National Bank Holdings Co. (NYSE:NBHC – Get Rating) has been assigned a consensus “buy” recommendation by the four brokerages that currently cover the business, MarketBeat Ratings reports. Two research analysts rated the stock with a hold recommendation and two gave the company a buy recommendation. The 12-month average price target among brokers who have rated the stock over the past year is $45.33.
The CSNB has been the subject of a number of recent analyst reports. Stephens raised his price target on National Bank shares from $45.00 to $46.00 and gave the stock an “equal weight” rating in a Wednesday, April 20 research report. StockNews.com began covering National Bank stocks in a report on Thursday, March 31. They have placed a “holding” rating on the stock.
NBHC shares opened at $38.18 on Friday. National Bank has a 52-week low of $34.11 and a 52-week high of $48.24. The stock has a market capitalization of $1.15 billion, a PE ratio of 13.88 and a beta of 0.89. The company has a debt ratio of 0.05, a quick ratio of 0.85 and a current ratio of 0.86. The company’s 50-day moving average price is $39.06 and its two-hundred-day moving average price is $42.38.
National Bank (NYSE:NBHC – Get Rating) last reported quarterly earnings data on Monday, April 18. The financial services provider reported earnings per share (EPS) of $0.61 for the quarter, missing analyst consensus estimates of $0.67 per ($0.06). National Bank posted a net margin of 28.64% and a return on equity of 10.23%. The company posted revenue of $67.03 million in the quarter, versus a consensus estimate of $70.51 million. In the same period a year earlier, the company posted earnings of $0.87 per share. National Bank’s revenues fell 16.1% compared to the same quarter last year. As a group, sell-side analysts expect National Bank to post earnings per share of 2.61 for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 15. Shareholders of record on Friday, May 27 will receive a dividend of $0.23. The ex-date of this dividend is Thursday, May 26. This represents an annualized dividend of $0.92 and a yield of 2.41%. National Bank’s payout ratio is currently 33.45%.
In other news, CEO G. Timothy Laney sold 5,800 shares of the company in a trade dated Tuesday, May 17. The shares were sold at an average price of $40.02, for a total transaction of $232,116.00. As a result of the transaction, the CEO now directly owns 311,208 shares of the company, valued at approximately $12,454,544.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, accessible via the SEC’s website. 4.80% of the shares are currently held by insiders.
Several institutional investors have recently increased or reduced their stake in the company. Range Financial Group LLC acquired a new position in National Bank stock during Q1 worth approximately $1,547,000. Lido Advisors LLC purchased a new National Bank equity stake during Q1 worth approximately $338,000. Point72 Hong Kong Ltd increased its holdings of National Bank shares by 2,677.4% during the 1st quarter. Point72 Hong Kong Ltd now owns 1,722 shares of the financial services provider worth $69,000 after buying an additional 1,660 shares during the period. Dynamic Technology Lab Private Ltd acquired a new National Bank equity stake during Q1 worth approximately $457,000. Finally, Guggenheim Capital LLC increased its stake in National Bank shares by 12.4% during the 1st quarter. Guggenheim Capital LLC now owns 35,936 shares of the financial services provider worth $1,447,000 after purchasing an additional 3,961 shares during the period. Institutional investors hold 97.59% of the company’s shares.
About National Bank (Get a rating)
National Bank Holdings Corporation operates as a bank holding company for NBH Bank which provides various banking products and financial services to commercial, business and consumer customers in the United States. It offers deposit products, including checking, savings, money market and other deposit accounts, including fixed rate and fixed term deposits.
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