Analysts Set National Bank Holdings Co. (NYSE:NBHC) Target Price at $51.40

National Bank Holdings Co. (NYSE:NBHC) has received a consensus recommendation of “Hold” from the five brokerages that are covering the company, MarketBeat reports. Four analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $51.40.

Several research analysts have recently weighed in on NBHC shares. Hovde Group lowered shares of National Bank from an “outperform” rating to a “market perform” rating and set a $55.00 price objective on the stock. in a report on Monday, November 18th. Stephens lifted their price target on shares of National Bank from $46.00 to $49.00 and gave the company an “equal weight” rating in a report on Thursday, October 24th. DA Davidson increased their target price on National Bank from $51.00 to $53.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Piper Sandler lifted their target price on National Bank from $44.00 to $48.00 and gave the company a “neutral” rating in a report on Thursday, October 24th. Finally, Keefe, Bruyette & Woods upped their price target on National Bank from $47.00 to $52.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th.

Insider Buying and Selling

In related news, insider Valerie D. Kramer sold 1,275 shares of the business’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $49.62, for a total value of $63,265.50. Following the transaction, the insider now owns 10,652 shares in the company, valued at approximately $528,552.24. The trade was a 10.69 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Richard U. Jr. Newfield sold 19,259 shares of the firm’s stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $49.81, for a total value of $959,290.79. Following the sale, the insider now owns 143,210 shares of the company’s stock, valued at approximately $7,133,290.10. This trade represents a 11.85 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 21,431 shares of company stock valued at $1,067,505. Corporate insiders own 3.30% of the company’s stock.

Hedge Funds Weigh In On National Bank

Institutional investors have recently made changes to their positions in the business. AQR Capital Management LLC raised its holdings in National Bank by 49.0% in the second quarter. AQR Capital Management LLC now owns 10,378 shares of the financial services provider’s stock valued at $405,000 after acquiring an additional 3,415 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of National Bank in the 3rd quarter valued at about $491,000. Leeward Investments LLC MA lifted its position in shares of National Bank by 64.2% during the third quarter. Leeward Investments LLC MA now owns 374,638 shares of the financial services provider’s stock worth $15,772,000 after purchasing an additional 146,494 shares during the last quarter. Principal Financial Group Inc. grew its stake in National Bank by 36.1% in the third quarter. Principal Financial Group Inc. now owns 786,096 shares of the financial services provider’s stock worth $33,095,000 after purchasing an additional 208,303 shares in the last quarter. Finally, Assetmark Inc. bought a new stake in National Bank in the third quarter valued at about $71,000. 92.65% of the stock is owned by institutional investors and hedge funds.

National Bank Stock Up 1.4 %

Shares of NYSE NBHC opened at $43.18 on Wednesday. The firm’s 50 day moving average price is $44.26 and its 200 day moving average price is $43.62. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.94 and a current ratio of 0.95. The firm has a market cap of $1.64 billion, a P/E ratio of 13.97 and a beta of 0.85. National Bank has a 1 year low of $32.13 and a 1 year high of $51.76.

National Bank (NYSE:NBHC) last announced its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.79 by $0.07. National Bank had a return on equity of 9.76% and a net margin of 19.82%. As a group, sell-side analysts anticipate that National Bank will post 3.4 earnings per share for the current year.

National Bank Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be paid a $0.29 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.69%. National Bank’s dividend payout ratio (DPR) is currently 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.