National Bank Holdings Corporation (NYSE:NBHC) Receives Consensus Recommendation of "Moderate Buy" from Brokerages

Key Points

• National Bank Holdings has a “Moderate Buy” consensus rating from seven brokerages, with four buys and three holds. Analysts’ average 12-month price target is $46.80, above the reported share price of $41.34.
• The company’s latest quarterly results fell short of expectations, reporting $0.78 in earnings per share versus the $0.81 consensus and revenue of $129.94 million versus $135.08 million expected. Revenue nevertheless increased 23.4% year over year.
• National Bank announced a quarterly dividend of $0.32 per share, representing a $1.28 annualized payout and a 3.1% yield. Institutional investors own approximately 92.65% of the company’s stock.

National Bank Holdings Corporation (NYSE:NBHC - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the seven brokerages that are covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $46.80.

A number of research analysts have recently commented on NBHC shares. Stephens lowered shares of National Bank from an "overweight" rating to an "equal weight" rating and set a $46.00 price target for the company. in a research report on Thursday, August 6th. Wall Street Zen upgraded National Bank from a "sell" rating to a "hold" rating in a research report on Saturday, May 9th. Weiss Ratings lowered National Bank from a "buy (b)" rating to a "buy (b-)" rating in a research note on Tuesday, August 11th. Finally, Piper Sandler reduced their target price on National Bank from $52.00 to $51.00 and set an "overweight" rating for the company in a research report on Monday, July 27th.

National Bank Stock Up 0.1%

NBHC opened at $41.34 on Thursday. The company has a 50 day moving average of $43.62 and a 200 day moving average of $42.00. The company has a market cap of $1.84 billion, a PE ratio of 17.37 and a beta of 0.79. National Bank has a 12 month low of $35.06 and a 12 month high of $47.28. The company has a current ratio of 0.97, a quick ratio of 0.96 and a debt-to-equity ratio of 0.20.

National Bank (NYSE:NBHC - Get Free Report) last released its quarterly earnings data 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). National Bank had a net margin of 15.11% and a return on equity of 8.35%. The business had revenue of $129.94 million during the quarter, compared to analysts' expectations of $135.08 million. During the same quarter in the prior year, the firm posted $0.88 earnings per share. The firm's quarterly revenue was up 23.4% on a year-over-year basis. On average, sell-side analysts expect that National Bank will post 3.35 EPS for the current year.

National Bank Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Friday, August 28th will be issued a dividend of $0.32 per share. The ex-dividend date of this dividend is Friday, August 28th. This represents a $1.28 annualized dividend and a dividend yield of 3.1%. National Bank's payout ratio is presently 53.78%.

Institutional Investors Weigh In On National Bank

Institutional investors and hedge funds have recently bought and sold shares of the stock. Nykredit A S purchased a new position in National Bank in the second quarter worth $34,000. Meeder Asset Management Inc. purchased a new stake in National Bank during the fourth quarter valued at about $48,000. Global Retirement Partners LLC bought a new stake in National Bank during the fourth quarter worth about $66,000. State of Wyoming bought a new stake in National Bank during the fourth quarter worth about $69,000. Finally, Quarry LP boosted its holdings in shares of National Bank by 50.8% in the 3rd quarter. Quarry LP now owns 1,819 shares of the financial services provider's stock worth $70,000 after purchasing an additional 613 shares in the last quarter. 92.65% of the stock is owned by hedge funds and other institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source