Shares of National Bank Holdings Co. (NYSE:NBHC) have been assigned an average recommendation of "Hold" from the six brokerages that are presently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell rating and three have issued a hold rating on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $31.50.
Several research analysts have issued reports on the company. TheStreet raised National Bank from a "c+" rating to a "b" rating in a report on Friday, October 16th. ValuEngine lowered National Bank from a "hold" rating to a "sell" rating in a research note on Tuesday, December 1st. DA Davidson lowered National Bank from a "buy" rating to a "neutral" rating and set a $35.00 price objective for the company. in a research report on Friday, November 20th. BidaskClub lowered shares of National Bank from a "hold" rating to a "sell" rating in a research note on Thursday, December 31st. Finally, Piper Sandler dropped their price target on shares of National Bank from $30.00 to $28.00 and set a "neutral" rating for the company in a research note on Thursday, October 1st.
In related news, Director Maria F. Spring sold 1,279 shares of the firm's stock in a transaction on Monday, November 9th. The stock was sold at an average price of $31.49, for a total transaction of $40,275.71. Following the sale, the director now owns 32,473 shares of the company's stock, valued at approximately $1,022,574.77. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Christopher S. Randall sold 8,900 shares of National Bank stock in a transaction dated Tuesday, December 1st. The stock was sold at an average price of $32.66, for a total value of $290,674.00. Following the transaction, the executive vice president now owns 4,827 shares in the company, valued at $157,649.82. The disclosure for this sale can be found here. Corporate insiders own 4.50% of the company's stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Segall Bryant & Hamill LLC grew its position in shares of National Bank by 63.1% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 832,651 shares of the financial services provider's stock valued at $21,855,000 after purchasing an additional 322,146 shares during the period. Nuveen Asset Management LLC increased its position in shares of National Bank by 31.7% during the second quarter. Nuveen Asset Management LLC now owns 714,285 shares of the financial services provider's stock worth $19,286,000 after acquiring an additional 171,967 shares in the last quarter. Handelsbanken Fonder AB raised its holdings in shares of National Bank by 3.8% during the third quarter. Handelsbanken Fonder AB now owns 675,000 shares of the financial services provider's stock worth $17,719,000 after acquiring an additional 25,000 shares during the period. William Blair Investment Management LLC lifted its position in National Bank by 9.2% in the 3rd quarter. William Blair Investment Management LLC now owns 340,571 shares of the financial services provider's stock valued at $8,940,000 after acquiring an additional 28,640 shares in the last quarter. Finally, Sei Investments Co. boosted its stake in National Bank by 6.1% in the 3rd quarter. Sei Investments Co. now owns 324,986 shares of the financial services provider's stock worth $8,531,000 after purchasing an additional 18,711 shares during the period. 87.26% of the stock is currently owned by institutional investors.
National Bank stock opened at $35.25 on Thursday. The business's fifty day moving average is $33.41 and its two-hundred day moving average is $29.78. The firm has a market cap of $1.08 billion, a P/E ratio of 13.61 and a beta of 1.06. National Bank has a 52 week low of $20.25 and a 52 week high of $37.15.
National Bank (NYSE:NBHC) last announced its earnings results on Tuesday, October 20th. The financial services provider reported $0.91 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.58 by $0.33. National Bank had a net margin of 23.03% and a return on equity of 10.63%. The company had revenue of $91.25 million during the quarter, compared to the consensus estimate of $78.24 million. During the same period in the previous year, the firm posted $0.71 earnings per share. As a group, equities analysts forecast that National Bank will post 2.68 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, December 15th. Shareholders of record on Friday, November 27th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.27%. The ex-dividend date was Wednesday, November 25th. National Bank's dividend payout ratio (DPR) is currently 31.37%.
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. The company offers deposit products, including checking accounts, savings accounts, money market accounts, and other deposit accounts, including fixed-rate and fixed maturity time deposits.
Further Reading: What is intrinsic value?
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