National Bank (NYSE:NBHC) Price Target Lowered to $43.00 at Hovde Group

National Bank (NYSE:NBHC) had its target price cut by research analysts at Hovde Group from $48.00 to $43.00 in a report released on Wednesday,Benzinga reports. The firm presently has a “market perform” rating on the financial services provider’s stock. Hovde Group’s price target points to a potential upside of 12.54% from the stock’s previous close.

A number of other research analysts also recently weighed in on the stock. Keefe, Bruyette & Woods increased their target price on shares of National Bank from $47.00 to $52.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. StockNews.com raised National Bank from a “sell” rating to a “hold” rating in a report on Wednesday, March 19th. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $49.00.

National Bank Stock Down 0.2 %

NBHC opened at $38.21 on Wednesday. National Bank has a fifty-two week low of $32.13 and a fifty-two week high of $51.76. The firm has a market capitalization of $1.45 billion, a P/E ratio of 12.34 and a beta of 0.86. The company’s 50-day moving average is $41.26 and its 200 day moving average is $43.38. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.95 and a quick ratio of 0.94.

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

Institutional Trading of National Bank

A number of institutional investors have recently added to or reduced their stakes in the stock. Bank of Montreal Can lifted its holdings in shares of National Bank by 6.8% in the fourth quarter. Bank of Montreal Can now owns 7,098 shares of the financial services provider’s stock worth $306,000 after buying an additional 455 shares in the last quarter. Swiss National Bank increased its holdings in National Bank by 0.9% during the 4th quarter. Swiss National Bank now owns 74,500 shares of the financial services provider’s stock worth $3,208,000 after acquiring an additional 700 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in National Bank by 3.5% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,987 shares of the financial services provider’s stock worth $904,000 after purchasing an additional 715 shares in the last quarter. Quarry LP boosted its holdings in National Bank by 503.1% in the 4th quarter. Quarry LP now owns 971 shares of the financial services provider’s stock valued at $42,000 after purchasing an additional 810 shares during the period. Finally, Sterling Capital Management LLC grew its position in National Bank by 815.5% during the fourth quarter. Sterling Capital Management LLC now owns 1,181 shares of the financial services provider’s stock worth $51,000 after buying an additional 1,052 shares in the last quarter. Hedge funds and other institutional investors own 92.65% of the company’s stock.

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.