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

National Bank Holdings Corporation (NYSE:NBHC) has been assigned an average recommendation of “Moderate Buy” from the six ratings firms that are presently covering the company, Marketbeat reports. Three analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $45.25.

Several equities research analysts recently issued reports on the company. Stephens upgraded National Bank from an “equal weight” rating to an “overweight” rating and set a $42.00 price target for the company in a research note on Monday, November 10th. Zacks Research raised National Bank from a “strong sell” rating to a “hold” rating in a report on Monday, December 22nd. Weiss Ratings reiterated a “hold (c)” rating on shares of National Bank in a research report on Thursday, January 22nd. Wall Street Zen cut National Bank from a “hold” rating to a “sell” rating in a research report on Saturday, January 31st. Finally, DA Davidson reaffirmed a “buy” rating and issued a $48.00 price target on shares of National Bank in a research note on Thursday, February 19th.

Insider Activity

In other news, insider John Steinmetz purchased 24,200 shares of National Bank stock in a transaction that occurred on Wednesday, February 11th. The shares were acquired at an average price of $41.41 per share, for a total transaction of $1,002,122.00. Following the transaction, the insider owned 536,504 shares of the company’s stock, valued at approximately $22,216,630.64. The trade was a 4.72% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 2.90% of the company’s stock.

Institutional Investors Weigh In On National Bank

A number of large investors have recently modified their holdings of NBHC. State Street Corp lifted its position in shares of National Bank by 2.6% during the 4th quarter. State Street Corp now owns 1,888,885 shares of the financial services provider’s stock worth $71,797,000 after buying an additional 47,991 shares during the last quarter. Westwood Holdings Group Inc. lifted its holdings in shares of National Bank by 8.3% in the second quarter. Westwood Holdings Group Inc. now owns 1,570,981 shares of the financial services provider’s stock worth $59,085,000 after acquiring an additional 120,754 shares during the last quarter. Deprince Race & Zollo Inc. boosted its stake in shares of National Bank by 215.4% in the 4th quarter. Deprince Race & Zollo Inc. now owns 1,162,432 shares of the financial services provider’s stock valued at $44,184,000 after purchasing an additional 793,902 shares in the last quarter. Segall Bryant & Hamill LLC grew its holdings in shares of National Bank by 6.8% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 964,261 shares of the financial services provider’s stock valued at $37,259,000 after purchasing an additional 61,771 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of National Bank by 2.1% during the second quarter. Geode Capital Management LLC now owns 903,808 shares of the financial services provider’s stock worth $33,996,000 after buying an additional 18,612 shares during the last quarter. Institutional investors and hedge funds own 92.65% of the company’s stock.

National Bank Price Performance

National Bank stock opened at $40.55 on Thursday. The company has a current ratio of 0.94, a quick ratio of 0.93 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $1.53 billion, a price-to-earnings ratio of 14.23 and a beta of 0.79. The stock’s 50 day moving average is $40.43 and its 200-day moving average is $38.90. National Bank has a 12 month low of $32.83 and a 12 month high of $42.99.

National Bank (NYSE:NBHC) last announced its earnings results on Tuesday, January 27th. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.27). The business had revenue of $99.08 million during the quarter, compared to the consensus estimate of $107.48 million. National Bank had a net margin of 18.66% and a return on equity of 8.65%. During the same period in the previous year, the firm posted $0.86 EPS. Equities research analysts expect that National Bank will post 3.31 EPS for the current year.

National Bank Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 27th will be given a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 3.2%. The ex-dividend date is Friday, February 27th. This is a boost from National Bank’s previous quarterly dividend of $0.31. National Bank’s dividend payout ratio is presently 44.91%.

National Bank Company Profile

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.