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

Key Points

• Analyst consensus: Seven analysts rate National Bank Holdings as a "Moderate Buy" with an average 12‑month target of $45.40, and recent price targets from firms range from $46 to $48 amid some mixed upgrades and downgrades.
• Quarterly results: Q1 EPS of $0.72 beat estimates ($0.65) and revenue rose 37.8% year‑over‑year to $126.78M (slightly below the $129.3M estimate); the stock trades at a ~16.0 P/E with a market cap of ~$1.93B.
• Capital return and insider activity: The quarterly dividend was increased to $0.32 ($1.28 annual, ~3.0% yield) and insider John Steinmetz purchased 24,200 shares (~$1.0M), indicating insider confidence.

National Bank Holdings Corporation (NYSE:NBHC - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the seven analysts that are covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $45.40.

Several analysts recently issued reports on the company. DA Davidson reiterated a "buy" rating and set a $46.00 price objective on shares of National Bank in a report on Wednesday. Piper Sandler began coverage on National Bank in a report on Wednesday, March 25th. They set an "overweight" rating and a $48.00 target price on the stock. Weiss Ratings upgraded National Bank from a "hold (c+)" rating to a "buy (b-)" rating in a report on Monday, March 30th. Finally, Wall Street Zen lowered National Bank from a "hold" rating to a "sell" rating in a report on Saturday, January 31st.

National Bank Price Performance

Shares of NYSE:NBHC opened at $42.89 on Friday. The company has a current ratio of 0.95, a quick ratio of 0.93 and a debt-to-equity ratio of 0.12. National Bank has a 1 year low of $34.05 and a 1 year high of $43.09. The business has a fifty day simple moving average of $40.30 and a 200 day simple moving average of $39.18. The firm has a market cap of $1.93 billion, a price-to-earnings ratio of 16.01 and a beta of 0.78.

National Bank (NYSE:NBHC - Get Free Report) last announced its quarterly earnings data on Tuesday, April 21st. The financial services provider reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.07. National Bank had a return on equity of 8.72% and a net margin of 17.14%.The business had revenue of $126.78 million during the quarter, compared to analyst estimates of $129.30 million. During the same period last year, the company earned $0.63 earnings per share. National Bank's quarterly revenue was up 37.8% compared to the same quarter last year. As a group, sell-side analysts predict that National Bank will post 3.33 earnings per share for the current fiscal year.

National Bank Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Friday, February 27th were issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 3.0%. This is an increase from National Bank's previous quarterly dividend of $0.31. The ex-dividend date was Friday, February 27th. National Bank's dividend payout ratio is 47.76%.

Insiders Place Their Bets

In related news, insider John Steinmetz bought 24,200 shares of the business's stock in a transaction on Wednesday, February 11th. The shares were bought at an average cost of $41.41 per share, for a total transaction of $1,002,122.00. Following the completion of the acquisition, the insider directly owned 536,504 shares in the company, valued at approximately $22,216,630.64. This represents a 4.72% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 6.80% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On National Bank

Institutional investors have recently bought and sold shares of the stock. Aster Capital Management DIFC Ltd raised its holdings in National Bank by 650.9% during the third quarter. Aster Capital Management DIFC Ltd now owns 796 shares of the financial services provider's stock valued at $31,000 after buying an additional 690 shares in the last quarter. Meeder Asset Management Inc. bought a new position in National Bank during the fourth quarter valued at about $48,000. Global Retirement Partners LLC bought a new position in National Bank during the fourth quarter valued at about $66,000. State of Wyoming bought a new position in National Bank during the fourth quarter valued at about $69,000. Finally, Quarry LP increased its stake in shares of National Bank by 50.8% in the third quarter. Quarry LP now owns 1,819 shares of the financial services provider's stock worth $70,000 after purchasing an additional 613 shares during the period. 92.65% of the stock is currently owned by institutional investors.

National Bank Company Profile

National Bank Holdings Corporation NYSE: NBHC is a diversified financial services holding company headquartered in Cape Girardeau, Missouri. Through its network of community bank subsidiaries, the company provides deposit, lending and payment solutions to consumer, small business and commercial clients across multiple U.S. markets.

Since its founding in 1992, National Bank Holdings has pursued a growth strategy focused on acquiring and integrating locally branded community banks. Its footprint spans the Midwest and Southern United States, including Missouri, Kansas, Oklahoma, Texas, Colorado, Illinois and Tennessee.

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