National Bank Holdings Corporation (NYSE:NBHC) Given Average Recommendation of “Moderate Buy” by Brokerages

National Bank Holdings Corporation (NYSE:NBHC) has received a consensus recommendation of “Moderate Buy” from the six ratings firms that are covering the company, Marketbeat reports. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $44.50.

A number of analysts have recently commented on NBHC shares. Weiss Ratings restated a “hold (c)” rating on shares of National Bank in a report on Wednesday, October 8th. Keefe, Bruyette & Woods boosted their target price on National Bank from $44.00 to $45.00 and gave the company a “market perform” rating in a research note on Wednesday, September 17th. Hovde Group raised shares of National Bank from a “market perform” rating to an “outperform” rating and set a $46.00 price target for the company in a research note on Thursday, September 18th. Zacks Research upgraded shares of National Bank from a “hold” rating to a “strong-buy” rating in a report on Monday, September 1st. Finally, Stephens upgraded shares of National Bank from an “equal weight” rating to an “overweight” rating and set a $42.00 target price for the company in a report on Monday, November 10th.

Institutional Trading of National Bank

Hedge funds and other institutional investors have recently modified their holdings of the stock. Tudor Investment Corp ET AL boosted its position in National Bank by 87.6% during the third quarter. Tudor Investment Corp ET AL now owns 210,330 shares of the financial services provider’s stock valued at $8,127,000 after purchasing an additional 98,229 shares during the last quarter. Jacobs Levy Equity Management Inc. raised its stake in shares of National Bank by 214.9% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 44,126 shares of the financial services provider’s stock worth $1,705,000 after purchasing an additional 30,115 shares in the last quarter. CANADA LIFE ASSURANCE Co boosted its holdings in shares of National Bank by 4.1% in the 3rd quarter. CANADA LIFE ASSURANCE Co now owns 34,551 shares of the financial services provider’s stock valued at $1,352,000 after buying an additional 1,376 shares during the last quarter. Dark Forest Capital Management LP boosted its holdings in shares of National Bank by 98.8% in the 3rd quarter. Dark Forest Capital Management LP now owns 92,495 shares of the financial services provider’s stock valued at $3,574,000 after buying an additional 45,971 shares during the last quarter. Finally, PharVision Advisers LLC bought a new position in shares of National Bank in the third quarter valued at $423,000. Institutional investors and hedge funds own 92.65% of the company’s stock.

National Bank Stock Down 1.1%

Shares of NBHC stock opened at $39.63 on Friday. The firm has a fifty day moving average of $37.45 and a 200-day moving average of $38.00. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.04. National Bank has a 12-month low of $32.83 and a 12-month high of $44.92. The company has a market capitalization of $1.50 billion, a price-to-earnings ratio of 12.54 and a beta of 0.81.

National Bank (NYSE:NBHC) last posted its quarterly earnings data on Thursday, August 14th. The financial services provider reported $0.63 EPS for the quarter. The business had revenue of $102.07 million for the quarter. National Bank had a net margin of 20.50% and a return on equity of 9.56%. As a group, equities research analysts predict that National Bank will post 3.31 earnings per share for the current fiscal year.

National Bank Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Friday, November 28th were paid a dividend of $0.31 per share. The ex-dividend date was Friday, November 28th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.1%. This is a positive change from National Bank’s previous quarterly dividend of ($0.30). National Bank’s dividend payout ratio (DPR) is currently 39.24%.

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.