National Bank Holdings Corporation (NYSE:NBHC) Receives Average Recommendation of "Moderate Buy" from Analysts

Key Points

• National Bank Holdings Corporation (NYSE:NBHC) has received a consensus rating of "Moderate Buy" from analysts, with four hold recommendations and one each for buy and strong buy.
• The company's average 12-month price target from analysts is $47.20, reflecting positive sentiment among market experts.
• National Bank recently declared a quarterly dividend of $0.30 per share, a decrease from a $1.20 annualized basis, with a payout ratio of 38.71%.

Shares of National Bank Holdings Corporation (NYSE:NBHC - Get Free Report) have received an average recommendation of "Moderate Buy" from the six research firms that are covering the company, MarketBeat Ratings reports. Four analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $47.20.

NBHC has been the topic of a number of analyst reports. Zacks Research upgraded National Bank from a "hold" rating to a "strong-buy" rating in a research report on Monday, September 1st. DA Davidson raised their target price on National Bank from $42.00 to $45.00 and gave the stock a "buy" rating in a research note on Thursday, July 24th. Hovde Group boosted their price target on shares of National Bank from $39.00 to $42.00 and gave the company a "market perform" rating in a research report on Thursday, July 24th. Finally, Wall Street Zen raised shares of National Bank from a "strong sell" rating to a "hold" rating in a report on Saturday, July 26th.

National Bank Price Performance

NBHC traded down $0.34 on Thursday, hitting $37.62. 584,172 shares of the company's stock were exchanged, compared to its average volume of 275,221. National Bank has a fifty-two week low of $32.83 and a fifty-two week high of $51.76. The stock has a market cap of $1.43 billion, a price-to-earnings ratio of 12.14 and a beta of 0.78. The firm has a 50-day moving average price of $38.55 and a 200-day moving average price of $37.70. 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 posted its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $0.88 earnings per share for the quarter, topping analysts' consensus estimates of $0.82 by $0.06. National Bank had a net margin of 20.02% and a return on equity of 9.44%. The firm had revenue of $104.48 million for the quarter, compared to analyst estimates of $110.36 million. During the same period in the previous year, the business posted $0.68 earnings per share. National Bank's quarterly revenue was up 7.0% on a year-over-year basis. As a group, equities analysts anticipate that National Bank will post 3.31 earnings per share for the current year.

National Bank Cuts Dividend

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

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. CWM LLC lifted its stake in shares of National Bank by 158.4% in the 1st 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 last quarter. Quarry LP lifted its position in National Bank by 40.3% in the first quarter. Quarry LP now owns 1,362 shares of the financial services provider's stock valued at $52,000 after buying an additional 391 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake 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 worth $128,000 after buying an additional 1,927 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in National Bank in the 1st quarter valued at approximately $217,000. Finally, Envestnet Asset Management Inc. grew its stake in shares of National Bank by 6.3% in the second quarter. Envestnet Asset Management Inc. now owns 5,955 shares of the financial services provider's stock valued at $224,000 after buying an additional 355 shares in the last quarter. 92.65% of the stock is currently owned by hedge funds and other institutional investors.

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.