National Bank Holdings Co. (NYSE:NBHC) Given Average Rating of “Hold” by Brokerages

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

Several brokerages recently issued reports on NBHC. Keefe, Bruyette & Woods raised their target price on shares of 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 downgraded shares of National Bank from an “outperform” rating to a “market perform” rating and set a $55.00 target price for the company. in a research note on Monday, November 18th. Finally, StockNews.com upgraded shares of National Bank from a “sell” rating to a “hold” rating in a research note on Thursday.

Institutional Investors Weigh In On National Bank

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

National Bank Price Performance

NBHC stock opened at $41.77 on Friday. The stock has a 50-day moving average price of $42.98 and a two-hundred day moving average price of $43.76. The stock has a market cap of $1.59 billion, a PE ratio of 13.52 and a beta of 0.85. The company has a current ratio of 0.95, a quick ratio of 0.94 and a debt-to-equity ratio of 0.08. 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 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.07. National Bank had a return on equity of 9.76% and a net margin of 19.82%. Equities analysts forecast that National Bank will post 3.31 EPS for the current fiscal year.

National Bank Announces Dividend

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