National Bank (NYSE:NBHC) Stock Rating Lowered by Hovde Group

Hovde Group lowered shares of National Bank (NYSE:NBHC - Free Report) from an outperform rating to a market perform rating in a research report sent to investors on Monday morning, Marketbeat.com reports. Hovde Group currently has $55.00 price objective on the financial services provider's stock.

Other equities research analysts have also issued reports about the company. Stephens raised their price target on National Bank from $46.00 to $49.00 and gave the stock an "equal weight" rating in a research note on Thursday, October 24th. Keefe, Bruyette & Woods upped their price target on shares of National Bank from $39.00 to $45.00 and gave the company a "market perform" rating in a research note on Monday, July 29th. DA Davidson upped their target price on National Bank from $51.00 to $53.00 and gave the company a "buy" rating in a research report on Thursday, October 24th. StockNews.com lowered National Bank from a "hold" rating to a "sell" rating in a research report on Wednesday, July 24th. Finally, Piper Sandler raised their price objective on shares of National Bank from $44.00 to $48.00 and gave the stock a "neutral" rating in a research note on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat.com, National Bank currently has an average rating of "Hold" and an average price target of $50.00.

National Bank Stock Performance

Shares of NYSE NBHC traded down $0.78 during trading on Monday, reaching $47.80. 174,663 shares of the company traded hands, compared to its average volume of 202,938. The firm has a 50 day simple moving average of $43.59 and a 200-day simple moving average of $40.76. The stock has a market capitalization of $1.81 billion, a PE ratio of 15.04 and a beta of 0.84. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.04. National Bank has a 52-week low of $32.13 and a 52-week high of $51.76.

National Bank (NYSE:NBHC - Get Free Report) last released its quarterly earnings data on Tuesday, October 22nd. The financial services provider reported $0.86 earnings per share for the quarter, topping analysts' consensus estimates of $0.76 by $0.10. National Bank had a return on equity of 9.93% and a net margin of 20.52%. The firm had revenue of $156.39 million during the quarter, compared to analyst estimates of $102.32 million. During the same quarter in the prior year, the company posted $0.94 earnings per share. Equities research analysts anticipate that National Bank will post 3.18 earnings per share for the current year.

National Bank Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be paid a $0.29 dividend. This is a boost from National Bank's previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.16 annualized dividend and a dividend yield of 2.43%. National Bank's dividend payout ratio is 34.67%.

Insider Transactions at National Bank

In other National Bank news, Director Art Zeile sold 3,875 shares of the stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $41.27, for a total transaction of $159,921.25. Following the completion of the sale, the director now directly owns 16,202 shares of the company's stock, valued at approximately $668,656.54. This trade represents a 19.30 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Valerie D. Kramer sold 1,275 shares of the company's stock in a transaction on Friday, November 8th. The stock was sold at an average price of $49.62, for a total transaction of $63,265.50. Following the transaction, the insider now directly owns 10,652 shares in the company, valued at approximately $528,552.24. This trade represents a 10.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 55,397 shares of company stock worth $2,540,877 in the last 90 days. Insiders own 3.10% of the company's stock.

Institutional Investors Weigh In On National Bank

A number of large investors have recently added to or reduced their stakes in the company. Boston Partners boosted its holdings in shares of National Bank by 743.6% in the first quarter. Boston Partners now owns 200,094 shares of the financial services provider's stock valued at $7,211,000 after acquiring an additional 176,375 shares in the last quarter. Westwood Holdings Group Inc. boosted its position in National Bank by 2.1% during the first 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 period. Dimensional Fund Advisors LP grew its position in shares of 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 purchasing an additional 167,711 shares during the last quarter. Natixis Advisors LLC increased its position in National Bank by 99.2% during the second quarter. Natixis Advisors LLC now owns 29,816 shares of the financial services provider's stock worth $1,164,000 after acquiring an additional 14,850 shares during the period. Finally, Victory Capital Management Inc. grew its position in National Bank by 12,407.1% during 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 buying an additional 1,810,321 shares in the last quarter. 92.65% of the stock is owned by institutional investors and hedge funds.

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.