National Bank Holdings Corporation (NYSE:NBHC - Get Free Report) has earned an average rating of "Moderate Buy" from the five analysts that are presently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $47.6667.

A number of research firms have weighed in on NBHC. Piper Sandler reduced their price objective on National Bank from $52.00 to $51.00 and set an "overweight" rating for the company in a research note on Monday, July 27th. Stephens lowered National Bank from an "overweight" rating to an "equal weight" rating and set a $46.00 target price on the stock. in a report on Thursday, August 6th. Finally, Weiss Ratings cut National Bank from a "buy (b)" rating to a "buy (b-)" rating in a research report on Tuesday, August 11th.

Institutional Trading of National Bank

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NBHC. North Reef Capital Management LP acquired a new stake in National Bank in the first quarter valued at approximately $12,545,000. Endeavour Capital Advisors Inc. acquired a new position in shares of National Bank during the 4th quarter worth approximately $6,659,000. Hsbc Holdings PLC raised its stake in shares of National Bank by 1,188.0% during the 4th quarter. Hsbc Holdings PLC now owns 186,020 shares of the financial services provider's stock worth $7,071,000 after buying an additional 171,578 shares during the period. Kennedy Capital Management LLC lifted its position in shares of National Bank by 39.0% during the 4th quarter. Kennedy Capital Management LLC now owns 505,333 shares of the financial services provider's stock valued at $19,208,000 after buying an additional 141,726 shares in the last quarter. Finally, Thompson Siegel & Walmsley LLC purchased a new position in shares of National Bank during the 4th quarter valued at approximately $4,973,000. Institutional investors and hedge funds own 92.65% of the company's stock.

National Bank Stock Up 0.1%

NBHC stock opened at $40.99 on Monday. The company has a market capitalization of $1.83 billion, a P/E ratio of 17.22 and a beta of 0.77. National Bank has a 12 month low of $35.06 and a 12 month high of $47.28. The firm's fifty day simple moving average is $42.73 and its 200-day simple moving average is $42.02. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.97 and a quick ratio of 0.96.

National Bank (NYSE:NBHC - Get Free Report) last issued its earnings results on Tuesday, July 21st. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.81 by ($0.03). National Bank had a return on equity of 8.35% and a net margin of 15.11%.The business had revenue of $129.94 million for the quarter, compared to analysts' expectations of $135.08 million. During the same period last year, the business earned $0.88 EPS. The company's revenue for the quarter was up 23.4% on a year-over-year basis. As a group, equities research analysts forecast that National Bank will post 3.35 earnings per share for the current year.

National Bank Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Friday, August 28th were paid a dividend of $0.32 per share. The ex-dividend date of this dividend was Friday, August 28th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.1%. National Bank's dividend payout ratio (DPR) is presently 53.78%.

National Bank Company Profile

National Bank Holdings Corporation NYSE: NBHC is a bank holding company headquartered in Greenwood Village, Colorado. Through its principal subsidiary, NBH Bank, the company provides community banking services to businesses, individuals and organizations.

NBH Bank offers commercial and small-business lending, personal and business deposit accounts, mortgage and consumer loans, treasury management, digital banking and wealth management services. Its products are designed to support commercial clients, professionals, entrepreneurs and retail customers.

The company serves customers through a network of banking locations and digital channels in several markets across the central and western United States, including Colorado, Kansas, Missouri, New Mexico, Texas and Wyoming.

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