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

National Bank Holdings Co. (NYSE:NBHC - Get Free Report) has earned an average recommendation of "Hold" from the five brokerages that are covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $46.40.

Several equities research analysts have commented on the company. Piper Sandler lowered National Bank from an "overweight" rating to a "neutral" rating and upped their price target for the stock from $42.00 to $46.00 in a research note on Thursday, July 25th. StockNews.com lowered National Bank from a "hold" rating to a "sell" rating in a research note on Wednesday, July 24th. Stephens upped their target price on National Bank from $38.00 to $46.00 and gave the company an "equal weight" rating in a research report on Thursday, July 25th. DA Davidson raised their price target on shares of National Bank from $42.00 to $45.00 and gave the stock a "buy" rating in a research report on Tuesday, July 2nd. Finally, Keefe, Bruyette & Woods upped their price target on shares of National Bank from $39.00 to $45.00 and gave the company a "market perform" rating in a report on Monday, July 29th.

National Bank Price Performance

Shares of NYSE:NBHC traded down $1.74 on Monday, hitting $41.68. The company had a trading volume of 187,589 shares, compared to its average volume of 199,737. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.07. The company has a market cap of $1.58 billion, a PE ratio of 12.07 and a beta of 0.85. National Bank has a 52-week low of $28.38 and a 52-week high of $46.51. The business has a 50 day moving average of $41.86 and a 200 day moving average of $38.96.

National Bank (NYSE:NBHC - Get Free Report) last posted its quarterly earnings data on Tuesday, July 23rd. The financial services provider reported $0.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.74 by ($0.06). National Bank had a return on equity of 10.44% and a net margin of 21.40%. The business had revenue of $99.31 million for the quarter, compared to analyst estimates of $102.96 million. During the same quarter last year, the business earned $0.85 EPS. National Bank's revenue for the quarter was down 5.5% compared to the same quarter last year. As a group, equities analysts anticipate that National Bank will post 3.03 earnings per share for the current fiscal year.

National Bank Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 2.69%. The ex-dividend date of this dividend was Friday, August 30th. National Bank's dividend payout ratio (DPR) is presently 32.18%.

Insiders Place Their Bets

In other National Bank news, insider Valerie D. Kramer sold 725 shares of the firm's stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $40.17, for a total value of $29,123.25. Following the transaction, the insider now owns 10,398 shares of the company's stock, valued at $417,687.66. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, insider Valerie D. Kramer sold 725 shares of the company's stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $40.17, for a total transaction of $29,123.25. Following the completion of the transaction, the insider now directly owns 10,398 shares in the company, valued at $417,687.66. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ralph W. Clermont sold 10,000 shares of the firm's stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $44.18, for a total value of $441,800.00. Following the completion of the sale, the director now owns 66,653 shares in the company, valued at $2,944,729.54. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 103,192 shares of company stock valued at $4,431,998 over the last 90 days. 3.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On National Bank

Several large investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of National Bank by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 4,220,345 shares of the financial services provider's stock worth $156,955,000 after buying an additional 25,349 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of National Bank by 9.4% during the second quarter. Dimensional Fund Advisors LP now owns 1,950,210 shares of the financial services provider's stock valued at $76,152,000 after purchasing an additional 167,711 shares during the period. Victory Capital Management Inc. increased its holdings in shares of 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 purchasing an additional 1,810,321 shares during the period. Westwood Holdings Group Inc. raised its stake in shares of National Bank by 2.1% during the first quarter. Westwood Holdings Group Inc. now owns 935,119 shares of the financial services provider's stock valued at $33,730,000 after purchasing an additional 19,016 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in National Bank by 194.7% in the second quarter. Principal Financial Group Inc. now owns 577,793 shares of the financial services provider's stock worth $22,563,000 after purchasing an additional 381,754 shares during the period. Institutional investors and hedge funds own 92.65% of the company's stock.

National Bank Company Profile

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.