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

Shares of National Bank Holdings Co. (NYSE:NBHC) have been given a consensus rating of “Hold” by the five research firms that are presently covering the firm, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $51.40.

NBHC has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods raised their price objective on shares of National Bank from $47.00 to $52.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. DA Davidson lifted their price target on National Bank from $51.00 to $53.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Piper Sandler increased their price objective on National Bank from $44.00 to $48.00 and gave the stock a “neutral” rating in a research report on Thursday, October 24th. Hovde Group lowered shares of National Bank from an “outperform” rating to a “market perform” rating and set a $55.00 target price on the stock. in a research report on Monday, November 18th. Finally, Stephens increased 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.

Insider Buying and Selling at National Bank

In related news, insider Richard U. Jr. Newfield sold 19,259 shares of National Bank stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $49.81, for a total transaction of $959,290.79. Following the completion of the sale, the insider now owns 143,210 shares in the company, valued at approximately $7,133,290.10. This trade represents a 11.85 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Valerie D. Kramer sold 897 shares of the business’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $50.11, for a total transaction of $44,948.67. Following the completion of the transaction, the insider now directly owns 9,755 shares of the company’s stock, valued at $488,823.05. The trade was a 8.42 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 21,431 shares of company stock worth $1,067,505. 3.30% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On National Bank

A number of institutional investors have recently modified their holdings of NBHC. Meeder Asset Management Inc. purchased a new stake in National Bank in the 2nd quarter worth approximately $52,000. Assetmark Inc. purchased a new stake in shares of National Bank in the third quarter valued at $71,000. Atria Investments Inc purchased a new stake in shares of National Bank in the third quarter valued at $202,000. Choreo LLC acquired a new position in National Bank in the second quarter valued at $209,000. Finally, Intech Investment Management LLC purchased a new position in National Bank during the second quarter worth about $319,000. Institutional investors and hedge funds own 92.65% of the company’s stock.

National Bank Price Performance

National Bank stock opened at $42.84 on Friday. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.92 and a quick ratio of 0.92. The business has a 50 day simple moving average of $46.18 and a 200-day simple moving average of $43.21. National Bank has a 12 month low of $32.13 and a 12 month high of $51.76. The stock has a market capitalization of $1.63 billion, a PE ratio of 13.26 and a beta of 0.86.

National Bank (NYSE:NBHC) last announced its quarterly earnings data on Tuesday, October 22nd. The financial services provider reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.10. The company had revenue of $156.39 million during the quarter, compared to the consensus estimate of $102.32 million. National Bank had a net margin of 20.52% and a return on equity of 9.93%. During the same quarter in the prior year, the firm earned $0.94 EPS. Equities analysts predict that National Bank will post 3.18 earnings per share for the current year.

National Bank Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were given a $0.29 dividend. The ex-dividend date of this dividend was Friday, November 29th. This is a positive change from National Bank’s previous quarterly dividend of $0.28. This represents a $1.16 annualized dividend and a dividend yield of 2.71%. National Bank’s payout ratio is currently 35.91%.

National Bank Company Profile

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.