Brokerages Set National Bank Holdings Co. (NYSE:NBHC) PT at $46.00

Shares of National Bank Holdings Co. (NYSE:NBHC) have been assigned a consensus recommendation of “Hold” from the five research firms that are covering the firm, Marketbeat.com reports. Four investment 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 issued ratings on the stock in the last year is $46.00.

A number of equities analysts have commented on NBHC shares. Hovde Group reduced their target price on shares of National Bank from $43.00 to $39.00 and set a “market perform” rating on the stock in a research note on Thursday, April 24th. DA Davidson dropped their price objective on shares of National Bank from $46.00 to $42.00 and set a “buy” rating for the company in a report on Wednesday, April 23rd. Finally, StockNews.com lowered shares of National Bank from a “hold” rating to a “sell” rating in a research note on Friday, May 2nd.

National Bank Stock Performance

NBHC opened at $38.25 on Friday. National Bank has a 52-week low of $32.83 and a 52-week high of $51.76. The firm’s fifty day simple moving average is $36.97 and its two-hundred day simple moving average is $41.96. The company has a quick ratio of 0.94, a current ratio of 0.95 and a debt-to-equity ratio of 0.08. The company has a market cap of $1.46 billion, a price-to-earnings ratio of 12.38 and a beta of 0.77.

National Bank (NYSE:NBHC) last issued its earnings results on Tuesday, April 22nd. The financial services provider reported $0.63 EPS for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.13). The business had revenue of $102.07 million during the quarter, compared to analyst estimates of $107.47 million. National Bank had a net margin of 19.82% and a return on equity of 9.76%. During the same quarter last year, the company earned $0.82 earnings per share. Equities analysts anticipate that National Bank will post 3.31 earnings per share for the current fiscal year.

National Bank Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be given a $0.30 dividend. The ex-dividend date of this dividend is Friday, May 30th. This is a boost from National Bank’s previous quarterly dividend of $0.29. This represents a $1.20 dividend on an annualized basis and a yield of 3.14%. National Bank’s payout ratio is 41.38%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. CWM LLC increased its stake in National Bank by 158.4% in the first quarter. CWM LLC now owns 783 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 480 shares during the period. Quarry LP boosted its holdings in National Bank by 503.1% during the fourth quarter. Quarry LP now owns 971 shares of the financial services provider’s stock worth $42,000 after buying an additional 810 shares in the last quarter. Sterling Capital Management LLC boosted its position in National Bank by 815.5% during the fourth quarter. Sterling Capital Management LLC now owns 1,181 shares of the financial services provider’s stock worth $51,000 after purchasing an additional 1,052 shares in the last quarter. KBC Group NV grew its position in shares of National Bank by 82.5% in the fourth quarter. KBC Group NV now owns 2,389 shares of the financial services provider’s stock valued at $103,000 after purchasing an additional 1,080 shares during the last quarter. Finally, Aquatic Capital Management LLC acquired a new position in National Bank in the 4th quarter valued at about $174,000. Institutional investors and hedge funds own 92.65% of the company’s stock.

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.