National Bank Holdings Corporation (NBHC) Lifted to “Sell” at BidaskClub

BidaskClub upgraded shares of National Bank Holdings Corporation (NYSE:NBHC) from a strong sell rating to a sell rating in a research note published on Wednesday morning.

A number of other analysts have also recently weighed in on the stock. DA Davidson reaffirmed a neutral rating on shares of National Bank Holdings Corporation in a research note on Friday, July 21st. Piper Jaffray Companies initiated coverage on shares of National Bank Holdings Corporation in a research note on Tuesday, July 11th. They set a neutral rating and a $35.00 target price on the stock. Keefe, Bruyette & Woods reaffirmed a buy rating and set a $35.00 target price on shares of National Bank Holdings Corporation in a research note on Monday, June 26th. Zacks Investment Research cut shares of National Bank Holdings Corporation from a buy rating to a hold rating in a research note on Tuesday, June 27th. Finally, Stephens set a $34.00 target price on shares of National Bank Holdings Corporation and gave the stock a hold rating in a research note on Monday, June 26th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. The stock currently has an average rating of Hold and an average target price of $35.40.

National Bank Holdings Corporation (NYSE NBHC) opened at 32.22 on Wednesday. National Bank Holdings Corporation has a 12 month low of $22.69 and a 12 month high of $36.04. The firm has a 50-day moving average price of $32.56 and a 200-day moving average price of $32.37. The company has a market capitalization of $863.21 million, a price-to-earnings ratio of 25.37 and a beta of 0.67.

National Bank Holdings Corporation (NYSE:NBHC) last posted its earnings results on Thursday, July 20th. The financial services provider reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.05. The firm had revenue of $48.85 million for the quarter, compared to analysts’ expectations of $48.30 million. National Bank Holdings Corporation had a net margin of 17.64% and a return on equity of 6.60%. During the same quarter in the previous year, the firm posted $0.15 earnings per share. On average, equities analysts anticipate that National Bank Holdings Corporation will post $1.24 earnings per share for the current fiscal year.

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The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, August 25th were paid a $0.09 dividend. The ex-dividend date was Wednesday, August 23rd. This represents a $0.36 annualized dividend and a dividend yield of 1.12%. National Bank Holdings Corporation’s dividend payout ratio is 27.91%.

Institutional investors have recently modified their holdings of the stock. LS Investment Advisors LLC grew its stake in shares of National Bank Holdings Corporation by 237.2% in the first quarter. LS Investment Advisors LLC now owns 3,305 shares of the financial services provider’s stock worth $107,000 after purchasing an additional 2,325 shares during the last quarter. Bank of Montreal Can grew its stake in shares of National Bank Holdings Corporation by 29.6% in the first quarter. Bank of Montreal Can now owns 3,706 shares of the financial services provider’s stock worth $120,000 after purchasing an additional 846 shares during the last quarter. First Manhattan Co. bought a new stake in shares of National Bank Holdings Corporation in the second quarter worth $163,000. State of Alaska Department of Revenue grew its stake in shares of National Bank Holdings Corporation by 79.3% in the second quarter. State of Alaska Department of Revenue now owns 5,270 shares of the financial services provider’s stock worth $174,000 after purchasing an additional 2,330 shares during the last quarter. Finally, Victory Capital Management Inc. bought a new stake in shares of National Bank Holdings Corporation in the first quarter worth $179,000. 94.60% of the stock is currently owned by institutional investors.

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.

Analyst Recommendations for National Bank Holdings Corporation (NYSE:NBHC)

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