Shares of National Bank Holdings Corp (NYSE:NBHC) have earned a consensus rating of “Hold” from the seven research firms that are presently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $35.00.
Several research analysts have recently issued reports on NBHC shares. BidaskClub cut National Bank from a “hold” rating to a “sell” rating in a research note on Thursday, November 9th. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $35.00 price target on shares of National Bank in a research report on Wednesday, October 4th. Zacks Investment Research cut National Bank from a “buy” rating to a “hold” rating in a research report on Wednesday, August 30th. Finally, Sandler O’Neill upgraded National Bank from a “hold” rating to a “buy” rating and set a $36.00 price target for the company in a research report on Friday, August 18th.
In related news, Director Robert E. Dean sold 3,076 shares of National Bank stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $33.74, for a total transaction of $103,784.24. Following the completion of the transaction, the director now directly owns 22,910 shares in the company, valued at $772,983.40. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 7.60% of the stock is currently owned by company insiders.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Piedmont Investment Advisors LLC acquired a new stake in National Bank in the third quarter valued at approximately $208,000. Dimensional Fund Advisors LP grew its holdings in National Bank by 0.4% in the third quarter. Dimensional Fund Advisors LP now owns 2,258,619 shares of the financial services provider’s stock valued at $80,610,000 after purchasing an additional 8,075 shares during the period. Brown Advisory Inc. grew its holdings in National Bank by 8.8% in the third quarter. Brown Advisory Inc. now owns 1,006,412 shares of the financial services provider’s stock valued at $35,919,000 after purchasing an additional 81,198 shares during the period. Schwab Charles Investment Management Inc. grew its holdings in National Bank by 4.8% in the third quarter. Schwab Charles Investment Management Inc. now owns 179,927 shares of the financial services provider’s stock valued at $6,422,000 after purchasing an additional 8,296 shares during the period. Finally, Wells Fargo & Company MN grew its holdings in National Bank by 16.6% in the third quarter. Wells Fargo & Company MN now owns 58,850 shares of the financial services provider’s stock valued at $1,894,000 after purchasing an additional 8,362 shares during the period. 95.65% of the stock is currently owned by institutional investors.
Shares of National Bank (NBHC) opened at $32.04 on Friday. The company has a quick ratio of 0.82, a current ratio of 0.83 and a debt-to-equity ratio of 0.23. National Bank has a 12 month low of $30.10 and a 12 month high of $37.08. The company has a market capitalization of $866.92, a PE ratio of 25.83, a price-to-earnings-growth ratio of 2.68 and a beta of 0.65.
National Bank (NYSE:NBHC) last announced its quarterly earnings data on Wednesday, October 18th. The financial services provider reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.04). National Bank had a return on equity of 6.40% and a net margin of 17.13%. The firm had revenue of $47.45 million during the quarter, compared to analysts’ expectations of $48.90 million. During the same quarter in the previous year, the business earned $0.30 earnings per share. equities research analysts predict that National Bank will post 1.21 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, November 24th will be given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 1.12%. The ex-dividend date is Wednesday, November 22nd. National Bank’s dividend payout ratio is currently 28.80%.
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National Bank Company Profile
National Bank Holdings Corporation (NBH) is a bank holding company. Through Bank Midwest, N.A. (Bank Midwest), NBH’s primary business is to offer a range of products and financial services to both its commercial and consumer customers, located in Kansas, Missouri and Colorado. The Company offers an array of lending products to cater to the customers’ needs, including, but not limited to, small business loans, equipment loans, term loans, asset-backed loans, letters of credit, commercial lines of credit, residential mortgage loans, home equity and consumer loans.
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