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

National Bank Holdings Co. (NYSE:NBHC) has been assigned an average recommendation of “Hold” from the five analysts that are currently covering the company, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $51.40.

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

Insiders Place Their Bets

In related news, insider Richard U. Jr. Newfield sold 19,259 shares of the firm’s stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $49.81, for a total value of $959,290.79. Following the transaction, the insider now owns 143,210 shares in the company, valued at $7,133,290.10. This trade represents a 11.85 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Valerie D. Kramer sold 897 shares of the business’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $50.11, for a total value of $44,948.67. Following the sale, the insider now directly owns 9,755 shares of the company’s stock, valued at $488,823.05. This represents a 8.42 % decrease in their ownership of the stock. 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 in the last 90 days. 3.10% of the stock is currently owned by insiders.

Institutional Investors Weigh In On National Bank

Several institutional investors have recently modified their holdings of NBHC. Geode Capital Management LLC boosted its stake in National Bank by 1.1% in the third quarter. Geode Capital Management LLC now owns 861,483 shares of the financial services provider’s stock valued at $36,276,000 after acquiring an additional 9,723 shares during the last quarter. Barclays PLC boosted its position in shares of National Bank by 91.9% in the 3rd quarter. Barclays PLC now owns 103,076 shares of the financial services provider’s stock worth $4,340,000 after purchasing an additional 49,359 shares during the last quarter. Public Employees Retirement System of Ohio boosted its position in shares of National Bank by 22.7% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 59,898 shares of the financial services provider’s stock worth $2,522,000 after purchasing an additional 11,070 shares during the last quarter. State Street Corp grew its stake in shares of National Bank by 7.6% during the third quarter. State Street Corp now owns 1,799,224 shares of the financial services provider’s stock worth $75,747,000 after purchasing an additional 126,796 shares during the period. Finally, Systematic Financial Management LP bought a new stake in National Bank in the third quarter valued at about $756,000. Institutional investors and hedge funds own 92.65% of the company’s stock.

National Bank Trading Up 0.5 %

Shares of NBHC stock opened at $46.58 on Tuesday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.92 and a current ratio of 0.92. The firm has a fifty day moving average of $46.07 and a 200-day moving average of $42.39. National Bank has a 52-week low of $32.13 and a 52-week high of $51.76. The stock has a market cap of $1.77 billion, a price-to-earnings ratio of 14.36 and a beta of 0.84.

National Bank (NYSE:NBHC) last announced its quarterly earnings results 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. 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 during the quarter, compared to analysts’ expectations of $102.32 million. During the same quarter last year, the company earned $0.94 earnings per share. On average, equities research analysts forecast that National Bank will post 3.18 earnings per share for the current fiscal year.

National Bank Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were given a dividend of $0.29 per share. This is an increase from National Bank’s previous quarterly dividend of $0.28. The ex-dividend date was Friday, November 29th. This represents a $1.16 annualized dividend and a yield of 2.49%. National Bank’s dividend payout ratio is 35.91%.

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.