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

Shares of National Bank Holdings Corporation (NYSE:NBHC) have been given an average rating of “Moderate Buy” by the six research firms that are currently covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $45.25.

Several brokerages have recently weighed in on NBHC. Zacks Research upgraded National Bank from a “strong sell” rating to a “hold” rating in a report on Monday, December 22nd. Wall Street Zen cut National Bank from a “hold” rating to a “sell” rating in a report on Saturday, January 31st. Weiss Ratings reiterated a “hold (c)” rating on shares of National Bank in a research report on Thursday, January 22nd. Finally, DA Davidson reissued a “buy” rating and set a $48.00 price objective on shares of National Bank in a research note on Thursday, February 19th.

National Bank Stock Performance

NYSE:NBHC opened at $39.15 on Thursday. The company has a market cap of $1.76 billion, a P/E ratio of 13.74 and a beta of 0.79. National Bank has a twelve month low of $32.83 and a twelve month high of $42.99. The company’s 50-day moving average price is $40.57 and its 200-day moving average price is $38.97. The company has a current ratio of 0.94, a quick ratio of 0.93 and a debt-to-equity ratio of 0.04.

National Bank (NYSE:NBHC) last announced its quarterly earnings data on Tuesday, January 27th. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.87 by ($0.27). The business had revenue of $99.08 million for the quarter, compared to analysts’ expectations of $107.48 million. National Bank had a net margin of 18.66% and a return on equity of 8.65%. During the same period in the prior year, the company posted $0.86 EPS. On average, sell-side analysts forecast that National Bank will post 3.31 earnings per share for the current fiscal year.

National Bank Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 27th will be given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 3.3%. The ex-dividend date of this dividend is Friday, February 27th. This is a positive change from National Bank’s previous quarterly dividend of $0.31. National Bank’s dividend payout ratio is presently 44.91%.

Insider Activity

In other news, insider John Steinmetz acquired 24,200 shares of the company’s stock in a transaction that occurred on Wednesday, February 11th. The stock was purchased at an average price of $41.41 per share, with a total value of $1,002,122.00. Following the completion of the acquisition, the insider owned 536,504 shares of the company’s stock, valued at $22,216,630.64. This trade represents a 4.72% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 2.90% of the company’s stock.

Hedge Funds Weigh In On National Bank

Several institutional investors and hedge funds have recently bought and sold shares of the company. State Street Corp boosted its holdings in National Bank by 2.6% in the 4th quarter. State Street Corp now owns 1,888,885 shares of the financial services provider’s stock valued at $71,797,000 after purchasing an additional 47,991 shares during the last quarter. Westwood Holdings Group Inc. raised its position in shares of National Bank by 8.3% during the 2nd quarter. Westwood Holdings Group Inc. now owns 1,570,981 shares of the financial services provider’s stock valued at $59,085,000 after buying an additional 120,754 shares during the period. Deprince Race & Zollo Inc. raised its position in shares of National Bank by 215.4% during the 4th quarter. Deprince Race & Zollo Inc. now owns 1,162,432 shares of the financial services provider’s stock valued at $44,184,000 after buying an additional 793,902 shares during the period. Segall Bryant & Hamill LLC lifted its holdings in National Bank by 6.8% in the third quarter. Segall Bryant & Hamill LLC now owns 964,261 shares of the financial services provider’s stock valued at $37,259,000 after acquiring an additional 61,771 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in National Bank by 2.1% in the second quarter. Geode Capital Management LLC now owns 903,808 shares of the financial services provider’s stock worth $33,996,000 after acquiring an additional 18,612 shares during the period. 92.65% of the stock is currently owned by institutional investors and hedge funds.

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.