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

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 been given an average rating of "Hold" by the five analysts that are covering the stock, MarketBeat.com reports. Four equities 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 target among brokerages that have issued ratings on the stock in the last year is $47.20.

NBHC has been the topic of several recent research reports. Wall Street Zen upgraded National Bank from a "strong sell" rating to a "hold" rating in a report on Saturday, July 26th. DA Davidson lifted their target price on National Bank from $42.00 to $45.00 and gave the stock a "buy" rating in a research report on Thursday, July 24th. Finally, Hovde Group boosted their target price on shares of National Bank from $39.00 to $42.00 and gave the company a "market perform" rating in a research note on Thursday, July 24th.

Institutional Investors Weigh In On National Bank

A number of institutional investors have recently added to or reduced their stakes in NBHC. CWM LLC boosted its position in National Bank by 158.4% during the first quarter. CWM LLC now owns 783 shares of the financial services provider's stock valued at $30,000 after purchasing an additional 480 shares in the last quarter. Quarry LP boosted its position in National Bank by 503.1% during the fourth quarter. Quarry LP now owns 971 shares of the financial services provider's stock valued at $42,000 after purchasing an additional 810 shares in the last quarter. Sterling Capital Management LLC boosted its position in National Bank by 815.5% during the fourth quarter. Sterling Capital Management LLC now owns 1,181 shares of the financial services provider's stock valued at $51,000 after purchasing an additional 1,052 shares in the last quarter. Tower Research Capital LLC TRC boosted its position 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 valued at $128,000 after purchasing an additional 1,927 shares in the last quarter. Finally, Aquatic Capital Management LLC bought a new stake in National Bank during the fourth quarter valued at about $174,000. Institutional investors own 92.65% of the company's stock.

National Bank Trading Down 0.1%

NYSE:NBHC traded down $0.0260 during midday trading on Friday, hitting $37.8940. 230,543 shares of the company traded hands, compared to its average volume of 255,064. The firm's fifty day moving average is $38.06 and its 200-day moving average is $38.25. National Bank has a 12-month low of $32.83 and a 12-month high of $51.76. The firm has a market capitalization of $1.44 billion, a P/E ratio of 12.22 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.

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, beating 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 company had revenue of $104.48 million for the quarter, compared to analyst estimates of $110.36 million. During the same quarter in the prior year, the firm posted $0.68 EPS. National Bank's quarterly revenue was up 7.0% compared to the same quarter last year. On average, sell-side analysts predict that National Bank will post 3.31 EPS for the current year.

National Bank Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, August 29th will be paid a dividend of $-0.30 per share. The ex-dividend date is Friday, August 29th. This represents a ($1.20) annualized dividend and a dividend yield of -3.2%. National Bank's dividend payout ratio (DPR) is currently 38.71%.

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.