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

Shares of National Bank Holdings Corporation (NYSE:NBHC) have received an average rating of “Moderate Buy” from the seven research firms that are covering the company, MarketBeat.com reports. Two analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $45.80.

NBHC has been the subject of a number of recent analyst reports. Wall Street Zen lowered National Bank from a “hold” rating to a “sell” rating in a research report on Saturday, January 31st. DA Davidson reissued a “buy” rating and set a $48.00 target price on shares of National Bank in a research note on Thursday, February 19th. Zacks Research raised National Bank from a “strong sell” rating to a “hold” rating in a research note on Monday, December 22nd. Weiss Ratings raised shares of National Bank from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, March 30th. Finally, Piper Sandler started coverage on shares of National Bank in a report on Wednesday, March 25th. They issued an “overweight” rating and a $48.00 price objective for the company.

Insiders Place Their Bets

In other news, insider John Steinmetz acquired 24,200 shares of the business’s stock in a transaction on Wednesday, February 11th. The shares were acquired at an average cost of $41.41 per share, with a total value of $1,002,122.00. Following the transaction, the insider owned 536,504 shares in the company, valued at $22,216,630.64. The trade was a 4.72% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 2.90% of the company’s stock.

Institutional Inflows and Outflows

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

National Bank Price Performance

Shares of National Bank stock opened at $39.61 on Monday. The company’s fifty day simple moving average is $40.10 and its two-hundred day simple moving average is $38.94. National Bank has a 12-month low of $32.83 and a 12-month high of $42.99. The firm has a market cap of $1.78 billion, a PE ratio of 13.90 and a beta of 0.78. The company has a quick ratio of 0.93, a current ratio of 0.94 and a debt-to-equity ratio of 0.04.

National Bank (NYSE:NBHC) last posted its earnings results on Tuesday, January 27th. The financial services provider reported $0.60 earnings per share for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.27). The firm had revenue of $99.08 million for the quarter, compared to analysts’ expectations 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 company posted $0.86 earnings per share. As a group, equities analysts expect that National Bank will post 3.31 EPS for the current year.

National Bank Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Friday, February 27th were issued a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 3.2%. This is a boost from National Bank’s previous quarterly dividend of $0.31. The ex-dividend date was Friday, February 27th. National Bank’s dividend payout ratio (DPR) is 44.91%.

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.