Brokerages Set National Bank Holdings Co. (NYSE:NBHC) PT at $46.40

National Bank Holdings Co. (NYSE:NBHC) has received a consensus recommendation of “Hold” from the five research firms that are presently covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $49.00.

Several equities analysts recently commented on NBHC shares. Hovde Group upped their target price on shares of National Bank from $42.00 to $50.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. Piper Sandler increased their target price on shares of National Bank from $44.00 to $48.00 and gave the company a “neutral” rating in a research note on Thursday. Keefe, Bruyette & Woods upped their price target on National Bank from $39.00 to $45.00 and gave the company a “market perform” rating in a report on Monday, July 29th. StockNews.com lowered National Bank from a “hold” rating to a “sell” rating in a report on Wednesday, July 24th. Finally, Stephens upped their target price on National Bank from $46.00 to $49.00 and gave the company an “equal weight” rating in a research note on Thursday.

National Bank Stock Down 2.6 %

National Bank stock opened at $44.40 on Monday. The firm has a market cap of $1.68 billion, a price-to-earnings ratio of 13.75 and a beta of 0.85. The firm has a fifty day moving average price of $42.20 and a two-hundred day moving average price of $39.24. National Bank has a fifty-two week low of $29.86 and a fifty-two week high of $46.51. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.93 and a quick ratio of 0.93.

National Bank (NYSE:NBHC) last released its earnings results on Tuesday, October 22nd. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.76 by $0.10. National Bank had a return on equity of 10.06% and a net margin of 20.52%. The firm had revenue of $156.39 million for the quarter, compared to analyst estimates of $102.32 million. During the same quarter last year, the firm posted $0.94 EPS. As a group, analysts forecast that National Bank will post 3.03 earnings per share for the current year.

National Bank Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be given a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 2.61%. This is a boost from National Bank’s previous quarterly dividend of $0.28. The ex-dividend date is Friday, November 29th. National Bank’s dividend payout ratio is 34.67%.

Insiders Place Their Bets

In other news, insider Valerie D. Kramer sold 725 shares of the business’s stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $40.17, for a total value of $29,123.25. Following the sale, the insider now owns 10,398 shares in the company, valued at approximately $417,687.66. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Art Zeile sold 3,875 shares of the firm’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $41.27, for a total transaction of $159,921.25. Following the completion of the sale, the director now directly owns 16,202 shares of the company’s stock, valued at $668,656.54. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Valerie D. Kramer sold 725 shares of the business’s stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $40.17, for a total value of $29,123.25. Following the completion of the transaction, the insider now directly owns 10,398 shares in the company, valued at approximately $417,687.66. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 34,691 shares of company stock worth $1,502,496 over the last three months. 3.10% of the stock is currently owned by corporate insiders.

Institutional Trading of National Bank

A number of hedge funds and other institutional investors have recently made changes to their positions in NBHC. Louisiana State Employees Retirement System increased its position in National Bank by 1.6% in the 2nd quarter. Louisiana State Employees Retirement System now owns 19,000 shares of the financial services provider’s stock valued at $742,000 after acquiring an additional 300 shares in the last quarter. Texas Permanent School Fund Corp raised its position in National Bank by 1.4% in the 1st quarter. Texas Permanent School Fund Corp now owns 33,069 shares of the financial services provider’s stock worth $1,193,000 after purchasing an additional 449 shares during the last quarter. Rhumbline Advisers lifted its holdings in National Bank by 0.4% during the 2nd quarter. Rhumbline Advisers now owns 126,304 shares of the financial services provider’s stock worth $4,932,000 after buying an additional 492 shares in the last quarter. ProShare Advisors LLC boosted its position in National Bank by 7.4% in the 1st quarter. ProShare Advisors LLC now owns 7,450 shares of the financial services provider’s stock valued at $269,000 after buying an additional 513 shares during the last quarter. Finally, Innealta Capital LLC acquired a new stake in shares of National Bank in the 2nd quarter valued at $41,000. 92.65% of the stock is currently owned by institutional investors and hedge funds.

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.