National Bank Holdings Co. (NYSE:NBHC) Receives $51.40 Average PT from Brokerages

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

A number of analysts recently issued reports on the company. Keefe, Bruyette & Woods boosted their price objective on National Bank from $47.00 to $52.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. Hovde Group cut National Bank from an “outperform” rating to a “market perform” rating and set a $55.00 price target on the stock. in a research report on Monday, November 18th. Finally, StockNews.com upgraded shares of National Bank from a “sell” rating to a “hold” rating in a research report on Thursday.

National Bank Price Performance

NBHC opened at $41.78 on Friday. The company has a market capitalization of $1.59 billion, a price-to-earnings ratio of 13.52 and a beta of 0.85. The company has a quick ratio of 0.94, a current ratio of 0.95 and a debt-to-equity ratio of 0.08. The firm has a 50-day moving average price of $42.93 and a 200-day moving average price of $43.76. National Bank has a twelve month low of $32.13 and a twelve month high of $51.76.

National Bank (NYSE:NBHC) last released its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $0.07. National Bank had a net margin of 19.82% and a return on equity of 9.76%. Equities analysts expect that National Bank will post 3.31 EPS for the current year.

National Bank Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be given a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 2.78%. The ex-dividend date of this dividend is Friday, February 28th. National Bank’s dividend payout ratio (DPR) is 37.54%.

Institutional Investors Weigh In On National Bank

Several hedge funds have recently bought and sold shares of NBHC. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of National Bank by 3.8% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 84,741 shares of the financial services provider’s stock valued at $3,649,000 after buying an additional 3,085 shares in the last quarter. iSAM Funds UK Ltd bought a new stake in National Bank during the fourth quarter worth about $246,000. ProShare Advisors LLC boosted its holdings in shares of National Bank by 44.3% in the 4th quarter. ProShare Advisors LLC now owns 11,142 shares of the financial services provider’s stock worth $480,000 after purchasing an additional 3,422 shares in the last quarter. Man Group plc increased its position in shares of National Bank by 22.1% during the 4th quarter. Man Group plc now owns 20,752 shares of the financial services provider’s stock valued at $894,000 after purchasing an additional 3,751 shares during the last quarter. Finally, Millennium Management LLC raised its holdings in shares of National Bank by 45.2% during the 4th quarter. Millennium Management LLC now owns 9,243 shares of the financial services provider’s stock valued at $398,000 after buying an additional 2,876 shares in the last quarter. 92.65% of the stock is currently owned by institutional investors.

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.