Analysts Set National Bank Holdings Corporation (NYSE:NBHC) PT at $47.20

Key Points

• National Bank Holdings Corporation (NYSE:NBHC) has received a consensus recommendation of "Hold" from five ratings firms, with an average 1-year target price of $47.20.
• The company's recent quarterly earnings report showed an EPS of $0.88, surpassing estimates, although revenue fell short of expectations at $104.48 million.
• National Bank announced a dividend of $-0.30 per share, representing an annualized dividend yield of -3.2%, which indicates a decrease from prior dividends.

Shares of National Bank Holdings Corporation (NYSE:NBHC - Get Free Report) have earned a consensus rating of "Hold" from the five analysts that are currently covering the company, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $47.20.

Several brokerages recently commented on NBHC. Wall Street Zen upgraded National Bank from a "strong sell" rating to a "hold" rating in a report on Saturday, July 26th. DA Davidson upped their target price on National Bank from $42.00 to $45.00 and gave the company a "buy" rating in a report on Thursday, July 24th. 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 report on Thursday, July 24th.

Hedge Funds Weigh In On National Bank

A number of institutional investors have recently modified their holdings of the company. Victory Capital Management Inc. raised its position in shares of National Bank by 2.6% during the first quarter. Victory Capital Management Inc. now owns 2,851,786 shares of the financial services provider's stock worth $109,138,000 after purchasing an additional 72,805 shares during the period. Dimensional Fund Advisors LP lifted its stake in National Bank by 1.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,089,730 shares of the financial services provider's stock valued at $89,984,000 after acquiring an additional 32,983 shares in the last quarter. State Street Corp lifted its stake in National Bank by 1.1% during the 2nd quarter. State Street Corp now owns 1,718,009 shares of the financial services provider's stock valued at $64,614,000 after acquiring an additional 19,107 shares in the last quarter. Westwood Holdings Group Inc. lifted its stake in National Bank by 8.3% during the 2nd quarter. Westwood Holdings Group Inc. now owns 1,570,981 shares of the financial services provider's stock valued at $59,085,000 after acquiring an additional 120,754 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in National Bank by 2.1% during the 2nd quarter. Geode Capital Management LLC now owns 903,808 shares of the financial services provider's stock valued at $33,996,000 after acquiring an additional 18,612 shares in the last quarter. 92.65% of the stock is owned by institutional investors and hedge funds.

National Bank Price Performance

NYSE NBHC traded down $0.07 during trading on Friday, hitting $37.62. 294,198 shares of the company's stock were exchanged, compared to its average volume of 360,809. The company has a market cap of $1.43 billion, a PE ratio of 12.14 and a beta of 0.77. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.18. The stock's 50 day moving average price is $38.08 and its two-hundred day moving average price is $38.21. 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 released its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.06. The company had revenue of $104.48 million for the quarter, compared to analysts' expectations of $110.36 million. National Bank had a return on equity of 9.44% and a net margin of 20.02%.The business's quarterly revenue was up 7.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.68 earnings per share. Research analysts expect that National Bank will post 3.31 EPS for the current year.

National Bank Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, August 29th will be issued a dividend of $-0.30 per share. This represents a ($1.20) dividend on an annualized basis and a dividend yield of -3.2%. The ex-dividend date is Friday, August 29th. National Bank's dividend payout ratio is presently 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.