National Bank Holdings Co. (NYSE:NBHC) Receives Average Rating of "Hold" from Brokerages

National Bank Holdings Co. (NYSE:NBHC - Get Free Report) has received a consensus rating of "Hold" from the five analysts that are covering the company, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $51.40.

A number of brokerages have issued reports on NBHC. Piper Sandler upped their price objective on National Bank from $44.00 to $48.00 and gave the company a "neutral" rating in a research note on Thursday, October 24th. DA Davidson raised their price objective on shares of National Bank from $51.00 to $53.00 and gave the stock a "buy" rating in a report on Thursday, October 24th. Hovde Group lowered shares of National Bank from an "outperform" rating to a "market perform" rating and set a $55.00 price objective on the stock. in a research report on Monday, November 18th. Keefe, Bruyette & Woods increased their target price on shares of National Bank from $47.00 to $52.00 and gave the company a "market perform" rating in a research report on Wednesday, December 4th. Finally, Stephens lifted their price target on shares of National Bank from $46.00 to $49.00 and gave the stock an "equal weight" rating in a report on Thursday, October 24th.

Insider Activity at National Bank

In other National Bank news, insider Richard U. Jr. Newfield sold 19,259 shares of the firm's stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $49.81, for a total value of $959,290.79. Following the completion of the transaction, the insider now owns 143,210 shares in the company, valued at $7,133,290.10. This trade represents a 11.85 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Valerie D. Kramer sold 897 shares of National Bank stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $50.11, for a total value of $44,948.67. Following the transaction, the insider now directly owns 9,755 shares of the company's stock, valued at $488,823.05. The trade was a 8.42 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 21,431 shares of company stock worth $1,067,505. 3.30% of the stock is owned by corporate insiders.

Institutional Trading of National Bank

Several institutional investors and hedge funds have recently bought and sold shares of NBHC. Geode Capital Management LLC increased its holdings in shares of National Bank by 1.1% in the third quarter. Geode Capital Management LLC now owns 861,483 shares of the financial services provider's stock worth $36,276,000 after purchasing an additional 9,723 shares during the period. Barclays PLC grew its position in National Bank by 91.9% during the third quarter. Barclays PLC now owns 103,076 shares of the financial services provider's stock worth $4,340,000 after buying an additional 49,359 shares in the last quarter. Public Employees Retirement System of Ohio increased its stake in National Bank by 22.7% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 59,898 shares of the financial services provider's stock worth $2,522,000 after acquiring an additional 11,070 shares during the last quarter. State Street Corp boosted its position in shares of National Bank by 7.6% during the 3rd quarter. State Street Corp now owns 1,799,224 shares of the financial services provider's stock valued at $75,747,000 after acquiring an additional 126,796 shares during the last quarter. Finally, Systematic Financial Management LP bought a new stake in shares of National Bank during the 3rd quarter valued at about $756,000. 92.65% of the stock is currently owned by hedge funds and other institutional investors.

National Bank Stock Up 0.3 %

National Bank stock traded up $0.12 during midday trading on Tuesday, hitting $46.80. 185,908 shares of the stock were exchanged, compared to its average volume of 204,584. National Bank has a 52-week low of $32.13 and a 52-week high of $51.76. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.04. The business's 50-day moving average price is $45.59 and its 200-day moving average price is $42.12. The stock has a market capitalization of $1.78 billion, a price-to-earnings ratio of 14.43 and a beta of 0.84.

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

National Bank Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be given a $0.29 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.16 annualized dividend and a dividend yield of 2.48%. This is a positive change from National Bank's previous quarterly dividend of $0.28. National Bank's payout ratio is 35.91%.

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.