National Bank Holdings Corporation (NYSE:NBHC) Receives Average Rating 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 been assigned a consensus rating of "Moderate Buy" from the six ratings firms that are covering the stock, MarketBeat.com reports. Four investment analysts have rated the stock with a hold recommendation, one has given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $47.20.

Several equities research analysts have weighed in on NBHC shares. Hovde Group increased their target price on shares of National Bank from $39.00 to $42.00 and gave the stock a "market perform" rating in a report on Thursday, July 24th. DA Davidson boosted their price target on National Bank from $42.00 to $45.00 and gave the stock a "buy" rating in a research report on Thursday, July 24th. Zacks Research upgraded shares of National Bank from a "hold" rating to a "strong-buy" rating in a research note on Monday, September 1st. 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

NYSE:NBHC opened at $38.53 on Thursday. The firm has a market cap of $1.47 billion, a PE ratio of 12.43 and a beta of 0.78. National Bank has a 12 month low of $32.83 and a 12 month high of $51.76. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.18. The company's 50-day moving average price is $38.69 and its two-hundred day moving average price is $37.83.

National Bank (NYSE:NBHC - Get Free Report) last issued its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.06. National Bank had a net margin of 20.02% and a return on equity of 9.44%. The business had revenue of $104.48 million for the quarter, compared to the consensus estimate of $110.36 million. During the same quarter in the prior year, the company earned $0.68 EPS. The firm's quarterly revenue was up 7.0% on a year-over-year basis. On average, equities analysts anticipate that National Bank will post 3.31 EPS for the current fiscal year.

National Bank Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Stockholders 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 -3.1%. The ex-dividend date is Friday, August 29th. National Bank's payout ratio is 38.71%.

Hedge Funds Weigh In On National Bank

A number of institutional investors and hedge funds have recently modified their holdings of NBHC. Northern Trust Corp lifted its stake in shares of National Bank by 7.3% in the fourth quarter. Northern Trust Corp now owns 440,106 shares of the financial services provider's stock valued at $18,951,000 after buying an additional 29,823 shares in the last quarter. Balyasny Asset Management L.P. bought a new stake in shares of National Bank during the 4th quarter worth $554,000. Deutsche Bank AG raised its position in National Bank by 60.4% in the fourth quarter. Deutsche Bank AG now owns 30,067 shares of the financial services provider's stock worth $1,295,000 after acquiring an additional 11,318 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in National Bank by 3.5% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,987 shares of the financial services provider's stock worth $904,000 after acquiring an additional 715 shares during the period. Finally, Millennium Management LLC raised its position in National Bank by 45.2% in the fourth quarter. Millennium Management LLC now owns 9,243 shares of the financial services provider's stock worth $398,000 after acquiring an additional 2,876 shares during the period. 92.65% of the stock is currently owned by 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.

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