National Bank Holdings Corporation (NYSE:NBHC) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of National Bank Holdings Corporation (NYSE:NBHC) have earned a consensus recommendation of “Moderate Buy” from the six analysts that are currently covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $44.75.

A number of brokerages have recently issued reports on NBHC. Zacks Research raised shares of National Bank from a “strong sell” rating to a “hold” rating in a research report on Monday, December 22nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of National Bank in a report on Thursday, January 22nd. DA Davidson reaffirmed a “buy” rating and set a $46.00 price target on shares of National Bank in a research report on Wednesday, January 28th. Stephens upgraded National Bank from an “equal weight” rating to an “overweight” rating and set a $42.00 price objective for the company in a report on Monday, November 10th. Finally, Wall Street Zen downgraded National Bank from a “hold” rating to a “sell” rating in a research note on Saturday, January 31st.

Insider Activity at National Bank

In related news, insider John Steinmetz acquired 24,200 shares of the firm’s stock in a transaction that occurred on Wednesday, February 11th. The stock was purchased at an average cost of $41.41 per share, with a total value of $1,002,122.00. Following the transaction, the insider directly 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 purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 2.90% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Aster Capital Management DIFC Ltd lifted its stake in shares of National Bank by 650.9% during the third quarter. Aster Capital Management DIFC Ltd now owns 796 shares of the financial services provider’s stock worth $31,000 after buying an additional 690 shares during the period. Meeder Asset Management Inc. purchased a new position in National Bank in the 4th quarter worth $48,000. Global Retirement Partners LLC purchased a new position in National Bank in the 4th quarter worth $66,000. State of Wyoming acquired a new stake in National Bank during the 4th quarter worth about $69,000. Finally, Quarry LP grew its stake in National Bank by 50.8% during the 3rd quarter. Quarry LP now owns 1,819 shares of the financial services provider’s stock valued at $70,000 after purchasing an additional 613 shares during the last quarter. Hedge funds and other institutional investors own 92.65% of the company’s stock.

National Bank Trading Down 2.0%

Shares of NYSE NBHC opened at $40.72 on Friday. National Bank has a 1-year low of $32.83 and a 1-year high of $43.53. The business has a fifty day moving average price of $39.98 and a 200 day moving average price of $38.52. The stock has a market capitalization of $1.54 billion, a P/E ratio of 14.29 and a beta of 0.81. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.94 and a quick ratio of 0.93.

National Bank (NYSE:NBHC) last announced its earnings results on Tuesday, January 27th. The financial services provider reported $0.60 EPS for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.27). The firm had revenue of $100.64 million during the quarter, compared to the consensus estimate 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 prior year, the firm posted $0.86 earnings per share. Equities research analysts expect that National Bank will post 3.31 EPS for the current fiscal year.

National Bank Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 27th will be paid a dividend of $0.32 per share. The ex-dividend date is Friday, February 27th. This is a positive change 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 3.1%. National Bank’s payout ratio is presently 43.51%.

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.