National Bank Holdings Corporation (NYSE:NBHC) Given Average Rating of "Hold" by Analysts

Shares of National Bank Holdings Corporation (NYSE:NBHC - Get Free Report) have been assigned an average rating of "Hold" from the five research firms that are covering the stock, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $47.20.

A number of research analysts have issued reports on the company. DA Davidson upped their price objective on National Bank from $42.00 to $45.00 and gave the company a "buy" rating in a research note on Thursday. Wall Street Zen upgraded National Bank from a "strong sell" rating to a "hold" rating in a research note on Saturday. Finally, Hovde Group increased their price target on National Bank from $39.00 to $42.00 and gave the stock a "market perform" rating in a research note on Thursday.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in NBHC. Envestnet Portfolio Solutions Inc. purchased a new stake in shares of National Bank in the 2nd quarter valued at about $398,000. Vest Financial LLC raised its holdings in shares of National Bank by 24.9% in the 2nd quarter. Vest Financial LLC now owns 23,723 shares of the financial services provider's stock valued at $892,000 after acquiring an additional 4,735 shares in the last quarter. KLP Kapitalforvaltning AS raised its holdings in shares of National Bank by 26.1% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 8,700 shares of the financial services provider's stock valued at $327,000 after acquiring an additional 1,800 shares in the last quarter. State of Alaska Department of Revenue raised its holdings in shares of National Bank by 7.5% in the 2nd quarter. State of Alaska Department of Revenue now owns 22,664 shares of the financial services provider's stock valued at $851,000 after acquiring an additional 1,578 shares in the last quarter. Finally, Public Employees Retirement System of Ohio raised its holdings in shares of National Bank by 10.8% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 51,160 shares of the financial services provider's stock valued at $1,924,000 after acquiring an additional 4,998 shares in the last quarter. Institutional investors own 92.65% of the company's stock.

National Bank Stock Down 0.5%

NYSE NBHC traded down $0.21 on Wednesday, reaching $39.28. The company had a trading volume of 417,816 shares, compared to its average volume of 269,174. The stock has a market capitalization of $1.50 billion, a P/E ratio of 12.67 and a beta of 0.77. The company has a quick ratio of 0.92, a current ratio of 0.93 and a debt-to-equity ratio of 0.18. The company's fifty day moving average is $37.88 and its 200 day moving average is $38.92. National Bank has a 52-week low of $32.83 and a 52-week high of $51.76.

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

National Bank Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 30th were paid a $0.30 dividend. The ex-dividend date of this dividend was Friday, May 30th. This represents a $1.20 annualized dividend and a yield of 3.05%. This is an increase from National Bank's previous quarterly dividend of $0.29. National Bank's dividend payout ratio (DPR) is currently 38.71%.

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.