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

National Bank Holdings Corporation (NYSE:NBHC - Get Free Report) has received an average recommendation of "Hold" from the five research firms that are covering the firm, MarketBeat Ratings reports. Four investment 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 brokers that have issued a report on the stock in the last year is $46.00.

Several brokerages recently weighed in on NBHC. DA Davidson cut their target price on shares of National Bank from $46.00 to $42.00 and set a "buy" rating on the stock in a research note on Wednesday, April 23rd. Wall Street Zen downgraded National Bank from a "hold" rating to a "sell" rating in a research report on Friday, May 2nd. Finally, Hovde Group reduced their target price on shares of National Bank from $43.00 to $39.00 and set a "market perform" rating on the stock in a report on Thursday, April 24th.

Institutional Investors Weigh In On National Bank

Several hedge funds and other institutional investors have recently bought and sold shares of NBHC. CWM LLC increased its stake in National Bank by 158.4% in 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 during the period. Quarry LP grew its holdings in shares of National Bank by 503.1% during the fourth quarter. Quarry LP now owns 971 shares of the financial services provider's stock worth $42,000 after buying an additional 810 shares during the last quarter. Sterling Capital Management LLC increased its position in National Bank by 815.5% in the 4th quarter. Sterling Capital Management LLC now owns 1,181 shares of the financial services provider's stock valued at $51,000 after acquiring an additional 1,052 shares during the period. Aquatic Capital Management LLC purchased a new stake in National Bank during the 4th quarter valued at approximately $174,000. Finally, Handelsbanken Fonder AB acquired a new stake in National Bank during the 4th quarter worth approximately $224,000. 92.65% of the stock is currently owned by institutional investors and hedge funds.

National Bank Trading Up 3.5%

Shares of NBHC stock traded up $1.33 on Friday, hitting $38.94. The stock had a trading volume of 272,841 shares, compared to its average volume of 225,920. The company's 50 day moving average price is $36.77 and its 200-day moving average price is $39.37. National Bank has a 1 year low of $32.83 and a 1 year high of $51.76. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.93 and a quick ratio of 0.92. The firm has a market capitalization of $1.48 billion, a P/E ratio of 13.43 and a beta of 0.77.

National Bank (NYSE:NBHC - Get Free Report) last released its earnings results on Tuesday, April 22nd. The financial services provider reported $0.63 earnings per share for the quarter, missing the consensus estimate of $0.76 by ($0.13). The firm had revenue of $102.07 million during the quarter, compared to analyst estimates of $107.47 million. National Bank had a net margin of 18.75% and a return on equity of 9.02%. During the same period in the prior year, the firm earned $0.82 earnings per share. Analysts anticipate that National Bank will post 3.31 earnings per share for the current year.

National Bank Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 30th were issued a $0.30 dividend. This is a boost from National Bank's previous quarterly dividend of $0.29. The ex-dividend date of this dividend was Friday, May 30th. This represents a $1.20 annualized dividend and a dividend yield of 3.08%. National Bank's dividend payout ratio is presently 41.38%.

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.