Piper Sandler Increases National Bank (NYSE:NBHC) Price Target to $48.00

National Bank (NYSE:NBHC) had its price target hoisted by equities research analysts at Piper Sandler from $44.00 to $48.00 in a research note issued to investors on Thursday, Benzinga reports. The firm currently has a “neutral” rating on the financial services provider’s stock. Piper Sandler’s target price would suggest a potential upside of 8.11% from the company’s previous close.

Several other research firms have also issued reports on NBHC. StockNews.com lowered shares of National Bank from a “hold” rating to a “sell” rating in a research report on Wednesday, July 24th. Keefe, Bruyette & Woods upped their price target on National Bank from $39.00 to $45.00 and gave the company a “market perform” rating in a report on Monday, July 29th. DA Davidson lifted their price objective on National Bank from $42.00 to $45.00 and gave the stock a “buy” rating in a report on Tuesday, July 2nd. Stephens upped their target price on National Bank from $38.00 to $46.00 and gave the company an “equal weight” rating in a research note on Thursday, July 25th. Finally, Hovde Group lifted their price target on shares of National Bank from $42.00 to $50.00 and gave the stock an “outperform” rating in a research note on Friday, July 26th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $49.00.

National Bank Stock Performance

Shares of NBHC opened at $44.40 on Thursday. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.93 and a quick ratio of 0.93. National Bank has a one year low of $29.86 and a one year high of $46.51. The company’s fifty day moving average price is $42.20 and its 200 day moving average price is $39.21. The company has a market capitalization of $1.68 billion, a PE ratio of 13.75 and a beta of 0.85.

National Bank (NYSE:NBHC) last announced its earnings results on Tuesday, October 22nd. The financial services provider reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.10. National Bank had a return on equity of 10.06% and a net margin of 20.52%. The firm had revenue of $156.39 million during the quarter, compared to the consensus estimate of $102.32 million. During the same quarter in the prior year, the company earned $0.94 EPS. As a group, analysts expect that National Bank will post 3.03 earnings per share for the current year.

Insider Transactions at National Bank

In other National Bank news, EVP Christopher S. Randall sold 3,750 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $43.51, for a total value of $163,162.50. Following the transaction, the executive vice president now directly owns 14,365 shares in the company, valued at $625,021.15. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other National Bank news, EVP Christopher S. Randall sold 3,750 shares of National Bank stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $43.51, for a total value of $163,162.50. Following the completion of the transaction, the executive vice president now owns 14,365 shares in the company, valued at approximately $625,021.15. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Valerie D. Kramer sold 725 shares of the stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $40.17, for a total value of $29,123.25. Following the sale, the insider now owns 10,398 shares in the company, valued at $417,687.66. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 84,454 shares of company stock valued at $3,624,390. 3.10% of the stock is owned by insiders.

Hedge Funds Weigh In On National Bank

A number of institutional investors have recently modified their holdings of NBHC. Vanguard Group Inc. increased its holdings in shares of National Bank by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 4,220,345 shares of the financial services provider’s stock valued at $156,955,000 after purchasing an additional 25,349 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in National Bank by 9.4% in the second quarter. Dimensional Fund Advisors LP now owns 1,950,210 shares of the financial services provider’s stock valued at $76,152,000 after acquiring an additional 167,711 shares during the last quarter. Victory Capital Management Inc. increased its position in National Bank by 12,407.1% in the second quarter. Victory Capital Management Inc. now owns 1,824,912 shares of the financial services provider’s stock worth $71,263,000 after purchasing an additional 1,810,321 shares during the period. Westwood Holdings Group Inc. raised its holdings in National Bank by 2.1% during the 1st quarter. Westwood Holdings Group Inc. now owns 935,119 shares of the financial services provider’s stock worth $33,730,000 after purchasing an additional 19,016 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its position in National Bank by 194.7% during the 2nd quarter. Principal Financial Group Inc. now owns 577,793 shares of the financial services provider’s stock valued at $22,563,000 after purchasing an additional 381,754 shares during the period. 92.65% of the stock is owned by institutional investors.

About National Bank

National Bank Holdings Corporation operates as the bank holding company for NBH Bank that provides various banking products and financial services to commercial, business, and consumer clients in the United States. It offers deposit products, including checking, savings, money market, and other deposit accounts, including fixed-rate and fixed maturity time deposits.