National Bank Holdings Corp (NYSE:NBHC) has been assigned an average recommendation of “Hold” from the eight ratings firms that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $35.83.
A number of research analysts have recently commented on the company. Zacks Investment Research downgraded National Bank from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 24th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $37.00 target price on shares of National Bank in a research report on Friday, December 22nd. Hovde Group set a $35.00 target price on National Bank and gave the company a “hold” rating in a research report on Wednesday, January 3rd. Finally, BidaskClub downgraded National Bank from a “hold” rating to a “sell” rating in a research report on Thursday, November 9th.
In related news, insider Richard U. Jr. Newfield sold 25,000 shares of the firm’s stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $33.20, for a total value of $830,000.00. Following the completion of the sale, the insider now directly owns 127,507 shares in the company, valued at $4,233,232.40. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Robert E. Dean sold 3,076 shares of the firm’s stock in a transaction on Monday, December 4th. The stock was 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 of the company’s stock, valued at $772,983.40. The disclosure for this sale can be found here. 7.60% of the stock is owned by company insiders.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Segall Bryant & Hamill LLC lifted its position in National Bank by 9.5% in the fourth quarter. Segall Bryant & Hamill LLC now owns 238,776 shares of the financial services provider’s stock worth $7,744,000 after buying an additional 20,815 shares during the last quarter. MetLife Investment Advisors LLC bought a new stake in shares of National Bank during the fourth quarter worth $418,000. Millennium Management LLC lifted its position in shares of National Bank by 654.9% during the fourth quarter. Millennium Management LLC now owns 457,911 shares of the financial services provider’s stock worth $14,850,000 after purchasing an additional 397,250 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in shares of National Bank by 7.2% during the fourth quarter. Goldman Sachs Group Inc. now owns 96,064 shares of the financial services provider’s stock worth $3,115,000 after purchasing an additional 6,464 shares during the last quarter. Finally, Guggenheim Capital LLC lifted its position in shares of National Bank by 101.5% during the fourth quarter. Guggenheim Capital LLC now owns 96,999 shares of the financial services provider’s stock worth $3,145,000 after purchasing an additional 48,860 shares during the last quarter. Institutional investors own 96.02% of the company’s stock.
National Bank (NBHC) opened at $33.59 on Wednesday. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $920.08, a P/E ratio of 64.60, a PEG ratio of 1.82 and a beta of 0.72. National Bank has a 52-week low of $30.10 and a 52-week high of $37.08.
National Bank (NYSE:NBHC) last posted its 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 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 prior year, the company earned $0.36 EPS. sell-side analysts predict that National Bank will post 1.89 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Friday, February 23rd will be given a $0.09 dividend. The ex-dividend date is Thursday, February 22nd. This represents a $0.36 dividend on an annualized basis and a yield of 1.07%. National Bank’s dividend payout ratio is presently 69.23%.
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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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