National Bank Holdings Co. (NYSE:NBHC) Receives $49.20 Average Price Target from Brokerages

Shares of National Bank Holdings Co. (NYSE:NBHC) have earned a consensus recommendation of “Hold” from the five brokerages that are presently covering the firm, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average twelve-month target price among brokers that have covered the stock in the last year is $50.00.

Several equities research analysts have commented on NBHC shares. DA Davidson boosted their price objective on National Bank from $51.00 to $53.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Keefe, Bruyette & Woods increased their price target on shares of National Bank from $39.00 to $45.00 and gave the company a “market perform” rating in a research note on Monday, July 29th. Piper Sandler boosted their price objective on shares of National Bank from $44.00 to $48.00 and gave the company a “neutral” rating in a report on Thursday, October 24th. StockNews.com cut National Bank from a “hold” rating to a “sell” rating in a research note on Wednesday, July 24th. Finally, Hovde Group cut 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 report on Monday.

Insider Buying and Selling

In other National Bank news, insider Richard U. Jr. Newfield sold 19,259 shares of the business’s stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $49.81, for a total transaction of $959,290.79. Following the completion of the transaction, the insider now directly owns 143,210 shares of the company’s stock, valued at $7,133,290.10. The trade was a 11.85 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Ralph W. Clermont sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $44.18, for a total value of $441,800.00. Following the completion of the sale, the director now owns 66,653 shares in the company, valued at approximately $2,944,729.54. This represents a 13.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 51,522 shares of company stock worth $2,380,956. 3.30% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On National Bank

Large investors have recently made changes to their positions in the company. Victory Capital Management Inc. boosted its holdings in National Bank by 12,407.1% in the second quarter. Victory Capital Management Inc. now owns 1,824,912 shares of the financial services provider’s stock worth $71,263,000 after purchasing an additional 1,810,321 shares in the last quarter. Principal Financial Group Inc. boosted its stake in National Bank by 194.7% in the 2nd quarter. Principal Financial Group Inc. now owns 577,793 shares of the financial services provider’s stock valued at $22,563,000 after buying an additional 381,754 shares in the last quarter. American Century Companies Inc. boosted its position in National Bank by 154.8% in the second quarter. American Century Companies Inc. now owns 377,929 shares of the financial services provider’s stock valued at $14,758,000 after buying an additional 229,630 shares in the last quarter. Russell Investments Group Ltd. raised its position in National Bank by 87.6% in the 1st quarter. Russell Investments Group Ltd. now owns 478,748 shares of the financial services provider’s stock valued at $17,268,000 after purchasing an additional 223,505 shares during the last quarter. Finally, Boston Partners raised its stake in shares of National Bank by 743.6% in the first quarter. Boston Partners now owns 200,094 shares of the financial services provider’s stock worth $7,211,000 after acquiring an additional 176,375 shares during the last quarter. Institutional investors and hedge funds own 92.65% of the company’s stock.

National Bank Price Performance

Shares of NYSE NBHC opened at $47.24 on Friday. The company has a market cap of $1.80 billion, a PE ratio of 14.67 and a beta of 0.84. National Bank has a fifty-two week low of $32.13 and a fifty-two week high of $51.76. 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 business has a 50-day simple moving average of $43.72 and a two-hundred day simple moving average of $40.85.

National Bank (NYSE:NBHC) last issued 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 business had revenue of $156.39 million during the quarter, compared to analysts’ expectations of $102.32 million. During the same quarter in the previous year, the firm posted $0.94 EPS. As a group, equities analysts expect that National Bank will post 3.18 EPS for the current fiscal year.

National Bank Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 2.46%. The ex-dividend date is Friday, November 29th. This is a boost from National Bank’s previous quarterly dividend of $0.28. National Bank’s dividend payout ratio is currently 34.67%.

National Bank Company Profile

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.