National Bank Holdings Corporation (NYSE:NBHC) Stock Rated “Hold” by Sell-Side Analysts

Shares of National Bank Holdings Corporation (NYSE:NBHC) have received an average recommendation of “Hold” from the five analysts that are covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $42.33.

Several research analysts have recently weighed in on the stock. DA Davidson decreased their target price on shares of National Bank from $45.00 to $43.00 and set a “buy” rating for the company in a research note on Monday, October 5th. Stephens dropped their price target on shares of National Bank from $44.00 to $39.00 and set an “equal weight” rating on the stock in a research note on Monday, November 2nd. Weiss Ratings downgraded shares of National Bank from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, November 9th. Piper Sandler cut their price objective on shares of National Bank from $49.00 to $45.00 and set an “overweight” rating on the stock in a report on Thursday, October 15th. Finally, Zacks Research raised shares of National Bank from a “strong sell” rating to a “hold” rating in a research report on Monday, October 5th.

National Bank Stock Up 0.9%

Shares of NYSE:NBHC traded up $0.33 during mid-day trading on Tuesday, hitting $37.37. 252,247 shares of the company traded hands, compared to its average volume of 412,942. The firm’s 50 day simple moving average is $38.90 and its 200 day simple moving average is $41.16. The firm has a market cap of $1.66 billion, a P/E ratio of 29.65 and a beta of 0.83. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.96 and a current ratio of 0.96. National Bank has a 52-week low of $35.50 and a 52-week high of $47.28.

National Bank (NYSE:NBHC) last released its quarterly earnings results on Tuesday, October 27th. The financial services provider reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.73). National Bank had a return on equity of 5.90% and a net margin of 8.02%. The company had revenue of $126.44 million during the quarter, compared to analysts’ expectations of $134.81 million. During the same quarter in the prior year, the company earned $0.92 EPS. On average, equities analysts anticipate that National Bank will post 2.75 EPS for the current year.

National Bank Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Friday, November 27th will be paid a dividend of $0.33 per share. This is an increase from National Bank’s previous quarterly dividend of $0.32. The ex-dividend date is Friday, November 27th. This represents a $1.32 annualized dividend and a dividend yield of 3.5%. National Bank’s dividend payout ratio (DPR) is currently 104.76%.

Insider Activity

In related news, Director Art Zeile sold 4,000 shares of National Bank stock in a transaction on Friday, October 30th. The shares were sold at an average price of $37.43, for a total value of $149,720.00. Following the completion of the sale, the director owned 15,816 shares in the company, valued at approximately $591,992.88. The trade was a 20.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 6.80% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Nykredit A S bought a new stake in National Bank in the second quarter valued at about $34,000. Versant Capital Management Inc lifted its holdings in National Bank by 108.7% during the 3rd quarter. Versant Capital Management Inc now owns 887 shares of the financial services provider’s stock worth $35,000 after buying an additional 462 shares during the last quarter. Integrated Wealth Concepts LLC bought a new position in National Bank during the 2nd quarter worth approximately $90,000. Arrowstreet Capital Limited Partnership bought a new position in National Bank during the 1st quarter worth approximately $219,000. Finally, Pictet Asset Management Holding SA acquired a new position in shares of National Bank in the 1st quarter worth approximately $221,000. 92.65% of the stock is currently owned by institutional investors.

National Bank Company Profile

National Bank Holdings Corporation is a bank holding company whose subsidiary, NBH Bank, provides commercial and consumer banking services. It serves individuals, businesses and organizations through regional banking brands, including Community Banks of Colorado, Bank Midwest and Hillcrest Bank. Its offerings include deposit accounts, commercial and consumer loans, mortgage services, treasury management and other banking services. The company’s banking operations serve communities in Colorado, Kansas, Missouri, New Mexico, Texas and Utah.