National Bank Holdings Corporation (NYSE:NBHC) Stock Has Average Price Target of $42.33 According to Brokerages

Key Points

• Analyst consensus is Hold: Three of five covering firms rate NBHC Hold and two rate it Buy, with an average one-year price target of $42.33. Several analysts recently lowered their price targets.
• National Bank reported quarterly EPS of $0.06, well below the $0.79 consensus estimate, while revenue of $126.44 million also missed expectations.
• The company raised its quarterly dividend from $0.32 to $0.33 per share, equivalent to $1.32 annually and a 3.6% yield.

Shares of National Bank Holdings Corporation (NYSE:NBHC - Get Free Report) have been assigned a consensus rating of "Hold" from the five ratings firms that are currently covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $42.33.

Several research analysts recently issued reports on the stock. Weiss Ratings cut shares of National Bank from a "buy (b-)" rating to a "hold (c+)" rating in a report on Monday, October 19th. Stephens decreased their price target on National Bank from $44.00 to $39.00 and set an "equal weight" rating on the stock in a research note on Monday, November 2nd. DA Davidson cut their price objective on National Bank from $45.00 to $43.00 and set a "buy" rating for the company in a research report on Monday, October 5th. Piper Sandler cut their price objective on National Bank from $49.00 to $45.00 and set an "overweight" rating for the company in a research report on Thursday, October 15th. Finally, Zacks Research raised National Bank from a "strong sell" rating to a "hold" rating in a report on Monday, October 5th.

National Bank Price Performance

Shares of NBHC opened at $37.18 on Tuesday. National Bank has a fifty-two week low of $35.50 and a fifty-two week high of $47.28. The company has a market capitalization of $1.66 billion, a price-to-earnings ratio of 29.51 and a beta of 0.83. The firm has a 50-day simple moving average of $39.24 and a 200-day simple moving average of $41.23. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.96 and a current ratio of 0.96.

National Bank (NYSE:NBHC - Get Free Report) last issued its quarterly earnings results on Tuesday, October 27th. The financial services provider reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.79 by ($0.73). The company had revenue of $126.44 million during the quarter, compared to analyst estimates of $134.81 million. National Bank had a net margin of 8.02% and a return on equity of 5.90%. During the same quarter last year, the firm earned $0.92 EPS. On average, equities research analysts anticipate that National Bank will post 2.75 earnings per share for the current year.

National Bank Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Friday, November 27th will be issued a $0.33 dividend. The ex-dividend date is Friday, November 27th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.6%. This is an increase from National Bank's previous quarterly dividend of $0.32. National Bank's payout ratio is currently 101.59%.

Insider Buying and Selling at National Bank

In related news, Director Art Zeile sold 4,000 shares of the firm's stock in a transaction that occurred on Friday, October 30th. The stock was sold at an average price of $37.43, for a total value of $149,720.00. Following the completion of the transaction, the director directly owned 15,816 shares of the company's stock, valued at $591,992.88. This trade represents a 20.19% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 6.80% of the stock is currently owned by corporate insiders.

Institutional Trading of National Bank

Large investors have recently bought and sold shares of the company. North Reef Capital Management LP acquired a new position in shares of National Bank during the 1st quarter worth $12,545,000. ProShare Advisors LLC grew its stake in National Bank by 3,598.6% in the 3rd quarter. ProShare Advisors LLC now owns 231,164 shares of the financial services provider's stock valued at $9,059,000 after acquiring an additional 224,914 shares during the last quarter. Empowered Funds LLC grew its stake in National Bank by 30.9% in the 1st quarter. Empowered Funds LLC now owns 198,568 shares of the financial services provider's stock valued at $7,776,000 after acquiring an additional 46,869 shares during the last quarter. Bessemer Group Inc. increased its stake in shares of National Bank by 42.6% during the 1st quarter. Bessemer Group Inc. now owns 144,522 shares of the financial services provider's stock worth $5,660,000 after purchasing an additional 43,200 shares in the last quarter. Finally, Bank of America Corp DE lifted its stake in National Bank by 45.8% in the 1st quarter. Bank of America Corp DE now owns 135,454 shares of the financial services provider's stock valued at $5,304,000 after buying an additional 42,572 shares in the last quarter. Institutional investors and hedge funds own 92.65% of the company's stock.

National Bank Company Profile

National Bank Holdings Corporation is a bank holding company whose subsidiary, NBH Bank, provides commercial and consumer banking services. It serves individuals, businesses and organizations through regional banking brands, including Community Banks of Colorado, Bank Midwest and Hillcrest Bank.

Its offerings include deposit accounts, commercial and consumer loans, mortgage services, treasury management and other banking services. The company's banking operations serve communities in Colorado, Kansas, Missouri, New Mexico, Texas and Utah.

National Bank Holdings was established in 2009 and is headquartered in Greenwood Village, Colorado.

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