National Bank Holdings Co. (NYSE:NBHC) Given Consensus Recommendation of "Hold" by Brokerages

National Bank Holdings Co. (NYSE:NBHC - Get Free Report) has been given an average recommendation of "Hold" by the five brokerages that are currently covering the company, Marketbeat reports. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $51.40.

A number of research analysts have issued reports on the company. Keefe, Bruyette & Woods upped their price objective on National Bank from $47.00 to $52.00 and gave the company a "market perform" rating in a research note on Wednesday, December 4th. Hovde Group cut National Bank from an "outperform" rating to a "market perform" rating and set a $55.00 price objective on the stock. in a report on Monday, November 18th.

National Bank Price Performance

Shares of NYSE:NBHC opened at $41.76 on Friday. The company has a quick ratio of 0.94, a current ratio of 0.95 and a debt-to-equity ratio of 0.08. National Bank has a twelve month low of $32.13 and a twelve month high of $51.76. The stock's 50 day moving average is $43.00 and its 200-day moving average is $43.77. The firm has a market capitalization of $1.59 billion, a price-to-earnings ratio of 13.51 and a beta of 0.85.

National Bank (NYSE:NBHC - Get Free Report) last announced its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.07. National Bank had a return on equity of 9.76% and a net margin of 19.82%. Sell-side analysts forecast that National Bank will post 3.31 EPS for the current fiscal year.

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National Bank Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be issued a $0.29 dividend. The ex-dividend date is Friday, February 28th. This represents a $1.16 annualized dividend and a dividend yield of 2.78%. National Bank's payout ratio is currently 37.54%.

Hedge Funds Weigh In On National Bank

Large investors have recently modified their holdings of the company. Principal Financial Group Inc. raised its holdings in shares of National Bank by 36.1% during the 3rd quarter. Principal Financial Group Inc. now owns 786,096 shares of the financial services provider's stock valued at $33,095,000 after buying an additional 208,303 shares in the last quarter. Assenagon Asset Management S.A. purchased a new position in shares of National Bank during the 4th quarter valued at about $1,790,000. Squire Investment Management Company LLC purchased a new position in shares of National Bank during the 3rd quarter valued at about $4,496,000. Systematic Financial Management LP purchased a new position in shares of National Bank during the 3rd quarter valued at about $756,000. Finally, Leeward Investments LLC MA raised its holdings in shares of National Bank by 64.2% during the 3rd quarter. Leeward Investments LLC MA now owns 374,638 shares of the financial services provider's stock valued at $15,772,000 after buying an additional 146,494 shares in the last quarter. 92.65% of the stock is owned by hedge funds and other institutional investors.

About National Bank

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.