National Bank Holdings Corporation (NYSE:NBHC) Stock Has Consensus Price Target of $44.67 According to Analysts

Key Points

• Analysts have a “Moderate Buy” consensus on National Bank Holdings, with three buys and two holds. The average 12-month price target is $44.67, above the reported share price of $37.70.
• National Bank’s latest quarterly results fell short of expectations, with EPS of $0.78 versus an $0.81 estimate and revenue of $129.94 million versus $135.08 million expected. However, revenue increased 23.4% year over year.
• The company pays a quarterly dividend of $0.32, equivalent to $1.28 annually and a 3.4% yield. Institutional investors and hedge funds own approximately 92.65% of the stock.

Shares of National Bank Holdings Corporation (NYSE:NBHC - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the five brokerages that are covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $44.67.

A number of research analysts have recently weighed in on NBHC shares. Weiss Ratings downgraded shares of National Bank from a "buy (b)" rating to a "buy (b-)" rating in a report on Tuesday, August 11th. Zacks Research raised National Bank from a "strong sell" rating to a "hold" rating in a report on Monday, October 5th. Stephens cut National Bank from an "overweight" rating to an "equal weight" rating and set a $46.00 price objective on the stock. in a research report on Thursday, August 6th. Piper Sandler cut their target price on National Bank from $49.00 to $45.00 and set an "overweight" rating for the company in a research note on Thursday. Finally, DA Davidson lowered their price target on shares of National Bank from $45.00 to $43.00 and set a "buy" rating on the stock in a report on Monday, October 5th.

National Bank Price Performance

Shares of NYSE:NBHC opened at $37.70 on Friday. The business has a fifty day simple moving average of $40.73 and a 200 day simple moving average of $41.99. 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 has a 1 year low of $35.06 and a 1 year high of $47.28. The firm has a market cap of $1.68 billion, a price-to-earnings ratio of 15.84 and a beta of 0.84.

National Bank (NYSE:NBHC - Get Free Report) last announced its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $0.78 EPS for the quarter, missing the consensus estimate of $0.81 by ($0.03). The firm had revenue of $129.94 million during the quarter, compared to the consensus estimate of $135.08 million. National Bank had a net margin of 15.11% and a return on equity of 8.35%. The company'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. As a group, sell-side analysts predict that National Bank will post 3.04 earnings per share for the current fiscal year.

National Bank Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Friday, August 28th were paid a $0.32 dividend. The ex-dividend date of this dividend was Friday, August 28th. This represents a $1.28 dividend on an annualized basis and a yield of 3.4%. National Bank's payout ratio is presently 53.78%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP boosted its holdings in National Bank by 2.0% during the first quarter. Dimensional Fund Advisors LP now owns 2,100,944 shares of the financial services provider's stock valued at $82,271,000 after purchasing an additional 40,669 shares in the last quarter. Bank of New York Mellon Corp raised its stake in National Bank by 3.3% during the first quarter. Bank of New York Mellon Corp now owns 343,744 shares of the financial services provider's stock worth $13,461,000 after acquiring an additional 11,010 shares in the last quarter. Sei Investments Co. raised its stake in National Bank by 5.9% during the first quarter. Sei Investments Co. now owns 337,005 shares of the financial services provider's stock worth $13,197,000 after acquiring an additional 18,785 shares in the last quarter. North Reef Capital Management LP bought a new position in shares of National Bank during the first quarter valued at $12,545,000. Finally, Empowered Funds LLC lifted its holdings in shares of National Bank by 30.9% during the first 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 period. Institutional investors and hedge funds own 92.65% of the company's stock.

About National Bank

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

Its products and services include checking and savings accounts, certificates of deposit, consumer and residential lending, commercial and industrial loans, commercial real estate financing, treasury management, wealth management and other financial services.

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