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

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

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

Insider Transactions at National Bank

In related news, insider Valerie D. Kramer sold 897 shares of the business's stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $50.11, for a total value of $44,948.67. Following the transaction, the insider now owns 9,755 shares in the company, valued at $488,823.05. The trade was a 8.42 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Richard U. Jr. Newfield sold 19,259 shares of the stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $49.81, for a total value of $959,290.79. Following the sale, the insider now directly owns 143,210 shares of the company's stock, valued at approximately $7,133,290.10. This represents a 11.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 21,431 shares of company stock worth $1,067,505. 3.10% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Assetmark Inc. purchased a new stake in National Bank in the 3rd quarter valued at approximately $71,000. KBC Group NV raised its holdings in shares of National Bank by 82.5% in the fourth quarter. KBC Group NV now owns 2,389 shares of the financial services provider's stock worth $103,000 after acquiring an additional 1,080 shares during the last quarter. Atria Investments Inc purchased a new stake in shares of National Bank in the third quarter valued at $202,000. FMR LLC boosted its stake in shares of National Bank by 359.7% during the third quarter. FMR LLC now owns 7,627 shares of the financial services provider's stock valued at $321,000 after acquiring an additional 5,968 shares during the last quarter. Finally, AQR Capital Management LLC increased its position in National Bank by 49.0% during the 2nd quarter. AQR Capital Management LLC now owns 10,378 shares of the financial services provider's stock worth $405,000 after purchasing an additional 3,415 shares in the last quarter. Hedge funds and other institutional investors own 92.65% of the company's stock.

National Bank Price Performance

Shares of National Bank stock traded up $0.41 on Wednesday, hitting $43.11. 234,164 shares of the company were exchanged, compared to its average volume of 173,069. National Bank has a 1-year low of $32.13 and a 1-year high of $51.76. The company has a quick ratio of 0.94, a current ratio of 0.95 and a debt-to-equity ratio of 0.08. The stock has a market capitalization of $1.64 billion, a price-to-earnings ratio of 13.95 and a beta of 0.86. The company has a 50-day moving average price of $44.51 and a 200 day moving average price of $43.65.

National Bank (NYSE:NBHC - Get Free Report) last posted its earnings results on Wednesday, January 22nd. The financial services provider reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.07. National Bank had a net margin of 19.82% and a return on equity of 9.76%. As a group, sell-side analysts predict that National Bank will post 3.4 earnings per share for the current fiscal year.

National Bank Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 2.69%. The ex-dividend date is Friday, February 28th. National Bank's payout ratio is 37.54%.

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.