National Bank Holdings Co. (NYSE:NBHC) Receives $49.20 Consensus Target Price from Brokerages

Shares of National Bank Holdings Co. (NYSE:NBHC - Get Free Report) have been given an average rating of "Hold" by the five analysts that are covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a hold rating and two have issued a 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 $49.20.

A number of equities analysts recently issued reports on the stock. DA Davidson increased their price target on shares of National Bank from $51.00 to $53.00 and gave the stock a "buy" rating in a research note on Thursday, October 24th. Stephens raised their target price on National Bank from $46.00 to $49.00 and gave the company an "equal weight" rating in a research note on Thursday, October 24th. Piper Sandler upped their price target on National Bank from $44.00 to $48.00 and gave the stock a "neutral" rating in a research note on Thursday, October 24th. Hovde Group raised their price objective on National Bank from $50.00 to $51.00 and gave the company an "outperform" rating in a research report on Monday, October 28th. Finally, StockNews.com downgraded shares of National Bank from a "hold" rating to a "sell" rating in a research report on Wednesday, July 24th.

Insider Activity at National Bank

In other National Bank news, Director Art Zeile sold 3,875 shares of the business's stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $41.27, for a total value of $159,921.25. Following the completion of the transaction, the director now owns 16,202 shares of the company's stock, valued at approximately $668,656.54. The trade was a 19.30 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Valerie D. Kramer sold 897 shares of National Bank stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $50.11, for a total transaction of $44,948.67. Following the completion of the sale, the insider now owns 9,755 shares of the company's stock, valued at $488,823.05. This represents a 8.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 36,138 shares of company stock valued at $1,581,587 over the last 90 days. Corporate insiders own 3.10% of the company's stock.

Hedge Funds Weigh In On National Bank

A number of institutional investors and hedge funds have recently modified their holdings of the company. Victory Capital Management Inc. grew its position in National Bank by 12,407.1% during the second quarter. Victory Capital Management Inc. now owns 1,824,912 shares of the financial services provider's stock valued at $71,263,000 after buying an additional 1,810,321 shares during the period. Principal Financial Group Inc. lifted its position in National Bank by 194.7% during the second quarter. Principal Financial Group Inc. now owns 577,793 shares of the financial services provider's stock valued at $22,563,000 after purchasing an additional 381,754 shares in the last quarter. American Century Companies Inc. grew its holdings in National Bank by 154.8% during the second quarter. American Century Companies Inc. now owns 377,929 shares of the financial services provider's stock valued at $14,758,000 after purchasing an additional 229,630 shares during the period. Russell Investments Group Ltd. increased its position in National Bank by 87.6% in the first quarter. Russell Investments Group Ltd. now owns 478,748 shares of the financial services provider's stock worth $17,268,000 after buying an additional 223,505 shares in the last quarter. Finally, Boston Partners raised its stake in shares of National Bank by 743.6% in the first quarter. Boston Partners now owns 200,094 shares of the financial services provider's stock worth $7,211,000 after buying an additional 176,375 shares during the period. 92.65% of the stock is currently owned by hedge funds and other institutional investors.

National Bank Trading Up 0.0 %

NYSE NBHC traded up $0.01 on Friday, hitting $48.58. The company's stock had a trading volume of 229,024 shares, compared to its average volume of 203,065. The firm has a market cap of $1.84 billion, a P/E ratio of 15.04 and a beta of 0.84. National Bank has a 52-week low of $32.13 and a 52-week high of $51.76. The company's 50-day simple moving average is $43.44 and its 200 day simple moving average is $40.54. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.04.

National Bank (NYSE:NBHC - Get Free Report) last released its quarterly earnings results on Tuesday, October 22nd. The financial services provider reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.10. National Bank had a net margin of 20.52% and a return on equity of 9.93%. The business had revenue of $156.39 million for the quarter, compared to analysts' expectations of $102.32 million. During the same quarter in the previous year, the business posted $0.94 earnings per share. Research analysts predict that National Bank will post 3.18 EPS for the current fiscal year.

National Bank Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be issued a dividend of $0.29 per share. This is a boost from National Bank's previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.39%. National Bank's dividend payout ratio is presently 34.67%.

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.