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

Shares of National Bank Holdings Corporation (NYSE:NBHC) have received an average recommendation of “Moderate Buy” from the seven brokerages that are currently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $46.20.

Several brokerages have commented on NBHC. Weiss Ratings upgraded shares of National Bank from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, June 24th. Piper Sandler lifted their price objective on shares of National Bank from $48.00 to $52.00 and gave the stock an “overweight” rating in a research note on Monday, April 27th. Wall Street Zen upgraded shares of National Bank from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Finally, DA Davidson reissued a “buy” rating and set a $46.00 target price on shares of National Bank in a research note on Wednesday, April 22nd.

National Bank Stock Performance

NBHC opened at $45.07 on Wednesday. The business has a 50 day moving average price of $42.87 and a two-hundred day moving average price of $41.27. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.95 and a quick ratio of 0.95. The company has a market capitalization of $2.02 billion, a price-to-earnings ratio of 16.82 and a beta of 0.78. National Bank has a 1-year low of $35.06 and a 1-year high of $45.63.

National Bank (NYSE:NBHC) last issued its quarterly earnings results on Tuesday, April 21st. The financial services provider reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.07. National Bank had a return on equity of 8.72% and a net margin of 17.14%.The company had revenue of $126.78 million for the quarter, compared to analysts’ expectations of $129.30 million. During the same period last year, the firm earned $0.63 EPS. The firm’s revenue for the quarter was up 37.8% on a year-over-year basis. Research analysts predict that National Bank will post 3.51 EPS for the current fiscal year.

National Bank Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, May 29th were issued a $0.32 dividend. The ex-dividend date of this dividend was Friday, May 29th. This represents a $1.28 annualized dividend and a dividend yield of 2.8%. National Bank’s dividend payout ratio is currently 47.76%.

Institutional Investors Weigh In On National Bank

A number of institutional investors and hedge funds have recently modified their holdings of NBHC. Meeder Asset Management Inc. acquired a new position in shares of National Bank in the 4th quarter worth $48,000. Global Retirement Partners LLC purchased a new stake in shares of National Bank during the fourth quarter valued at $66,000. State of Wyoming acquired a new position in shares of National Bank in the 4th quarter valued at $69,000. Quarry LP boosted 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 valued at $70,000 after purchasing an additional 613 shares during the period. Finally, Nisa Investment Advisors LLC increased its stake in National Bank by 17.9% in the 4th quarter. Nisa Investment Advisors LLC now owns 3,283 shares of the financial services provider’s stock worth $125,000 after purchasing an additional 499 shares in the last quarter. Institutional investors and hedge funds own 92.65% of the company’s stock.

About National Bank

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.