National Bank Holdings Corporation (NYSE:NBHC) Receives $45.80 Consensus Price Target from Brokerages

National Bank Holdings Corporation (NYSE:NBHC) has earned an average recommendation of “Moderate Buy” from the seven research firms that are presently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price target among brokers that have covered the stock in the last year is $45.80.

A number of research firms recently weighed in on NBHC. Piper Sandler assumed coverage on National Bank in a research report on Wednesday, March 25th. They issued an “overweight” rating and a $48.00 price target for the company. Weiss Ratings raised shares of National Bank from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday. Zacks Research upgraded shares of National Bank from a “strong sell” rating to a “hold” rating in a report on Monday, December 22nd. Wall Street Zen lowered shares of National Bank from a “hold” rating to a “sell” rating in a report on Saturday, January 31st. Finally, DA Davidson restated a “buy” rating and issued a $48.00 price target on shares of National Bank in a research report on Thursday, February 19th.

Insider Activity at National Bank

In other National Bank news, insider John Steinmetz bought 24,200 shares of the firm’s stock in a transaction dated Wednesday, February 11th. The stock was acquired at an average price of $41.41 per share, with a total value of $1,002,122.00. Following the completion of the transaction, 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 position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.90% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On National Bank

A number of institutional investors have recently bought and sold shares of the business. Royal Bank of Canada grew its stake in National Bank by 34.3% during the 1st quarter. Royal Bank of Canada now owns 23,683 shares of the financial services provider’s stock valued at $906,000 after acquiring an additional 6,052 shares in the last quarter. AQR Capital Management LLC lifted its position in shares of National Bank by 97.2% in the first quarter. AQR Capital Management LLC now owns 26,300 shares of the financial services provider’s stock worth $1,007,000 after purchasing an additional 12,962 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of National Bank by 5.1% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,066 shares of the financial services provider’s stock worth $844,000 after purchasing an additional 1,079 shares during the period. Millennium Management LLC grew its position in National Bank by 2,057.9% during the first quarter. Millennium Management LLC now owns 199,453 shares of the financial services provider’s stock valued at $7,633,000 after purchasing an additional 190,210 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in National Bank by 11.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 94,367 shares of the financial services provider’s stock valued at $3,611,000 after purchasing an additional 9,626 shares in the last quarter. 92.65% of the stock is currently owned by institutional investors and hedge funds.

National Bank Price Performance

NYSE NBHC opened at $39.61 on Monday. National Bank has a 1 year low of $32.83 and a 1 year high of $42.99. The business’s fifty day moving average is $40.10 and its two-hundred day moving average is $38.93. The stock has a market capitalization of $1.78 billion, a P/E ratio of 13.90 and a beta of 0.78. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.93 and a current ratio of 0.94.

National Bank (NYSE:NBHC) last issued its earnings results on Tuesday, January 27th. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.27). The company had revenue of $99.08 million during the quarter, compared to analyst estimates of $107.48 million. National Bank had a return on equity of 8.65% and a net margin of 18.66%.During the same quarter in the previous year, the firm earned $0.86 earnings per share. On average, research analysts forecast that National Bank will post 3.31 earnings per share for the current fiscal year.

National Bank Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Friday, February 27th were issued a $0.32 dividend. The ex-dividend date was Friday, February 27th. This is an increase from National Bank’s previous quarterly dividend of $0.31. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.2%. National Bank’s dividend payout ratio is currently 44.91%.

About National Bank

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.