Trade Report: Today, Brokerages Set National Bank Holdings Corp. (NBHC) Target Price at $23.33

Today, Brokerages Set National Bank Holdings Corp. (NBHC) Target Price at $23.33

National Bank Holdings Corp. (NYSE:NBHC) has received a consensus rating of “Buy” from the seven analysts that are presently covering the stock. Three research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $23.33.

NBHC has been the topic of several research analyst reports. Hovde Group initiated coverage on shares of National Bank Holdings Corp. in a research report on Wednesday, September 7th. They issued a “market perform” rating and a $25.00 price objective on the stock. Zacks Investment Research raised shares of National Bank Holdings Corp. from a “sell” rating to a “hold” rating and set a $26.00 price objective on the stock in a research report on Tuesday, September 27th. Finally, Stephens raised shares of National Bank Holdings Corp. from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $21.00 to $25.00 in a research report on Friday, August 12th.

In other National Bank Holdings Corp. news, Director Burney S. Warren III sold 5,000 shares of the stock in a transaction dated Tuesday, November 22nd. The shares were sold at an average price of $27.00, for a total transaction of $135,000.00. Following the sale, the director now directly owns 19,416 shares in the company, valued at $524,232. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO G. Timothy Laney sold 30,000 shares of the stock in a transaction dated Tuesday, November 22nd. The stock was sold at an average price of $27.45, for a total transaction of $823,500.00. Following the sale, the chief executive officer now owns 756,314 shares in the company, valued at $20,760,819.30. The disclosure for this sale can be found here. Corporate insiders own 9.90% of the company’s stock.

A number of large investors have recently made changes to their positions in NBHC. BlackRock Group LTD increased its stake in shares of National Bank Holdings Corp. by 8,806.3% in the third quarter. BlackRock Group LTD now owns 993,225 shares of the financial services provider’s stock worth $23,212,000 after buying an additional 982,073 shares during the last quarter. Emerald Acquisition Ltd. purchased a new stake in shares of National Bank Holdings Corp. during the second quarter worth about $16,805,000. JPMorgan Chase & Co. increased its stake in shares of National Bank Holdings Corp. by 59.2% in the second quarter. JPMorgan Chase & Co. now owns 1,047,510 shares of the financial services provider’s stock worth $21,327,000 after buying an additional 389,671 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of National Bank Holdings Corp. by 15.2% in the second quarter. Dimensional Fund Advisors LP now owns 1,733,924 shares of the financial services provider’s stock worth $35,302,000 after buying an additional 228,852 shares during the last quarter. Finally, APG Asset Management N.V. purchased a new stake in shares of National Bank Holdings Corp. during the second quarter worth about $4,326,000.

National Bank Holdings Corp. (NYSE:NBHC) opened at 27.17 on Wednesday. The firm has a 50-day moving average of $24.69 and a 200-day moving average of $22.37. National Bank Holdings Corp. has a 52-week low of $18.41 and a 52-week high of $27.76. The firm has a market capitalization of $705.41 million, a price-to-earnings ratio of 48.78 and a beta of 0.58.

National Bank Holdings Corp. (NYSE:NBHC) last issued its quarterly earnings data on Thursday, October 20th. The financial services provider reported $0.30 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.21 by $0.09. The company had revenue of $40.76 million for the quarter, compared to analyst estimates of $45.60 million. National Bank Holdings Corp. had a net margin of 7.82% and a return on equity of 4.03%. The company’s revenue was down 3.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.05 earnings per share. On average, equities research analysts forecast that National Bank Holdings Corp. will post $0.67 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Friday, November 25th will be given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 1.03%. This is a positive change from National Bank Holdings Corp.’s previous quarterly dividend of $0.05. The ex-dividend date is Tuesday, November 22nd. National Bank Holdings Corp.’s dividend payout ratio (DPR) is currently 49.12%.

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