National Bank Holdings Corporation (NYSE:NBHC) Given Consensus Recommendation of “Hold” by Analysts

National Bank Holdings Corporation (NYSE:NBHC) has been assigned an average rating of “Hold” from the five ratings firms that are covering the firm, Marketbeat.com reports. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $47.20.

A number of equities analysts recently commented on NBHC shares. Hovde Group boosted their price objective on shares of National Bank from $39.00 to $42.00 and gave the stock a “market perform” rating in a research note on Thursday, July 24th. DA Davidson lifted their price target on shares of National Bank from $42.00 to $45.00 and gave the stock a “buy” rating in a report on Thursday, July 24th. Finally, Wall Street Zen raised shares of National Bank from a “strong sell” rating to a “hold” rating in a report on Saturday, July 26th.

National Bank Stock Performance

Shares of NYSE:NBHC opened at $37.69 on Friday. The company has a market capitalization of $1.44 billion, a price-to-earnings ratio of 12.16 and a beta of 0.77. National Bank has a 52 week low of $32.83 and a 52 week high of $51.76. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.18. The firm has a 50 day moving average of $38.04 and a 200 day moving average of $38.31.

National Bank (NYSE:NBHC) last issued its quarterly earnings data on Tuesday, July 22nd. The financial services provider reported $0.88 EPS for the quarter, topping analysts’ consensus estimates of $0.82 by $0.06. The company had revenue of $104.48 million during the quarter, compared to the consensus estimate of $110.36 million. National Bank had a net margin of 20.02% and a return on equity of 9.44%. National Bank’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.68 earnings per share. On average, sell-side analysts predict that National Bank will post 3.31 earnings per share for the current fiscal year.

National Bank Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, August 29th will be issued a dividend of $-0.30 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a ($1.20) dividend on an annualized basis and a dividend yield of -3.2%. National Bank’s payout ratio is 38.71%.

Institutional Investors Weigh In On National Bank

A number of large investors have recently made changes to their positions in NBHC. Nuveen LLC purchased a new stake in shares of National Bank during the first quarter valued at $21,123,000. Westwood Holdings Group Inc. grew its holdings in shares of National Bank by 30.1% during the first quarter. Westwood Holdings Group Inc. now owns 1,450,227 shares of the financial services provider’s stock valued at $55,500,000 after buying an additional 335,741 shares during the last quarter. Millennium Management LLC grew its holdings in shares of National Bank by 2,057.9% during the first quarter. Millennium Management LLC now owns 199,453 shares of the financial services provider’s stock valued at $7,633,000 after buying an additional 190,210 shares during the last quarter. Boston Partners grew its holdings in shares of National Bank by 40.6% during the first quarter. Boston Partners now owns 567,150 shares of the financial services provider’s stock valued at $21,702,000 after buying an additional 163,895 shares during the last quarter. Finally, Victory Capital Management Inc. grew its holdings in shares of National Bank by 2.6% during the first quarter. Victory Capital Management Inc. now owns 2,851,786 shares of the financial services provider’s stock valued at $109,138,000 after buying an additional 72,805 shares during the last quarter. 92.65% of the stock is owned by hedge funds and other institutional investors.

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.