Zacks Investment Research upgraded shares of National Bank (NYSE:NBHC) from a hold rating to a buy rating in a report published on Saturday, January 13th. They currently have $38.00 price objective on the financial services provider’s stock.
According to Zacks, “National Bank Holdings Corporation is a bank holding company operating full-service banking centers, with the majority of those banking centers located in Colorado and the greater Kansas City region. The Company, through its subsidiaries, provides services through community banking franchises serving the needs of retail and business customers. National Bank Holdings Corporation is based in Greenwood Village, Colorado. “
NBHC has been the topic of a number of other research reports. Hovde Group set a $35.00 target price on National Bank and gave the company a hold rating in a research note on Wednesday, January 3rd. Keefe, Bruyette & Woods reaffirmed a hold rating and set a $37.00 target price on shares of National Bank in a research note on Friday, December 22nd. Finally, BidaskClub cut National Bank from a hold rating to a sell rating in a research note on Thursday, November 9th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the stock. National Bank has a consensus rating of Hold and a consensus target price of $35.83.
National Bank (NBHC) traded down $0.14 during trading hours on Friday, reaching $33.13. The company’s stock had a trading volume of 165,543 shares, compared to its average volume of 107,552. National Bank has a twelve month low of $30.10 and a twelve month high of $37.08. The company has a market capitalization of $889.47, a price-to-earnings ratio of 26.50, a PEG ratio of 1.81 and a beta of 0.72. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.24.
National Bank (NYSE:NBHC) last announced its quarterly earnings data on Thursday, January 25th. The financial services provider reported $0.36 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.33 by $0.03. The business had revenue of $45.80 million for the quarter, compared to the consensus estimate of $47.87 million. National Bank had a return on equity of 6.39% and a net margin of 7.16%. During the same period in the previous year, the business earned $0.36 earnings per share. equities analysts anticipate that National Bank will post 1.83 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Friday, February 23rd will be issued a dividend of $0.09 per share. The ex-dividend date is Thursday, February 22nd. This represents a $0.36 annualized dividend and a dividend yield of 1.09%. National Bank’s dividend payout ratio is presently 69.23%.
In other news, Director Robert E. Dean sold 3,076 shares of the stock in a transaction 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 sale, the director now owns 22,910 shares in the company, valued at approximately $772,983.40. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 7.60% of the company’s stock.
A number of hedge funds have recently modified their holdings of NBHC. Cubist Systematic Strategies LLC purchased a new position in National Bank in the 2nd quarter worth $201,000. Piedmont Investment Advisors LLC acquired a new stake in National Bank during the 3rd quarter worth about $208,000. Victory Capital Management Inc. grew its position in National Bank by 17.6% during the 2nd quarter. Victory Capital Management Inc. now owns 6,478 shares of the financial services provider’s stock worth $214,000 after purchasing an additional 970 shares during the period. SG Americas Securities LLC acquired a new stake in National Bank during the 3rd quarter worth about $284,000. Finally, BNP Paribas Arbitrage SA grew its position in National Bank by 70.2% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 9,232 shares of the financial services provider’s stock worth $306,000 after purchasing an additional 3,809 shares during the period. Institutional investors own 95.94% of the company’s stock.
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About National Bank
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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