National Bank Holdings Co. (NYSE:NBHC) Receives $46.00 Consensus Price Target from Brokerages

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

Several equities research analysts have recently commented on NBHC shares. DA Davidson lowered their price target on shares of National Bank from $46.00 to $42.00 and set a "buy" rating for the company in a research report on Wednesday, April 23rd. Hovde Group lowered their target price on shares of National Bank from $43.00 to $39.00 and set a "market perform" rating for the company in a report on Thursday, April 24th. Finally, Wall Street Zen cut National Bank from a "hold" rating to a "sell" rating in a research note on Friday, May 2nd.

National Bank Trading Up 1.8%

Shares of NYSE NBHC traded up $0.67 during midday trading on Tuesday, hitting $37.00. The stock had a trading volume of 115,737 shares, compared to its average volume of 229,965. The company's 50-day simple moving average is $36.17 and its 200 day simple moving average is $40.68. The firm has a market cap of $1.41 billion, a P/E ratio of 11.97 and a beta of 0.77. National Bank has a fifty-two week low of $32.83 and a fifty-two week high of $51.76. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.95 and a quick ratio of 0.94.

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

National Bank Increases Dividend

The company also recently declared 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. This is a positive change from National Bank's previous quarterly dividend of $0.29. The ex-dividend date is Friday, May 30th. This represents a $1.20 annualized dividend and a dividend yield of 3.24%. National Bank's payout ratio is 41.38%.

Hedge Funds Weigh In On National Bank

Several institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in National Bank by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 4,230,384 shares of the financial services provider's stock valued at $182,160,000 after acquiring an additional 35,910 shares during the period. Victory Capital Management Inc. grew its position in shares of National Bank by 2.6% in the 1st quarter. Victory Capital Management Inc. now owns 2,851,786 shares of the financial services provider's stock valued at $109,138,000 after purchasing an additional 72,805 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of National Bank by 1.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,089,730 shares of the financial services provider's stock valued at $89,984,000 after buying an additional 32,983 shares during the period. Westwood Holdings Group Inc. boosted its holdings in shares of National Bank by 30.1% in the first quarter. Westwood Holdings Group Inc. now owns 1,450,227 shares of the financial services provider's stock valued at $55,500,000 after buying an additional 335,741 shares during the period. Finally, Boston Partners boosted its holdings in shares of National Bank by 40.6% in the first quarter. Boston Partners now owns 567,150 shares of the financial services provider's stock valued at $21,702,000 after buying an additional 163,895 shares during the period. Institutional investors and hedge funds own 92.65% of the company's stock.

About National Bank

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.