National Bank Holdings Corporation (NBHC) Earns Neutral Rating from DA Davidson

National Bank Holdings Corporation (NYSE:NBHC)‘s stock had its “neutral” rating reiterated by stock analysts at DA Davidson in a report released on Friday, July 21st.

NBHC has been the topic of a number of other reports. Stephens set a $34.00 price target on shares of National Bank Holdings Corporation and gave the stock a “hold” rating in a report on Monday, June 26th. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $35.00 price target on shares of National Bank Holdings Corporation in a report on Monday, June 26th. BidaskClub downgraded shares of National Bank Holdings Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. Zacks Investment Research raised shares of National Bank Holdings Corporation from a “hold” rating to a “strong-buy” rating and set a $37.00 price target on the stock in a report on Thursday, June 29th. Finally, Piper Jaffray Companies began coverage on shares of National Bank Holdings Corporation in a report on Tuesday, July 11th. They issued a “neutral” rating and a $35.00 price target on the stock. One research analyst has rated the stock with a sell rating, four have issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. National Bank Holdings Corporation presently has an average rating of “Hold” and an average target price of $33.67.

National Bank Holdings Corporation (NBHC) traded up 1.62% during mid-day trading on Friday, reaching $31.97. 134,183 shares of the company’s stock traded hands. National Bank Holdings Corporation has a 12 month low of $22.69 and a 12 month high of $36.04. The stock has a market cap of $856.51 million, a P/E ratio of 25.17 and a beta of 0.66. The company has a 50 day moving average price of $33.53 and a 200-day moving average price of $32.46.

National Bank Holdings Corporation (NYSE:NBHC) last issued its quarterly earnings results on Thursday, July 20th. The financial services provider reported $0.33 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.28 by $0.05. The company had revenue of $48.85 million for the quarter, compared to the consensus estimate 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 period in the previous year, the firm earned $0.15 EPS. On average, analysts anticipate that National Bank Holdings Corporation will post $1.25 EPS for the current year.

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A number of large investors have recently made changes to their positions in NBHC. LS Investment Advisors LLC boosted 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 buying an additional 2,325 shares in the last quarter. Bank of Montreal Can boosted 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 buying an additional 846 shares in the last quarter. First Manhattan Co. purchased a new stake in shares of National Bank Holdings Corporation during the second quarter worth about $163,000. State of Alaska Department of Revenue boosted 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 buying an additional 2,330 shares in the last quarter. Finally, Victory Capital Management Inc. purchased a new stake in shares of National Bank Holdings Corporation during the first quarter worth about $179,000. Institutional investors and hedge funds own 96.94% of the company’s stock.

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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