National Bank Holdings Corporation (NYSE:NBHC) Stock Has Average Price Target of $44.67

National Bank Holdings Corporation (NYSE:NBHC) has been assigned a consensus recommendation of “Hold” from the five research firms that are covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $44.67.

A number of research firms have weighed in on NBHC. Stephens downgraded shares of National Bank from an “overweight” rating to an “equal weight” rating and set a $46.00 target price for the company. in a research report on Thursday, August 6th. Zacks Research upgraded shares of National Bank from a “strong sell” rating to a “hold” rating in a report on Monday, October 5th. DA Davidson dropped their price target on shares of National Bank from $45.00 to $43.00 and set a “buy” rating on the stock in a research report on Monday, October 5th. Weiss Ratings downgraded shares of National Bank from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday. Finally, Piper Sandler reduced their price objective on shares of National Bank from $49.00 to $45.00 and set an “overweight” rating on the stock in a research note on Thursday, October 15th.

Hedge Funds Weigh In On National Bank

Several hedge funds and other institutional investors have recently bought and sold shares of NBHC. Avidian Wealth Enterprises LLC bought a new stake in shares of National Bank during the 3rd quarter valued at about $291,000. Versant Capital Management Inc grew its stake in National Bank by 108.7% during the third quarter. Versant Capital Management Inc now owns 887 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 462 shares during the period. Sequoia Financial Advisors LLC acquired a new stake in National Bank during the second quarter worth approximately $433,000. Integrated Wealth Concepts LLC acquired a new stake in National Bank during the second quarter worth approximately $90,000. Finally, Squarepoint Ops LLC increased its holdings in National Bank by 31.3% in the second quarter. Squarepoint Ops LLC now owns 16,655 shares of the financial services provider’s stock worth $740,000 after purchasing an additional 3,974 shares in the last quarter. Institutional investors and hedge funds own 92.65% of the company’s stock.

National Bank Trading Up 1.5%

Shares of NBHC stock opened at $38.06 on Friday. The stock has a market cap of $1.70 billion, a price-to-earnings ratio of 15.99 and a beta of 0.84. The stock has a 50-day moving average of $40.42 and a 200-day moving average of $41.96. The company has a current ratio of 0.97, a quick ratio of 0.96 and a debt-to-equity ratio of 0.20. National Bank has a 1-year low of $35.06 and a 1-year high of $47.28.

National Bank (NYSE:NBHC) last issued its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.03). The company had revenue of $129.94 million for the quarter, compared to the consensus estimate of $135.08 million. National Bank had a return on equity of 8.35% and a net margin of 15.11%. National Bank’s revenue was up 23.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.88 earnings per share. On average, equities research analysts forecast that National Bank will post 2.80 earnings per share for the current year.

National Bank Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Friday, August 28th were paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend was Friday, August 28th. National Bank’s dividend payout ratio (DPR) is currently 53.78%.

National Bank Company Profile

National Bank Holdings Corporation (NYSE: NBHC) is a bank holding company that operates through its principal subsidiary, NBH Bank. The company provides community banking services to businesses, individuals and institutions, with a focus on relationship-based banking and local market expertise.

NBH Bank offers a range of financial products and services, including commercial and small-business loans, consumer lending, residential real estate financing, business and personal deposit accounts, treasury management, online and mobile banking, and wealth management services.