National Bank Holdings Co. (NYSE:NBHC) Receives Consensus Recommendation of “Hold” from Brokerages

National Bank Holdings Co. (NYSE:NBHC) has been assigned an average rating of “Hold” from the five brokerages that are presently covering the firm, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $49.00.

NBHC has been the topic of a number of analyst reports. StockNews.com raised National Bank from a “sell” rating to a “hold” rating in a research note on Friday, April 11th. Hovde Group cut their price objective on National Bank from $48.00 to $43.00 and set a “market perform” rating on the stock in a research report on Wednesday, April 2nd.

Institutional Trading of National Bank

A number of hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its holdings in shares of National Bank by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 4,230,384 shares of the financial services provider’s stock valued at $182,160,000 after purchasing an additional 35,910 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in National Bank by 1.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,089,730 shares of the financial services provider’s stock valued at $89,984,000 after buying an additional 32,983 shares during the period. State Street Corp raised its stake in National Bank by 7.6% in the third quarter. State Street Corp now owns 1,799,224 shares of the financial services provider’s stock worth $75,747,000 after buying an additional 126,796 shares in the last quarter. Geode Capital Management LLC lifted its holdings in National Bank by 1.1% during the third quarter. Geode Capital Management LLC now owns 861,483 shares of the financial services provider’s stock worth $36,276,000 after buying an additional 9,723 shares during the period. Finally, Principal Financial Group Inc. boosted its position in National Bank by 36.1% during the 3rd quarter. Principal Financial Group Inc. now owns 786,096 shares of the financial services provider’s stock valued at $33,095,000 after acquiring an additional 208,303 shares in the last quarter. 92.65% of the stock is owned by hedge funds and other institutional investors.

National Bank Stock Performance

NYSE:NBHC opened at $35.48 on Monday. The firm has a market capitalization of $1.35 billion, a PE ratio of 11.48 and a beta of 0.77. The stock’s fifty day moving average is $38.84 and its 200 day moving average is $42.68. National Bank has a fifty-two week low of $32.69 and a fifty-two week high of $51.76. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.94 and a current ratio of 0.95.

National Bank (NYSE:NBHC) last announced its earnings results on Wednesday, January 22nd. The financial services provider reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.07. National Bank had a net margin of 19.82% and a return on equity of 9.76%. On average, sell-side analysts anticipate that National Bank will post 3.31 earnings per share for the current year.

National Bank Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were issued a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 3.27%. The ex-dividend date was Friday, February 28th. National Bank’s dividend payout ratio is 37.54%.

About National Bank

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