Hovde Group Issues Pessimistic Forecast for National Bank (NYSE:NBHC) Stock Price

National Bank (NYSE:NBHC - Get Free Report) had its target price cut by research analysts at Hovde Group from $48.00 to $43.00 in a note issued to investors on Wednesday, Marketbeat Ratings reports. The brokerage presently has a "market perform" rating on the financial services provider's stock. Hovde Group's target price would indicate a potential upside of 27.26% from the company's current price.

NBHC has been the topic of a number of other reports. StockNews.com upgraded shares of National Bank from a "sell" rating to a "hold" rating in a report on Wednesday, March 19th. Keefe, Bruyette & Woods lifted their price target on National Bank from $47.00 to $52.00 and gave the stock a "market perform" rating in a report on Wednesday, December 4th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $49.00.

National Bank Stock Down 1.3 %

NYSE:NBHC traded down $0.46 during midday trading on Wednesday, reaching $33.79. The company had a trading volume of 143,719 shares, compared to its average volume of 217,142. National Bank has a 12-month low of $30.29 and a 12-month high of $51.76. The firm has a market capitalization of $1.29 billion, a price-to-earnings ratio of 10.93 and a beta of 0.77. The company has a current ratio of 0.95, a quick ratio of 0.94 and a debt-to-equity ratio of 0.08. The stock's fifty day simple moving average is $40.86 and its 200-day simple moving average is $43.26.

Remove Ads

National Bank (NYSE:NBHC - Get Free Report) last announced its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $0.86 EPS 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%. On average, sell-side analysts anticipate that National Bank will post 3.31 earnings per share for the current fiscal year.

Institutional Trading of National Bank

Large investors have recently made changes to their positions in the company. Charles Schwab Investment Management Inc. lifted its stake in National Bank by 0.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 355,487 shares of the financial services provider's stock valued at $14,966,000 after buying an additional 2,209 shares during the last quarter. FMR LLC boosted its stake in National Bank by 359.7% during the 3rd quarter. FMR LLC now owns 7,627 shares of the financial services provider's stock worth $321,000 after purchasing an additional 5,968 shares during the period. BNP Paribas Financial Markets boosted its stake in National Bank by 130.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 17,146 shares of the financial services provider's stock worth $722,000 after purchasing an additional 9,705 shares during the period. Systematic Financial Management LP purchased a new position in National Bank during the 3rd quarter worth $756,000. Finally, State Street Corp increased its stake in National Bank by 7.6% in the third quarter. State Street Corp now owns 1,799,224 shares of the financial services provider's stock valued at $75,747,000 after purchasing an additional 126,796 shares during the period. 92.65% of the stock is owned by institutional investors and hedge funds.

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.