National Bank Holdings Corporation (NYSE:NBHC) Given Average Recommendation of "Moderate Buy" by Brokerages

Key Points

• National Bank Holdings Corporation (NYSE:NBHC) received an average rating of "Moderate Buy" from analysts, with a 12-month price target of $46.60.
• The company's recent earnings report showed an EPS of $0.88, exceeding expectations and reflecting a 7.0% year-over-year revenue growth.
• National Bank recently cut its dividend to $-0.30, representing an annual yield of -3.1% and a payout ratio of 38.71%.

Shares of National Bank Holdings Corporation (NYSE:NBHC - Get Free Report) have earned an average recommendation of "Moderate Buy" from the seven ratings firms that are currently covering the company, MarketBeat Ratings reports. Four analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $46.60.

NBHC has been the subject of several recent analyst reports. Zacks Research raised shares of National Bank from a "hold" rating to a "strong-buy" rating in a research note on Monday, September 1st. DA Davidson boosted their price target on shares of National Bank from $42.00 to $45.00 and gave the company a "buy" rating in a research report on Thursday, July 24th. Hovde Group upgraded National Bank from a "market perform" rating to an "outperform" rating and set a $46.00 price objective on the stock in a research report on Thursday, September 18th. Keefe, Bruyette & Woods lifted their price objective on National Bank from $44.00 to $45.00 and gave the company a "market perform" rating in a research note on Wednesday, September 17th. Finally, Wall Street Zen upgraded National Bank from a "strong sell" rating to a "hold" rating in a research report on Saturday, July 26th.

National Bank Price Performance

Shares of NYSE NBHC opened at $38.30 on Monday. The stock has a fifty day moving average of $38.41 and a 200-day moving average of $37.65. The stock has a market cap of $1.46 billion, a PE ratio of 12.36 and a beta of 0.75. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.93 and a current ratio of 0.93. National Bank has a fifty-two week low of $32.83 and a fifty-two week high of $51.76.

National Bank (NYSE:NBHC - Get Free Report) last issued its earnings results on Tuesday, July 22nd. The financial services provider reported $0.88 EPS for the quarter, topping the consensus estimate of $0.82 by $0.06. National Bank had a return on equity of 9.44% and a net margin of 20.02%.The business had revenue of $104.48 million during the quarter, compared to the consensus estimate of $110.36 million. During the same quarter last year, the company earned $0.68 EPS. The firm's revenue was up 7.0% compared to the same quarter last year. Equities research analysts anticipate that National Bank will post 3.31 earnings per share for the current year.

National Bank Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Friday, August 29th were paid a $-0.30 dividend. This represents a ($1.20) dividend on an annualized basis and a yield of -3.1%. The ex-dividend date of this dividend was Friday, August 29th. National Bank's dividend payout ratio (DPR) is currently 38.71%.

Hedge Funds Weigh In On National Bank

A number of institutional investors have recently made changes to their positions in the stock. CWM LLC lifted its holdings in shares of National Bank by 158.4% during the 1st quarter. CWM LLC now owns 783 shares of the financial services provider's stock worth $30,000 after acquiring an additional 480 shares during the last quarter. Quarry LP raised its position in National Bank by 40.3% during the first quarter. Quarry LP now owns 1,362 shares of the financial services provider's stock valued at $52,000 after purchasing an additional 391 shares in the last quarter. Tower Research Capital LLC TRC lifted its stake in National Bank by 131.3% during the second quarter. Tower Research Capital LLC TRC now owns 3,395 shares of the financial services provider's stock worth $128,000 after purchasing an additional 1,927 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in National Bank during the first quarter worth about $217,000. Finally, Envestnet Asset Management Inc. boosted its holdings in shares of National Bank by 6.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 5,955 shares of the financial services provider's stock worth $224,000 after purchasing an additional 355 shares in the last quarter. Institutional investors 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.