National Bank Holdings Co. (NYSE:NBHC) Receives Consensus Rating of "Hold" from Brokerages

Shares of National Bank Holdings Co. (NYSE:NBHC - Get Free Report) have been assigned a consensus recommendation of "Hold" from the five ratings firms that are currently covering the firm, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $46.00.

A number of research analysts recently commented on NBHC shares. DA Davidson lowered their price objective on shares of National Bank from $46.00 to $42.00 and set a "buy" rating on the stock in a research note on Wednesday, April 23rd. StockNews.com downgraded National Bank from a "hold" rating to a "sell" rating in a research note on Friday, May 2nd. Finally, Hovde Group lowered their target price on National Bank from $43.00 to $39.00 and set a "market perform" rating on the stock in a report on Thursday, April 24th.

National Bank Stock Performance

National Bank stock traded down $0.04 during midday trading on Friday, reaching $38.15. 16,286 shares of the stock traded hands, compared to its average volume of 234,407. The firm has a fifty day moving average price of $36.94 and a two-hundred day moving average price of $41.94. National Bank has a fifty-two week low of $32.83 and a fifty-two week high of $51.76. The firm has a market cap of $1.45 billion, a price-to-earnings ratio of 12.35 and a beta of 0.77. The company has a current ratio of 0.95, a quick ratio of 0.94 and a debt-to-equity ratio of 0.08.

National Bank (NYSE:NBHC - Get Free Report) last posted its earnings results on Tuesday, April 22nd. The financial services provider reported $0.63 EPS for the quarter, missing the consensus estimate of $0.76 by ($0.13). National Bank had a net margin of 19.82% and a return on equity of 9.76%. The business had revenue of $102.07 million during the quarter, compared to analyst estimates of $107.47 million. During the same quarter in the prior year, the business earned $0.82 earnings per share. On average, equities research analysts forecast that National Bank will post 3.31 earnings per share for the current year.

National Bank Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be issued a $0.30 dividend. The ex-dividend date is Friday, May 30th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.15%. This is a positive change from National Bank's previous quarterly dividend of $0.29. National Bank's dividend payout ratio is presently 41.38%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Nuveen LLC bought a new position in National Bank during the first quarter valued at approximately $21,123,000. Westwood Holdings Group Inc. lifted its stake in shares of National Bank by 30.1% in the 1st quarter. Westwood Holdings Group Inc. now owns 1,450,227 shares of the financial services provider's stock valued at $55,500,000 after purchasing an additional 335,741 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in National Bank by 36.1% in the third quarter. Principal Financial Group Inc. now owns 786,096 shares of the financial services provider's stock worth $33,095,000 after purchasing an additional 208,303 shares in the last quarter. Boston Partners raised its holdings in National Bank by 90.3% during the fourth quarter. Boston Partners now owns 403,255 shares of the financial services provider's stock valued at $17,366,000 after buying an additional 191,336 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in shares of National Bank by 74.7% in the fourth quarter. JPMorgan Chase & Co. now owns 331,546 shares of the financial services provider's stock worth $14,276,000 after buying an additional 141,716 shares during 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 operates as the bank holding company for NBH Bank that provides various banking products and financial services to commercial, business, and consumer clients in the United States. It offers deposit products, including checking, savings, money market, and other deposit accounts, including fixed-rate and fixed maturity time deposits.