Brokerages Set National Bank Holdings Co. (NYSE:NBHC) Price Target at $51.40

National Bank Holdings Co. (NYSE:NBHC) has been assigned a consensus recommendation of “Hold” from the five brokerages that are covering the stock, MarketBeat reports. Four investment analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $51.40.

NBHC has been the subject of several recent research reports. Hovde Group lowered shares of National Bank from an “outperform” rating to a “market perform” rating and set a $55.00 price objective for the company. in a research note on Monday, November 18th. Keefe, Bruyette & Woods raised their price target on shares of National Bank from $47.00 to $52.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. DA Davidson upped their price objective on National Bank from $51.00 to $53.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Piper Sandler lifted their target price on National Bank from $44.00 to $48.00 and gave the company a “neutral” rating in a report on Thursday, October 24th. Finally, Stephens upped their price target on National Bank from $46.00 to $49.00 and gave the stock an “equal weight” rating in a report on Thursday, October 24th.

Insider Activity

In other news, insider Valerie D. Kramer sold 897 shares of the company’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $50.11, for a total value of $44,948.67. Following the completion of the transaction, the insider now owns 9,755 shares in the company, valued at approximately $488,823.05. This represents a 8.42 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Richard U. Jr. Newfield sold 19,259 shares of National Bank stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $49.81, for a total transaction of $959,290.79. Following the sale, the insider now owns 143,210 shares in the company, valued at $7,133,290.10. This represents a 11.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 21,431 shares of company stock worth $1,067,505. 3.30% of the stock is currently owned by insiders.

Institutional Trading of National Bank

Large investors have recently made changes to their positions in the company. Victory Capital Management Inc. boosted its holdings in shares of National Bank by 56.0% in the third quarter. Victory Capital Management Inc. now owns 2,846,741 shares of the financial services provider’s stock valued at $119,848,000 after acquiring an additional 1,021,829 shares during the period. Dimensional Fund Advisors LP raised its position in National Bank by 9.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,950,210 shares of the financial services provider’s stock valued at $76,152,000 after purchasing an additional 167,711 shares during the last quarter. State Street Corp boosted its stake in National Bank by 7.6% during the 3rd quarter. State Street Corp now owns 1,799,224 shares of the financial services provider’s stock worth $75,747,000 after purchasing an additional 126,796 shares during the period. Geode Capital Management LLC grew its position in National Bank by 1.1% during the 3rd quarter. Geode Capital Management LLC now owns 861,483 shares of the financial services provider’s stock worth $36,276,000 after purchasing an additional 9,723 shares during the last quarter. Finally, Principal Financial Group Inc. increased its stake in National Bank by 36.1% in the third quarter. Principal Financial Group Inc. now owns 786,096 shares of the financial services provider’s stock valued at $33,095,000 after purchasing an additional 208,303 shares during the period. 92.65% of the stock is owned by institutional investors and hedge funds.

National Bank Stock Up 0.1 %

National Bank stock opened at $42.84 on Friday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.92 and a current ratio of 0.92. The firm has a 50 day moving average price of $46.18 and a 200 day moving average price of $43.21. National Bank has a fifty-two week low of $32.13 and a fifty-two week high of $51.76. The company has a market capitalization of $1.63 billion, a PE ratio of 13.26 and a beta of 0.86.

National Bank (NYSE:NBHC) last posted its quarterly earnings data on Tuesday, October 22nd. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.10. National Bank had a return on equity of 9.93% and a net margin of 20.52%. The firm had revenue of $156.39 million for the quarter, compared to the consensus estimate of $102.32 million. During the same quarter in the previous year, the business earned $0.94 EPS. Research analysts expect that National Bank will post 3.18 earnings per share for the current year.

National Bank Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 2.71%. This is an increase from National Bank’s previous quarterly dividend of $0.28. The ex-dividend date was Friday, November 29th. National Bank’s payout ratio is 35.91%.

About National Bank

National Bank Holdings Corporation operates as the bank holding company for NBH Bank that provides various banking products and financial services to commercial, business, and consumer clients in the United States. It offers deposit products, including checking, savings, money market, and other deposit accounts, including fixed-rate and fixed maturity time deposits.