National Bank Holdings Corporation (NBHC) Given Consensus Recommendation of “Hold” by Brokerages

Shares of National Bank Holdings Corporation (NYSE:NBHC) have been assigned a consensus rating of “Hold” from the seven research firms that are currently covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, three have given a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $35.00.

NBHC has been the topic of several recent research reports. DA Davidson reaffirmed a “neutral” rating on shares of National Bank Holdings Corporation in a report on Friday, July 21st. BidaskClub downgraded National Bank Holdings Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. Zacks Investment Research downgraded National Bank Holdings Corporation from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 24th. Keefe, Bruyette & Woods downgraded National Bank Holdings Corporation from an “outperform” rating to a “mkt perform” rating in a research note on Saturday, October 21st. Finally, Sandler O’Neill raised National Bank Holdings Corporation from a “hold” rating to a “buy” rating and set a $36.00 price objective on the stock in a research note on Friday, August 18th.

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Large investors have recently made changes to their positions in the company. First Manhattan Co. acquired a new position in shares of National Bank Holdings Corporation in the 2nd quarter valued at about $163,000. State of Alaska Department of Revenue lifted its stake in shares of National Bank Holdings Corporation by 79.3% in the 2nd quarter. State of Alaska Department of Revenue now owns 5,270 shares of the financial services provider’s stock valued at $174,000 after purchasing an additional 2,330 shares during the period. Cubist Systematic Strategies LLC acquired a new position in shares of National Bank Holdings Corporation in the 2nd quarter valued at about $201,000. Municipal Employees Retirement System of Michigan lifted its stake in shares of National Bank Holdings Corporation by 6.4% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 6,280 shares of the financial services provider’s stock valued at $208,000 after purchasing an additional 380 shares during the period. Finally, Victory Capital Management Inc. lifted its stake in shares of National Bank Holdings Corporation by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 6,478 shares of the financial services provider’s stock valued at $214,000 after purchasing an additional 970 shares during the period. 94.54% of the stock is currently owned by institutional investors.

National Bank Holdings Corporation (NYSE:NBHC) opened at $30.74 on Monday. The company has a market capitalization of $825.31, a PE ratio of 24.59, a price-to-earnings-growth ratio of 2.53 and a beta of 0.65. National Bank Holdings Corporation has a twelve month low of $25.13 and a twelve month high of $37.08. The company has a current ratio of 0.83, a quick ratio of 0.82 and a debt-to-equity ratio of 0.23.

National Bank Holdings Corporation (NYSE:NBHC) last announced its earnings results on Wednesday, October 18th. The financial services provider reported $0.26 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by ($0.04). The company had revenue of $47.45 million for the quarter, compared to analyst estimates of $48.90 million. National Bank Holdings Corporation had a return on equity of 6.40% and a net margin of 17.13%. During the same period in the previous year, the firm posted $0.30 earnings per share. equities analysts anticipate that National Bank Holdings Corporation will post 1.21 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, November 24th will be paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.17%. The ex-dividend date is Wednesday, November 22nd. National Bank Holdings Corporation’s dividend payout ratio is 28.80%.

About National Bank Holdings Corporation

National Bank Holdings Corporation (NBH) is a bank holding company. Through Bank Midwest, N.A. (Bank Midwest), NBH’s primary business is to offer a range of products and financial services to both its commercial and consumer customers, located in Kansas, Missouri and Colorado. The Company offers an array of lending products to cater to the customers’ needs, including, but not limited to, small business loans, equipment loans, term loans, asset-backed loans, letters of credit, commercial lines of credit, residential mortgage loans, home equity and consumer loans.

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