Shares of National Bank Holdings Corp (NYSE:NBHC) have been given a consensus rating of “Hold” by the eight ratings firms that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $35.83.
A number of analysts have commented on the stock. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $35.00 price target on shares of National Bank in a research note on Wednesday, October 4th. BidaskClub cut shares of National Bank from a “buy” rating to a “hold” rating in a research note on Tuesday, October 17th. Zacks Investment Research upgraded shares of National Bank from a “hold” rating to a “buy” rating and set a $38.00 price target for the company in a research note on Saturday, January 13th. Finally, Hovde Group set a $35.00 price target on shares of National Bank and gave the company a “hold” rating in a research note on Wednesday, January 3rd.
Shares of National Bank (NYSE NBHC) traded up $0.03 on Friday, reaching $33.27. 99,311 shares of the company traded hands, compared to its average volume of 114,455. National Bank has a fifty-two week low of $30.10 and a fifty-two week high of $37.08. The firm has a market capitalization of $886.25, a PE ratio of 26.41, a price-to-earnings-growth ratio of 1.93 and a beta of 0.66. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.83 and a quick ratio of 0.83.
National Bank (NYSE:NBHC) last announced its quarterly earnings results on Thursday, January 25th. The financial services provider reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.03. The firm had revenue of $45.80 million during the quarter, compared to analysts’ expectations of $47.87 million. National Bank had a net margin of 7.16% and a return on equity of 6.39%. During the same quarter last year, the company posted $0.36 earnings per share. equities research analysts predict that National Bank will post 1.71 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Friday, February 23rd will be paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date of this dividend is Thursday, February 22nd. National Bank’s dividend payout ratio is currently 69.23%.
In other National Bank news, Director Robert E. Dean sold 3,076 shares of the stock in a transaction on Monday, December 4th. The shares were sold at an average price of $33.74, for a total value of $103,784.24. Following the completion of the sale, the director now owns 22,910 shares in the company, valued at $772,983.40. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 7.60% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Cubist Systematic Strategies LLC acquired a new stake in shares of National Bank during the 2nd quarter worth about $201,000. Piedmont Investment Advisors LLC acquired a new stake in shares of National Bank during the 3rd quarter worth about $208,000. SG Americas Securities LLC acquired a new stake in shares of National Bank during the 3rd quarter worth about $284,000. Crossmark Global Holdings Inc. acquired a new stake in shares of National Bank during the 3rd quarter worth about $326,000. Finally, Municipal Employees Retirement System of Michigan lifted its stake in shares of National Bank by 59.6% during the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 10,020 shares of the financial services provider’s stock worth $358,000 after buying an additional 3,740 shares during the last quarter. Institutional investors own 95.94% of the company’s stock.
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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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