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

Shares of National Bank Holdings Co. (NYSE:NBHC) have been assigned a consensus rating of “Hold” from the five brokerages that are covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $46.40.

Several equities analysts recently issued reports on NBHC shares. Stephens upped their price objective on shares of National Bank from $38.00 to $46.00 and gave the company an “equal weight” rating in a research note on Thursday, July 25th. StockNews.com downgraded shares of National Bank from a “hold” rating to a “sell” rating in a research note on Wednesday, July 24th. DA Davidson upped their price target on shares of National Bank from $42.00 to $45.00 and gave the stock a “buy” rating in a research report on Tuesday, July 2nd. Hovde Group upped their price target on shares of National Bank from $42.00 to $50.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. Finally, Piper Sandler lowered shares of National Bank from an “overweight” rating to a “neutral” rating and upped their price target for the stock from $42.00 to $46.00 in a research report on Thursday, July 25th.

National Bank Stock Performance

Shares of NBHC opened at $45.05 on Monday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.93 and a current ratio of 0.93. The company has a market capitalization of $1.70 billion, a price-to-earnings ratio of 12.95 and a beta of 0.85. The company’s 50 day simple moving average is $42.04 and its 200 day simple moving average is $39.10. National Bank has a 1 year low of $28.38 and a 1 year high of $46.51.

National Bank (NYSE:NBHC) last announced its quarterly earnings data on Tuesday, October 22nd. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.10. The business had revenue of $156.39 million for the quarter, compared to the consensus estimate of $102.32 million. National Bank had a net margin of 21.40% and a return on equity of 10.44%. During the same quarter in the prior year, the firm posted $0.94 earnings per share. On average, sell-side analysts predict that National Bank will post 3.03 EPS for the current year.

National Bank Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were given a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 2.49%. The ex-dividend date was Friday, August 30th. National Bank’s payout ratio is currently 32.18%.

Insider Transactions at National Bank

In related news, CEO G. Timothy Laney sold 49,763 shares of the firm’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $42.64, for a total transaction of $2,121,894.32. Following the completion of the sale, the chief executive officer now directly owns 272,126 shares of the company’s stock, valued at approximately $11,603,452.64. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO G. Timothy Laney sold 49,763 shares of National Bank stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $42.64, for a total value of $2,121,894.32. Following the sale, the chief executive officer now directly owns 272,126 shares in the company, valued at $11,603,452.64. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Art Zeile sold 3,875 shares of the firm’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $41.27, for a total transaction of $159,921.25. Following the transaction, the director now directly owns 16,202 shares in the company, valued at approximately $668,656.54. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 103,192 shares of company stock valued at $4,431,998 over the last 90 days. Corporate insiders own 3.10% of the company’s stock.

Institutional Trading of National Bank

Several institutional investors have recently made changes to their positions in NBHC. Innealta Capital LLC acquired a new stake in National Bank in the second quarter valued at approximately $41,000. Meeder Asset Management Inc. acquired a new stake in shares of National Bank in the 2nd quarter valued at $52,000. Choreo LLC acquired a new stake in shares of National Bank in the 2nd quarter valued at $209,000. ProShare Advisors LLC lifted its position in National Bank by 7.4% during the 1st quarter. ProShare Advisors LLC now owns 7,450 shares of the financial services provider’s stock worth $269,000 after buying an additional 513 shares in the last quarter. Finally, Intech Investment Management LLC acquired a new position in National Bank during the 2nd quarter worth about $319,000. 92.65% of the stock is currently owned by institutional investors and hedge funds.

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.