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

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

Several brokerages recently weighed in on NBHC. DA Davidson increased their target price 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 company a “neutral” rating in a research report on Thursday, October 24th. Hovde Group downgraded 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 research note on Monday, November 18th. Stephens upped their target price on shares of National Bank from $46.00 to $49.00 and gave the company an “equal weight” rating in a research note on Thursday, October 24th. Finally, Keefe, Bruyette & Woods raised their price target on shares of National Bank from $47.00 to $52.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th.

National Bank Trading Up 0.0 %

NYSE:NBHC opened at $42.82 on Friday. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.04. The company’s 50 day moving average is $46.24 and its 200-day moving average is $43.17. The firm has a market cap of $1.63 billion, a price-to-earnings ratio of 13.26 and a beta of 0.86. National Bank has a 12 month low of $32.13 and a 12 month high of $51.76.

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

National Bank Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.71%. This is an increase from National Bank’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Friday, November 29th. National Bank’s dividend payout ratio (DPR) is presently 35.91%.

Insider Activity

In related news, insider Valerie D. Kramer sold 1,275 shares of the stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $49.62, for a total transaction of $63,265.50. Following the sale, the insider now directly owns 10,652 shares in the company, valued at $528,552.24. This represents a 10.69 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Richard U. Jr. Newfield sold 19,259 shares of National Bank stock in a transaction 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 completion of the transaction, the insider now owns 143,210 shares of the company’s stock, valued at approximately $7,133,290.10. The trade was a 11.85 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 21,431 shares of company stock worth $1,067,505. Corporate insiders own 3.10% of the company’s stock.

Institutional Trading of National Bank

A number of hedge funds and other institutional investors have recently modified their holdings of NBHC. Victory Capital Management Inc. lifted its holdings in National Bank by 12,407.1% in the second quarter. Victory Capital Management Inc. now owns 1,824,912 shares of the financial services provider’s stock valued at $71,263,000 after buying an additional 1,810,321 shares during the period. American Century Companies Inc. raised its position in shares of National Bank by 154.8% during the 2nd quarter. American Century Companies Inc. now owns 377,929 shares of the financial services provider’s stock valued at $14,758,000 after acquiring an additional 229,630 shares during the last quarter. Principal Financial Group Inc. lifted its stake in shares of National Bank by 36.1% in the 3rd quarter. Principal Financial Group Inc. now owns 786,096 shares of the financial services provider’s stock valued at $33,095,000 after purchasing an additional 208,303 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of National Bank by 9.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,950,210 shares of the financial services provider’s stock worth $76,152,000 after purchasing an additional 167,711 shares during the last quarter. Finally, Leeward Investments LLC MA increased its stake in shares of National Bank by 64.2% in the 3rd quarter. Leeward Investments LLC MA now owns 374,638 shares of the financial services provider’s stock valued at $15,772,000 after acquiring an additional 146,494 shares during the last quarter. Institutional investors and hedge funds own 92.65% of the company’s stock.

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.