In a report released today, Gordon McGuire from Stephens assigned a Hold rating to National Bank Holdings (NBHC), with a price target of $37. The company’s shares opened today at $33.97.
McGuire commented:
“We expect this property sale is one of the multiple contracts the Company has alluded to previously that had been delayed this year. As a reminder, the Company had previously noted on its 1Q19 call that the bulk of the expense associated with these contracts were expensed in that quarter, so we do not anticipate a correlated offsetting expense in 3Q and would expect NBHC to ultimately finish the year with a net negative problem asset & OREO expense vs. its guidance for net zero (including this gain, YTD net of -$3.2 mil.). We are updating our 3Q EPS forecast (to $0.72) to reflect this gain, adding $0.10 to our prior forecast. We are EW.Stephens Inc. Holdings Corp.”
According to TipRanks.com, McGuire is ranked #3456 out of 5247 analysts.
Currently, the analyst consensus on National Bank Holdings is a Hold with an average price target of $37.
See today’s analyst top recommended stocks >>
National Bank Holdings’ market cap is currently $1.06B and has a P/E ratio of 14.41. The company has a Price to Book ratio of 1.45.
Based on the recent corporate insider activity of 68 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of NBHC in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
National Bank Holdings Corp. is a bank holding company, which engages in the provision of banking products to both commercial and consumer clients. It operates under the following brand names: Bank Midwest in Kansas and Missouri, Community Banks of Colorado in Colorado, and Hillcrest Bank in Texas, Utah, and New Mexico.
