Brokerages Set National Bank Holdings Corporation (NYSE:NBHC) PT at $44.50

Shares of National Bank Holdings Corporation (NYSE:NBHC) have received an average recommendation of “Moderate Buy” from the six ratings firms that are currently covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $44.50.

NBHC has been the subject of a number of recent research reports. Hovde Group upgraded shares of National Bank from a “market perform” rating to an “outperform” rating and set a $46.00 price target for the company in a research note on Thursday, September 18th. Keefe, Bruyette & Woods upped their target price on shares of National Bank from $44.00 to $45.00 and gave the company a “market perform” rating in a report on Wednesday, September 17th. Weiss Ratings reiterated a “hold (c)” rating on shares of National Bank in a research note on Wednesday, October 8th. Zacks Research upgraded National Bank from a “strong sell” rating to a “hold” rating in a research report on Monday, December 22nd. Finally, Stephens raised National Bank from an “equal weight” rating to an “overweight” rating and set a $42.00 price objective for the company in a research note on Monday, November 10th.

Hedge Funds Weigh In On National Bank

Hedge funds and other institutional investors have recently bought and sold shares of the company. Charles Schwab Investment Management Inc. increased its stake in National Bank by 2.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 366,070 shares of the financial services provider’s stock valued at $14,009,000 after buying an additional 9,021 shares during the period. AlphaQuest LLC boosted its holdings in shares of National Bank by 29,422.8% in the first quarter. AlphaQuest LLC now owns 42,808 shares of the financial services provider’s stock valued at $1,638,000 after acquiring an additional 42,663 shares in the last quarter. Quarry LP increased its stake in shares of National Bank by 40.3% during the first quarter. Quarry LP now owns 1,362 shares of the financial services provider’s stock worth $52,000 after acquiring an additional 391 shares during the period. Royal Bank of Canada raised its holdings in National Bank by 34.3% during the first quarter. Royal Bank of Canada now owns 23,683 shares of the financial services provider’s stock worth $906,000 after purchasing an additional 6,052 shares in the last quarter. Finally, Focus Partners Advisor Solutions LLC lifted its position in National Bank by 0.3% in the first quarter. Focus Partners Advisor Solutions LLC now owns 107,104 shares of the financial services provider’s stock valued at $4,099,000 after purchasing an additional 288 shares during the period. 92.65% of the stock is currently owned by hedge funds and other institutional investors.

National Bank Trading Down 0.6%

NYSE:NBHC opened at $38.87 on Friday. The company has a market capitalization of $1.47 billion, a PE ratio of 12.30 and a beta of 0.81. National Bank has a 52-week low of $32.83 and a 52-week high of $44.92. The stock’s 50 day moving average price is $37.66 and its 200 day moving average price is $38.09. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.04.

National Bank (NYSE:NBHC) last posted its quarterly earnings data on Thursday, August 14th. The financial services provider reported $0.63 earnings per share for the quarter. The business had revenue of $102.07 million during the quarter. National Bank had a return on equity of 9.56% and a net margin of 20.50%. On average, research analysts anticipate that National Bank will post 3.31 EPS for the current year.

National Bank Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Friday, November 28th were issued a $0.31 dividend. The ex-dividend date of this dividend was Friday, November 28th. This is an increase from National Bank’s previous quarterly dividend of ($0.30). This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.2%. National Bank’s dividend payout ratio is presently 39.24%.

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.