Shares of National Bank Holdings Corporation (NYSE:NBHC - Get Free Report) have received a consensus recommendation of "Hold" from the five ratings firms that are currently covering the firm, Marketbeat reports. Four research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $46.00.
NBHC has been the topic of several research reports. Wall Street Zen downgraded National Bank from a "hold" rating to a "sell" rating in a research report on Friday, May 2nd. Hovde Group lowered their price objective on National Bank from $43.00 to $39.00 and set a "market perform" rating on the stock in a research report on Thursday, April 24th. Finally, DA Davidson dropped their target price on National Bank from $46.00 to $42.00 and set a "buy" rating for the company in a report on Wednesday, April 23rd.
Get Our Latest Research Report on National Bank
Institutional Trading of National Bank
Several large investors have recently made changes to their positions in NBHC. Intech Investment Management LLC lifted its stake in National Bank by 26.4% during the first quarter. Intech Investment Management LLC now owns 36,140 shares of the financial services provider's stock worth $1,383,000 after purchasing an additional 7,556 shares during the last quarter. Jane Street Group LLC raised its holdings in shares of National Bank by 283.8% during the 1st quarter. Jane Street Group LLC now owns 86,538 shares of the financial services provider's stock worth $3,312,000 after buying an additional 63,989 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of National Bank by 11.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 94,367 shares of the financial services provider's stock worth $3,611,000 after buying an additional 9,626 shares during the last quarter. Empowered Funds LLC boosted its stake in National Bank by 2.0% in the first quarter. Empowered Funds LLC now owns 131,730 shares of the financial services provider's stock valued at $5,041,000 after buying an additional 2,616 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in National Bank in the first quarter valued at about $325,000. Institutional investors and hedge funds own 92.65% of the company's stock.
National Bank Trading Down 1.0%
NBHC stock opened at $37.61 on Friday. National Bank has a one year low of $32.83 and a one year high of $51.76. The stock has a market cap of $1.43 billion, a price-to-earnings ratio of 12.97 and a beta of 0.77. The company has a fifty day moving average price of $36.65 and a two-hundred day moving average price of $39.60. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.93 and a quick ratio of 0.92.
National Bank (NYSE:NBHC - Get Free Report) last announced its earnings results on Tuesday, April 22nd. The financial services provider reported $0.63 EPS for the quarter, missing the consensus estimate of $0.76 by ($0.13). The company had revenue of $102.07 million for the quarter, compared to the consensus estimate of $107.47 million. National Bank had a return on equity of 9.02% and a net margin of 18.75%. During the same period in the previous year, the firm posted $0.82 EPS. Equities analysts anticipate that National Bank will post 3.31 EPS for the current year.
National Bank Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 30th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 3.19%. This is an increase from National Bank's previous quarterly dividend of $0.29. The ex-dividend date was Friday, May 30th. National Bank's dividend payout ratio is presently 41.38%.
National Bank Company Profile
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Get Free ReportNational 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.
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