National Bank Holdings Corporation (NYSE:NBHC) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of National Bank Holdings Corporation (NYSE:NBHC) have been given a consensus rating of “Moderate Buy” by the six research firms that are currently covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $44.75.

NBHC has been the topic of several analyst reports. Wall Street Zen cut National Bank from a “hold” rating to a “sell” rating in a report on Saturday, January 31st. DA Davidson reissued a “buy” rating and issued a $46.00 price target on shares of National Bank in a research note on Wednesday, January 28th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of National Bank in a research note on Thursday, January 22nd. Zacks Research upgraded shares of National Bank from a “strong sell” rating to a “hold” rating in a report on Monday, December 22nd. Finally, Stephens raised shares of National Bank from an “equal weight” rating to an “overweight” rating and set a $42.00 target price on the stock in a research report on Monday, November 10th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Harbor Capital Advisors Inc. raised its holdings in shares of National Bank by 2.0% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 14,842 shares of the financial services provider’s stock worth $573,000 after purchasing an additional 291 shares during the period. Johnson Investment Counsel Inc. grew its holdings in shares of National Bank by 5.7% during the 3rd quarter. Johnson Investment Counsel Inc. now owns 6,592 shares of the financial services provider’s stock worth $255,000 after purchasing an additional 353 shares during the period. Envestnet Asset Management Inc. increased its position in National Bank by 6.3% during the 2nd quarter. Envestnet Asset Management Inc. now owns 5,955 shares of the financial services provider’s stock worth $224,000 after purchasing an additional 355 shares in the last quarter. Amalgamated Bank increased its position in shares of National Bank by 3.3% in the third quarter. Amalgamated Bank now owns 11,168 shares of the financial services provider’s stock worth $432,000 after acquiring an additional 357 shares in the last quarter. Finally, Illinois Municipal Retirement Fund raised its stake in shares of National Bank by 2.2% in the 3rd quarter. Illinois Municipal Retirement Fund now owns 20,487 shares of the financial services provider’s stock valued at $792,000 after acquiring an additional 449 shares during the period. Institutional investors and hedge funds own 92.65% of the company’s stock.

National Bank Price Performance

NYSE:NBHC opened at $41.80 on Friday. National Bank has a 12-month low of $32.83 and a 12-month high of $44.11. The firm has a market cap of $1.58 billion, a price-to-earnings ratio of 14.67 and a beta of 0.81. The company’s 50-day moving average is $39.70 and its two-hundred day moving average is $38.46. The company has a current ratio of 0.94, a quick ratio of 0.93 and a debt-to-equity ratio of 0.04.

National Bank (NYSE:NBHC) last posted its quarterly earnings data on Tuesday, January 27th. The financial services provider reported $0.60 earnings per share for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.27). The firm had revenue of $100.64 million during the quarter, compared to analyst estimates 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 prior year, the firm earned $0.86 EPS. Research analysts expect that National Bank will post 3.31 EPS for the current year.

National Bank Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 27th will be paid a dividend of $0.32 per share. The ex-dividend date of this dividend is Friday, February 27th. This represents a $1.28 annualized dividend and a dividend yield of 3.1%. This is a boost from National Bank’s previous quarterly dividend of $0.31. National Bank’s dividend payout ratio is presently 43.51%.

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.