National Bank Holdings Co. (NYSE:NBHC) Receives Average Rating of “Hold” from Analysts

National Bank Holdings Co. (NYSE:NBHC) has been assigned a consensus recommendation of “Hold” from the five research firms that are covering the firm, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12-month price objective among analysts that have covered the stock in the last year is $49.00.

NBHC has been the subject of several recent analyst reports. StockNews.com upgraded National Bank from a “sell” rating to a “hold” rating in a research note on Friday. Hovde Group decreased their target price on National Bank from $48.00 to $43.00 and set a “market perform” rating for the company in a research report on Wednesday, April 2nd.

Institutional Trading of National Bank

Several hedge funds have recently modified their holdings of the company. FMR LLC increased its holdings in shares of National Bank by 359.7% in the 3rd quarter. FMR LLC now owns 7,627 shares of the financial services provider’s stock worth $321,000 after buying an additional 5,968 shares during the last quarter. State Street Corp raised its position in National Bank by 7.6% during the third quarter. State Street Corp now owns 1,799,224 shares of the financial services provider’s stock valued at $75,747,000 after purchasing an additional 126,796 shares during the period. Public Employees Retirement System of Ohio lifted its stake in shares of National Bank by 22.7% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 59,898 shares of the financial services provider’s stock valued at $2,522,000 after purchasing an additional 11,070 shares during the last quarter. Barclays PLC boosted its holdings in shares of National Bank by 91.9% in the 3rd quarter. Barclays PLC now owns 103,076 shares of the financial services provider’s stock worth $4,340,000 after purchasing an additional 49,359 shares during the period. Finally, Geode Capital Management LLC increased its position in shares of National Bank by 1.1% during the 3rd quarter. Geode Capital Management LLC now owns 861,483 shares of the financial services provider’s stock valued at $36,276,000 after purchasing an additional 9,723 shares during the last quarter. 92.65% of the stock is owned by hedge funds and other institutional investors.

National Bank Trading Up 0.0 %

NYSE:NBHC opened at $33.93 on Monday. The firm has a market capitalization of $1.29 billion, a P/E ratio of 10.98 and a beta of 0.77. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.95 and a quick ratio of 0.94. National Bank has a one year low of $32.13 and a one year high of $51.76. The company’s 50-day simple moving average is $39.69 and its 200 day simple moving average is $42.88.

National Bank (NYSE:NBHC) last announced its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.07. National Bank had a return on equity of 9.76% and a net margin of 19.82%. As a group, analysts forecast that National Bank will post 3.31 EPS for the current fiscal year.

National Bank Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 3.42%. The ex-dividend date was Friday, February 28th. National Bank’s dividend payout ratio (DPR) is presently 37.54%.

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.