National Bank Holdings Corp (NBHC) Given Consensus Rating of “Hold” by Brokerages

National Bank Holdings Corp (NYSE:NBHC) has received a consensus recommendation of “Hold” from the six analysts that are currently covering the stock, Marketbeat.com reports. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $38.25.

NBHC has been the subject of a number of research reports. Stephens set a $41.00 price objective on National Bank and gave the stock a “hold” rating in a report on Tuesday, October 23rd. Zacks Investment Research downgraded National Bank from a “buy” rating to a “hold” rating in a research note on Wednesday, November 7th.

Shares of NYSE:NBHC traded up $0.26 during mid-day trading on Wednesday, reaching $32.91. 435 shares of the stock were exchanged, compared to its average volume of 110,092. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.91 and a current ratio of 0.92. The company has a market cap of $1.00 billion, a PE ratio of 15.17, a PEG ratio of 1.42 and a beta of 0.97. National Bank has a one year low of $29.26 and a one year high of $41.44.

National Bank (NYSE:NBHC) last posted its quarterly earnings data on Thursday, January 24th. The financial services provider reported $0.55 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.56 by ($0.01). The firm had revenue of $65.95 million for the quarter, compared to the consensus estimate of $66.82 million. National Bank had a return on equity of 10.14% and a net margin of 21.03%. During the same quarter in the previous year, the business posted $0.36 earnings per share. On average, research analysts predict that National Bank will post 2.3 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 15th. Stockholders of record on Friday, February 22nd will be paid a dividend of $0.17 per share. The ex-dividend date of this dividend is Thursday, February 21st. This represents a $0.68 annualized dividend and a dividend yield of 2.07%. National Bank’s dividend payout ratio is currently 31.48%.

In other news, CEO G. Timothy Laney sold 15,136 shares of National Bank stock in a transaction that occurred on Thursday, December 6th. The stock was sold at an average price of $34.87, for a total transaction of $527,792.32. Following the completion of the transaction, the chief executive officer now directly owns 439,044 shares in the company, valued at approximately $15,309,464.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 6.40% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of NBHC. Piermont Capital Management Inc. acquired a new stake in National Bank during the 3rd quarter worth approximately $1,424,000. Bank of New York Mellon Corp raised its holdings in National Bank by 9.8% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,051,509 shares of the financial services provider’s stock valued at $39,590,000 after acquiring an additional 94,249 shares in the last quarter. Teachers Advisors LLC raised its holdings in National Bank by 10.5% in the 3rd quarter. Teachers Advisors LLC now owns 150,536 shares of the financial services provider’s stock valued at $5,668,000 after acquiring an additional 14,244 shares in the last quarter. Vanguard Group Inc. raised its holdings in National Bank by 3.2% in the 3rd quarter. Vanguard Group Inc. now owns 2,707,954 shares of the financial services provider’s stock valued at $101,954,000 after acquiring an additional 85,073 shares in the last quarter. Finally, Wells Fargo & Company MN raised its holdings in National Bank by 12.3% in the 3rd quarter. Wells Fargo & Company MN now owns 44,520 shares of the financial services provider’s stock valued at $1,676,000 after acquiring an additional 4,882 shares in the last quarter. Institutional investors own 93.97% of the company’s stock.

National Bank Company Profile

National Bank Holdings Corporation operates as the bank holding company for NBH Bank, N.A. that provides various banking products and financial services to commercial, business, and consumer clients in the United States. The company offers deposit products, including checking accounts, savings accounts, money market accounts, and other deposit accounts, including fixed-rate and fixed maturity time deposits.

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