National Bank Holdings Corporation (NYSE:NBHC) Receives Consensus Rating of “Moderate Buy” from Brokerages

National Bank Holdings Corporation (NYSE:NBHC) has been assigned an average rating of “Moderate Buy” from the five research firms that are covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $45.3333.

NBHC has been the subject of a number of research reports. Wall Street Zen upgraded shares of National Bank from a “strong sell” rating to a “hold” rating in a report on Saturday, July 26th. Keefe, Bruyette & Woods raised their price objective on shares of National Bank from $44.00 to $45.00 and gave the stock a “market perform” rating in a research note on Wednesday, September 17th. Zacks Research raised shares of National Bank from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 1st. Hovde Group raised shares of National Bank from a “market perform” rating to an “outperform” rating and set a $46.00 price objective for the company in a research note on Thursday, September 18th. Finally, DA Davidson raised their price objective on shares of National Bank from $42.00 to $45.00 and gave the stock a “buy” rating in a research note on Thursday, July 24th.

National Bank Price Performance

NYSE NBHC opened at $35.94 on Friday. National Bank has a 12 month low of $32.83 and a 12 month high of $51.76. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.93 and a quick ratio of 0.93. The firm has a market capitalization of $1.37 billion, a PE ratio of 11.37 and a beta of 0.80. The company’s 50 day simple moving average is $38.14 and its 200 day simple moving average is $37.76.

National Bank (NYSE:NBHC) last posted its quarterly earnings data on Thursday, August 14th. The financial services provider reported $0.63 EPS for the quarter. National Bank had a net margin of 20.50% and a return on equity of 9.56%. The business had revenue of $102.07 million for the quarter. As a group, equities research analysts forecast that National Bank will post 3.31 EPS for the current fiscal year.

National Bank Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Friday, November 28th will be given a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date is Friday, November 28th. This is a positive change from National Bank’s previous quarterly dividend of ($0.30). National Bank’s payout ratio is currently 37.97%.

Institutional Investors Weigh In On National Bank

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Leeward Investments LLC MA raised its holdings in shares of National Bank by 12.0% during the 1st quarter. Leeward Investments LLC MA now owns 390,439 shares of the financial services provider’s stock valued at $14,942,000 after purchasing an additional 41,828 shares in the last quarter. Rosenthal Henry Capital Advisors Inc. raised its holdings in shares of National Bank by 48.3% during the 1st quarter. Rosenthal Henry Capital Advisors Inc. now owns 33,775 shares of the financial services provider’s stock valued at $1,293,000 after purchasing an additional 11,000 shares in the last quarter. CWM LLC raised its holdings in shares of National Bank by 158.4% during the 1st quarter. CWM LLC now owns 783 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 480 shares in the last quarter. Victory Capital Management Inc. raised its holdings in shares of National Bank by 2.6% during the 1st quarter. Victory Capital Management Inc. now owns 2,851,786 shares of the financial services provider’s stock valued at $109,138,000 after purchasing an additional 72,805 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of National Bank during the 1st quarter valued at $217,000. Hedge funds and other institutional investors own 92.65% of the company’s stock.

National Bank Company Profile

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.