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

National Bank Holdings Co. (NYSE:NBHC) has been assigned a consensus recommendation of “Hold” from the five analysts that are currently covering the company, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $51.40.

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

Insider Activity

In related news, insider Valerie D. Kramer sold 897 shares of the stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $50.11, for a total transaction of $44,948.67. Following the sale, the insider now owns 9,755 shares of the company’s stock, valued at approximately $488,823.05. This represents a 8.42 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Richard U. Jr. Newfield sold 19,259 shares of National Bank stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $49.81, for a total value of $959,290.79. Following the transaction, the insider now directly owns 143,210 shares of the company’s stock, valued at $7,133,290.10. The trade was a 11.85 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 21,431 shares of company stock valued at $1,067,505 over the last quarter. Company insiders own 3.10% of the company’s stock.

Institutional Trading of National Bank

Institutional investors and hedge funds have recently bought and sold shares of the company. Innealta Capital LLC bought a new position in National Bank in the 2nd quarter worth about $41,000. Meeder Asset Management Inc. bought a new position in shares of National Bank in the second quarter worth approximately $52,000. Assetmark Inc. purchased a new stake in National Bank in the third quarter valued at approximately $71,000. Atria Investments Inc bought a new stake in National Bank during the third quarter valued at approximately $202,000. Finally, Choreo LLC purchased a new position in National Bank in the 2nd quarter worth approximately $209,000. 92.65% of the stock is currently owned by hedge funds and other institutional investors.

National Bank Price Performance

Shares of NYSE:NBHC opened at $46.35 on Tuesday. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.04. The stock has a market cap of $1.76 billion, a PE ratio of 14.35 and a beta of 0.84. The stock’s fifty day simple moving average is $46.07 and its two-hundred day simple moving average is $42.35. National Bank has a 1-year low of $32.13 and a 1-year high of $51.76.

National Bank (NYSE:NBHC) last released its quarterly earnings results on Tuesday, October 22nd. The financial services provider reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.76 by $0.10. National Bank had a net margin of 20.52% and a return on equity of 9.93%. The company had revenue of $156.39 million for the quarter, compared to analyst estimates of $102.32 million. During the same period last year, the firm earned $0.94 earnings per share. As a group, analysts forecast that National Bank will post 3.18 EPS for the current fiscal year.

National Bank Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 2.50%. 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. National Bank’s dividend payout ratio (DPR) 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.