National Bank Holdings Co. (NYSE:NBHC) Receives $51.40 Consensus Price Target from Analysts

Shares of National Bank Holdings Co. (NYSE:NBHC) have been assigned an average rating of “Hold” from the five analysts that are currently covering the stock, Marketbeat reports. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $51.40.

A number of research firms recently issued reports on NBHC. Hovde Group cut National Bank from an “outperform” rating to a “market perform” rating and set a $55.00 price objective for the company. in a research report on Monday, November 18th. StockNews.com raised National Bank from a “sell” rating to a “hold” rating in a research report on Thursday. Finally, Keefe, Bruyette & Woods lifted their price objective on National Bank from $47.00 to $52.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th.

Institutional Investors Weigh In On National Bank

Several large investors have recently modified their holdings of NBHC. Leeward Investments LLC MA grew its position in National Bank by 64.2% during the 3rd quarter. Leeward Investments LLC MA now owns 374,638 shares of the financial services provider’s stock worth $15,772,000 after acquiring an additional 146,494 shares during the last quarter. Principal Financial Group Inc. grew its position in National Bank by 36.1% during the 3rd quarter. Principal Financial Group Inc. now owns 786,096 shares of the financial services provider’s stock worth $33,095,000 after acquiring an additional 208,303 shares during the last quarter. Assetmark Inc. acquired a new position in National Bank during the 3rd quarter worth $71,000. Atria Investments Inc acquired a new position in National Bank during the 3rd quarter worth $202,000. Finally, Victory Capital Management Inc. lifted its holdings in National Bank by 56.0% during the 3rd quarter. Victory Capital Management Inc. now owns 2,846,741 shares of the financial services provider’s stock worth $119,848,000 after buying an additional 1,021,829 shares in the last quarter. 92.65% of the stock is currently owned by institutional investors.

National Bank Stock Performance

Shares of NBHC stock opened at $41.77 on Friday. National Bank has a 1-year low of $32.13 and a 1-year high of $51.76. The company has a current ratio of 0.95, a quick ratio of 0.94 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $1.59 billion, a price-to-earnings ratio of 13.52 and a beta of 0.85. The stock’s fifty day simple moving average is $42.98 and its 200-day simple moving average is $43.76.

National Bank (NYSE:NBHC) last issued its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $0.07. National Bank had a return on equity of 9.76% and a net margin of 19.82%. On average, sell-side analysts predict that National Bank will post 3.31 earnings per share for the current fiscal year.

National Bank Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be paid a dividend of $0.29 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.16 annualized dividend and a yield of 2.78%. National Bank’s dividend payout ratio is 37.54%.

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.