National Bank (NYSE:NBHC) Upgraded to “Hold” at StockNews.com

StockNews.com upgraded shares of National Bank (NYSE:NBHC) from a sell rating to a hold rating in a research note published on Thursday.

A number of other equities analysts have also recently commented on the stock. Keefe, Bruyette & Woods lifted their target price on shares of National Bank from $47.00 to $52.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. Hovde Group cut National Bank from an “outperform” rating to a “market perform” rating and set a $55.00 price target on the stock. in a research note on Monday, November 18th. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $51.40.

National Bank Stock Down 0.0 %

NBHC opened at $41.77 on Thursday. The company has a quick ratio of 0.94, a current ratio of 0.95 and a debt-to-equity ratio of 0.08. The business’s fifty day simple moving average is $42.98 and its 200 day simple moving average is $43.76. National Bank has a 52 week low of $32.13 and a 52 week high of $51.76. The stock has a market cap of $1.59 billion, a PE ratio of 13.52 and a beta of 0.85.

National Bank (NYSE:NBHC) last released its earnings results on Wednesday, January 22nd. The financial services provider reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.07. National Bank had a return on equity of 9.76% and a net margin of 19.82%. As a group, research analysts expect that National Bank will post 3.31 earnings per share for the current fiscal year.

National Bank Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be paid a $0.29 dividend. The ex-dividend date is Friday, February 28th. This represents a $1.16 annualized dividend and a dividend yield of 2.78%. National Bank’s payout ratio is presently 37.54%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of NBHC. Quarry LP increased its stake in shares of National Bank by 503.1% during the fourth quarter. Quarry LP now owns 971 shares of the financial services provider’s stock valued at $42,000 after buying an additional 810 shares during the period. Sterling Capital Management LLC boosted its holdings in National Bank by 815.5% in the fourth quarter. Sterling Capital Management LLC now owns 1,181 shares of the financial services provider’s stock valued at $51,000 after acquiring an additional 1,052 shares in the last quarter. Assetmark Inc. purchased a new position in National Bank during the 3rd quarter valued at $71,000. KBC Group NV raised its holdings in National Bank by 82.5% in the 4th quarter. KBC Group NV now owns 2,389 shares of the financial services provider’s stock worth $103,000 after purchasing an additional 1,080 shares in the last quarter. Finally, Aquatic Capital Management LLC purchased a new stake in shares of National Bank in the 4th quarter worth about $174,000. Institutional investors own 92.65% of the company’s stock.

National Bank Company Profile

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.