National Bank Holdings Corporation (NBHC) Given Market Perform Rating at Keefe, Bruyette & Woods

Keefe, Bruyette & Woods reaffirmed their market perform rating on shares of National Bank Holdings Corporation (NYSE:NBHC) in a research note issued to investors on Friday. The brokerage currently has a $35.00 price objective on the financial services provider’s stock.

A number of other equities analysts have also recently commented on NBHC. BidaskClub cut National Bank Holdings Corporation from a buy rating to a hold rating in a report on Tuesday. Sandler O’Neill upgraded National Bank Holdings Corporation from a hold rating to a buy rating and set a $36.00 target price for the company in a report on Friday, August 18th. Zacks Investment Research cut National Bank Holdings Corporation from a buy rating to a hold rating in a report on Wednesday, August 30th. Stephens set a $34.00 target price on National Bank Holdings Corporation and gave the stock a hold rating in a report on Monday, June 26th. Finally, Piper Jaffray Companies assumed coverage on National Bank Holdings Corporation in a report on Tuesday, July 11th. They issued a neutral rating and a $35.00 target price for the company. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus target price of $35.00.

Shares of National Bank Holdings Corporation (NYSE NBHC) traded down 4.24% during mid-day trading on Friday, reaching $32.98. The company’s stock had a trading volume of 281,878 shares. The stock has a market capitalization of $883.57 million, a P/E ratio of 25.97 and a beta of 0.69. The company’s 50-day moving average price is $34.20 and its 200-day moving average price is $32.86. National Bank Holdings Corporation has a 12-month low of $23.56 and a 12-month high of $37.08.

National Bank Holdings Corporation (NYSE:NBHC) last released its quarterly earnings results on Wednesday, October 18th. The financial services provider reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.04). The firm had revenue of $47.45 million for the quarter, compared to analysts’ expectations of $48.90 million. National Bank Holdings Corporation had a net margin of 17.13% and a return on equity of 6.40%. During the same quarter in the prior year, the business earned $0.30 EPS. On average, equities research analysts forecast that National Bank Holdings Corporation will post $1.20 earnings per share for the current fiscal year.

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Institutional investors have recently made changes to their positions in the company. First Manhattan Co. purchased a new position in shares of National Bank Holdings Corporation in the 2nd quarter worth approximately $163,000. State of Alaska Department of Revenue boosted its holdings 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 worth $174,000 after purchasing an additional 2,330 shares during the period. Victory Capital Management Inc. purchased a new position in shares of National Bank Holdings Corporation in the 1st quarter worth approximately $179,000. Cubist Systematic Strategies LLC purchased a new position in shares of National Bank Holdings Corporation in the 2nd quarter worth approximately $201,000. Finally, Mason Street Advisors LLC boosted its holdings in shares of National Bank Holdings Corporation by 9.7% in the 1st quarter. Mason Street Advisors LLC now owns 6,222 shares of the financial services provider’s stock worth $202,000 after purchasing an additional 549 shares during the period. Hedge funds and other institutional investors own 94.60% of the company’s stock.

National Bank Holdings Corporation Company Profile

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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