Brokerages Set National Bank Holdings Co. (NYSE:NBHC) Target Price at $38.63

National Bank Holdings Co. (NYSE:NBHC) has been given an average recommendation of “Moderate Buy” by the four research firms that are covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $38.63.

Several analysts have recently issued reports on NBHC shares. Keefe, Bruyette & Woods restated a “market perform” rating and set a $39.00 target price (down from $40.00) on shares of National Bank in a research report on Friday, April 26th. Piper Sandler upped their target price on shares of National Bank from $40.00 to $41.00 and gave the company an “overweight” rating in a research report on Thursday, January 25th. Hovde Group cut their price target on shares of National Bank from $45.00 to $40.50 and set an “outperform” rating on the stock in a report on Monday, April 29th. StockNews.com downgraded shares of National Bank from a “hold” rating to a “sell” rating in a report on Sunday, April 28th. Finally, TheStreet downgraded shares of National Bank from a “b” rating to a “c+” rating in a report on Monday, March 18th.

National Bank Stock Up 1.0 %

Shares of NBHC stock opened at $34.76 on Monday. The stock has a market cap of $1.31 billion, a P/E ratio of 9.99 and a beta of 0.84. National Bank has a 52 week low of $26.48 and a 52 week high of $38.71. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.04. The company’s fifty day simple moving average is $34.15 and its two-hundred day simple moving average is $34.20.

National Bank (NYSE:NBHC) last announced its earnings results on Wednesday, April 24th. The financial services provider reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.03. The firm had revenue of $149.43 million for the quarter, compared to analysts’ expectations of $101.98 million. National Bank had a net margin of 22.94% and a return on equity of 11.20%. During the same period in the prior year, the company earned $1.06 EPS. Analysts predict that National Bank will post 3.13 EPS for the current fiscal year.

National Bank Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be paid a dividend of $0.28 per share. The ex-dividend date of this dividend is Friday, May 31st. This is an increase from National Bank’s previous quarterly dividend of $0.27. This represents a $1.12 dividend on an annualized basis and a dividend yield of 3.22%. National Bank’s dividend payout ratio (DPR) is currently 31.03%.

Institutional Investors Weigh In On National Bank

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in National Bank by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 4,220,345 shares of the financial services provider’s stock valued at $156,955,000 after acquiring an additional 25,349 shares during the last quarter. Wellington Management Group LLP lifted its position in National Bank by 6.5% during the fourth quarter. Wellington Management Group LLP now owns 3,904,987 shares of the financial services provider’s stock valued at $145,226,000 after acquiring an additional 239,401 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in National Bank by 5.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,678,537 shares of the financial services provider’s stock valued at $62,426,000 after acquiring an additional 79,519 shares during the last quarter. Kennedy Capital Management LLC raised its holdings in shares of National Bank by 13.4% in the third quarter. Kennedy Capital Management LLC now owns 852,359 shares of the financial services provider’s stock worth $25,366,000 after buying an additional 100,765 shares during the last quarter. Finally, Jackson Hole Capital Partners LLC purchased a new position in shares of National Bank in the fourth quarter worth $17,537,000. Hedge funds and other institutional investors 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.