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

Shares of National Bank Holdings Corporation (NYSE:NBHC) have been assigned an average recommendation of “Moderate Buy” from the seven research firms that are covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $45.80.

A number of equities research analysts have recently issued reports on the stock. Zacks Research raised shares of National Bank from a “strong sell” rating to a “hold” rating in a report on Monday, December 22nd. Wall Street Zen lowered shares of National Bank from a “hold” rating to a “sell” rating in a report on Saturday, January 31st. Piper Sandler assumed coverage on shares of National Bank in a research note on Wednesday, March 25th. They issued an “overweight” rating and a $48.00 target price on the stock. DA Davidson reissued a “buy” rating and issued a $48.00 price target on shares of National Bank in a report on Thursday, February 19th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of National Bank in a research report on Thursday, January 22nd.

National Bank Stock Performance

NYSE:NBHC opened at $37.98 on Monday. The business’s fifty day moving average is $40.28 and its 200 day moving average is $38.90. The firm has a market cap of $1.71 billion, a price-to-earnings ratio of 13.33 and a beta of 0.79. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.93 and a current ratio of 0.94. National Bank has a 52-week low of $32.83 and a 52-week high of $42.99.

National Bank (NYSE:NBHC) last issued its earnings results on Tuesday, January 27th. The financial services provider reported $0.60 EPS for the quarter, missing the consensus estimate of $0.87 by ($0.27). National Bank had a return on equity of 8.65% and a net margin of 18.66%.The company had revenue of $99.08 million during the quarter, compared to the consensus estimate of $107.48 million. During the same quarter in the prior year, the business earned $0.86 EPS. Research analysts predict that National Bank will post 3.31 EPS for the current year.

National Bank Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Investors of record on Friday, February 27th were paid a dividend of $0.32 per share. This is a positive change from National Bank’s previous quarterly dividend of $0.31. This represents a $1.28 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend was Friday, February 27th. National Bank’s dividend payout ratio is 44.91%.

Insider Buying and Selling

In other National Bank news, insider John Steinmetz bought 24,200 shares of the firm’s stock in a transaction on Wednesday, February 11th. The shares were acquired at an average cost of $41.41 per share, for a total transaction of $1,002,122.00. Following the purchase, the insider directly owned 536,504 shares of the company’s stock, valued at $22,216,630.64. The trade was a 4.72% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.90% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Deprince Race & Zollo Inc. increased its position in shares of National Bank by 215.4% in the fourth quarter. Deprince Race & Zollo Inc. now owns 1,162,432 shares of the financial services provider’s stock worth $44,184,000 after purchasing an additional 793,902 shares during the last quarter. Assenagon Asset Management S.A. bought a new stake in National Bank during the third quarter valued at approximately $25,869,000. AQR Capital Management LLC grew its stake in National Bank by 138.9% in the 4th quarter. AQR Capital Management LLC now owns 430,078 shares of the financial services provider’s stock worth $16,347,000 after buying an additional 250,088 shares in the last quarter. Russell Investments Group Ltd. grew its stake in National Bank by 143.3% in the 4th quarter. Russell Investments Group Ltd. now owns 405,164 shares of the financial services provider’s stock worth $15,400,000 after buying an additional 238,642 shares in the last quarter. Finally, Millennium Management LLC increased its holdings in shares of National Bank by 2,057.9% in the 1st quarter. Millennium Management LLC now owns 199,453 shares of the financial services provider’s stock worth $7,633,000 after buying an additional 190,210 shares during the last quarter. Hedge funds and other institutional investors own 92.65% of the company’s stock.

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.