National Bank Holdings Corporation (NYSE:NBHC) Stock Has Consensus Price Target of $44.67

Shares of National Bank Holdings Corporation (NYSE:NBHC) have earned a consensus rating of “Moderate Buy” from the five brokerages that are currently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price target among brokers that have covered the stock in the last year is $44.67.

NBHC has been the subject of several research analyst reports. Zacks Research upgraded National Bank from a “strong sell” rating to a “hold” rating in a research report on Monday, October 5th. Piper Sandler lowered their target price on National Bank from $49.00 to $45.00 and set an “overweight” rating for the company in a research note on Thursday. Stephens cut National Bank from an “overweight” rating to an “equal weight” rating and set a $46.00 target price for the company. in a research note on Thursday, August 6th. Weiss Ratings downgraded shares of National Bank from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, August 11th. Finally, DA Davidson cut their price target on shares of National Bank from $45.00 to $43.00 and set a “buy” rating on the stock in a research note on Monday, October 5th.

National Bank Stock Performance

NBHC stock opened at $37.87 on Friday. National Bank has a 1-year low of $35.06 and a 1-year high of $47.28. The company has a current ratio of 0.97, a quick ratio of 0.96 and a debt-to-equity ratio of 0.20. The firm has a market cap of $1.69 billion, a PE ratio of 15.91 and a beta of 0.84. The business’s 50-day moving average price is $40.63 and its two-hundred day moving average price is $41.98.

National Bank (NYSE:NBHC) last announced its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.81 by ($0.03). The business had revenue of $129.94 million during the quarter, compared to the consensus estimate of $135.08 million. National Bank had a return on equity of 8.35% and a net margin of 15.11%. The firm’s revenue was up 23.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.88 earnings per share. As a group, research analysts forecast that National Bank will post 2.80 earnings per share for the current year.

National Bank Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Friday, August 28th were given a dividend of $0.32 per share. The ex-dividend date of this dividend was Friday, August 28th. This represents a $1.28 annualized dividend and a dividend yield of 3.4%. National Bank’s dividend payout ratio is currently 53.78%.

Institutional Investors Weigh In On National Bank

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Illinois Municipal Retirement Fund boosted its stake in National Bank by 1.5% in the 1st quarter. Illinois Municipal Retirement Fund now owns 19,816 shares of the financial services provider’s stock worth $776,000 after purchasing an additional 300 shares during the period. Versant Capital Management Inc increased its holdings in National Bank by 108.7% during the 3rd quarter. Versant Capital Management Inc now owns 887 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 462 shares in the last quarter. Nykredit A S acquired a new stake in shares of National Bank in the 2nd quarter valued at about $34,000. The Manufacturers Life Insurance Company raised its stake in shares of National Bank by 5.0% in the 1st quarter. The Manufacturers Life Insurance Company now owns 17,405 shares of the financial services provider’s stock valued at $682,000 after purchasing an additional 826 shares during the period. Finally, Arizona State Retirement System raised its stake in shares of National Bank by 9.8% in the 2nd quarter. Arizona State Retirement System now owns 11,407 shares of the financial services provider’s stock valued at $507,000 after purchasing an additional 1,020 shares during the period. 92.65% of the stock is currently owned by institutional investors and hedge funds.

National Bank Company Profile

National Bank Holdings Corporation (NYSE: NBHC) is a bank holding company headquartered in Greenwood Village, Colorado. Through its banking subsidiary, NBH Bank, the company provides community banking services to individuals, families, businesses and institutions.

Its products and services include checking and savings accounts, certificates of deposit, consumer and residential lending, commercial and industrial loans, commercial real estate financing, treasury management, wealth management and other financial services.