National Bank Holdings Corporation (NYSE:NBHC) Receives $46.20 Consensus PT from Analysts

Shares of National Bank Holdings Corporation (NYSE:NBHC) have been given an average rating of “Moderate Buy” by the seven ratings firms that are presently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $46.20.

Several research analysts have weighed in on the company. Piper Sandler upped their price target on 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 research report on Saturday, May 9th. Weiss Ratings raised shares of National Bank from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, June 24th. Finally, DA Davidson restated a “buy” rating and set a $46.00 target price on shares of National Bank in a research report on Wednesday, April 22nd.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in NBHC. Meeder Asset Management Inc. bought a new stake in shares of National Bank in the fourth quarter worth about $48,000. Global Retirement Partners LLC purchased a new stake in shares of National Bank in the fourth quarter worth about $66,000. Quarry LP boosted its stake in National Bank by 50.8% during the third quarter. Quarry LP now owns 1,819 shares of the financial services provider’s stock valued at $70,000 after buying an additional 613 shares during the last quarter. State of Wyoming bought a new position in National Bank during the fourth quarter valued at approximately $69,000. Finally, Nisa Investment Advisors LLC grew its holdings in National Bank by 17.9% during the 4th quarter. Nisa Investment Advisors LLC now owns 3,283 shares of the financial services provider’s stock valued at $125,000 after buying an additional 499 shares in the last quarter. Institutional investors own 92.65% of the company’s stock.

National Bank Price Performance

Shares of National Bank stock opened at $44.42 on Wednesday. The stock’s 50-day simple moving average is $42.78 and its 200-day simple moving average is $41.19. National Bank has a 52 week low of $35.06 and a 52 week high of $45.63. The company has a market capitalization of $1.99 billion, a price-to-earnings ratio of 16.57 and a beta of 0.78. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.12.

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

National Bank Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, May 29th were paid a $0.32 dividend. The ex-dividend date was Friday, May 29th. This represents a $1.28 annualized dividend and a yield of 2.9%. National Bank’s payout ratio is presently 47.76%.

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.