National Bank Holdings Corporation (NYSE:NBHC) Receives $46.20 Average Price Target from Brokerages

National Bank Holdings Corporation (NYSE:NBHC) has been given a consensus recommendation of “Moderate Buy” by the seven ratings firms that are currently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is $46.20.

A number of research analysts have recently commented on NBHC shares. DA Davidson restated a “buy” rating and set a $46.00 price target on shares of National Bank in a research report on Wednesday, April 22nd. Weiss Ratings lowered shares of National Bank from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, June 5th. Wall Street Zen upgraded shares of National Bank from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Finally, Piper Sandler boosted their price target on shares of National Bank from $48.00 to $52.00 and gave the company an “overweight” rating in a research report on Monday, April 27th.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Royal Bank of Canada grew its position in National Bank by 34.3% in the first quarter. Royal Bank of Canada now owns 23,683 shares of the financial services provider’s stock worth $906,000 after acquiring an additional 6,052 shares in the last quarter. AQR Capital Management LLC grew its position in 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 acquiring an additional 12,962 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in National Bank by 5.1% in 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 acquiring an additional 1,079 shares in the last quarter. Millennium Management LLC grew its position in National Bank by 2,057.9% in the first quarter. Millennium Management LLC now owns 199,453 shares of the financial services provider’s stock worth $7,633,000 after acquiring 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% in 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 worth $3,611,000 after acquiring an additional 9,626 shares in the last quarter. 92.65% of the stock is currently owned by hedge funds and other institutional investors.

National Bank Stock Down 0.2%

National Bank stock opened at $42.73 on Friday. The firm has a 50 day simple moving average of $42.15 and a 200 day simple moving average of $40.64. The firm has a market capitalization of $1.91 billion, a price-to-earnings ratio of 15.95 and a beta of 0.78. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.12. National Bank has a 1-year low of $35.06 and a 1-year high of $44.12.

National Bank (NYSE:NBHC) last released its quarterly earnings results on Tuesday, April 21st. The financial services provider reported $0.72 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.07. The firm had revenue of $126.78 million during the quarter, compared to analyst estimates of $129.30 million. National Bank had a net margin of 17.14% and a return on equity of 8.72%. The business’s revenue for the quarter was up 37.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.63 EPS. On average, analysts predict that National Bank will post 3.51 earnings per share for the current year.

National Bank Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, May 29th were given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date was Friday, May 29th. National Bank’s payout ratio is 47.76%.

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.