National Bank (NYSE:NBHC) Rating Increased to Hold at StockNews.com

StockNews.com upgraded shares of National Bank (NYSE:NBHC - Free Report) from a sell rating to a hold rating in a research report sent to investors on Thursday morning.

Other equities analysts have also issued reports about the company. Keefe, Bruyette & Woods upped their target price on National Bank from $47.00 to $52.00 and gave the company a "market perform" rating in a report on Wednesday, December 4th. Hovde Group cut shares of 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 analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, National Bank presently has a consensus rating of "Hold" and an average target price of $51.40.

National Bank Trading Down 1.1 %

Shares of NBHC traded down $0.47 during mid-day trading on Thursday, reaching $41.40. 309,652 shares of the company were exchanged, compared to its average volume of 177,959. The business has a 50 day simple moving average of $42.93 and a two-hundred day simple moving average of $43.81. National Bank has a 52 week low of $32.13 and a 52 week high of $51.76. The stock has a market capitalization of $1.57 billion, a PE ratio of 13.40 and a beta of 0.85. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.94 and a current ratio of 0.95.

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National Bank (NYSE:NBHC - Get Free Report) last released its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.79 by $0.07. National Bank had a net margin of 19.82% and a return on equity of 9.76%. On average, analysts predict that National Bank will post 3.31 earnings per share for the current fiscal year.

National Bank Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be issued a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 2.80%. The ex-dividend date of this dividend is Friday, February 28th. National Bank's dividend payout ratio (DPR) is 37.54%.

Institutional Investors Weigh In On National Bank

Several institutional investors have recently modified their holdings of NBHC. Leeward Investments LLC MA lifted its position in shares of National Bank by 64.2% during the 3rd quarter. Leeward Investments LLC MA now owns 374,638 shares of the financial services provider's stock valued at $15,772,000 after buying an additional 146,494 shares in the last quarter. Principal Financial Group Inc. increased its holdings in shares of National Bank by 36.1% in the third quarter. Principal Financial Group Inc. now owns 786,096 shares of the financial services provider's stock worth $33,095,000 after purchasing an additional 208,303 shares during the last quarter. Assetmark Inc. purchased a new position in National Bank during the 3rd quarter valued at approximately $71,000. Atria Investments Inc bought a new stake in National Bank in the third quarter worth $202,000. Finally, Victory Capital Management Inc. lifted its position in National Bank by 56.0% during the third quarter. Victory Capital Management Inc. now owns 2,846,741 shares of the financial services provider's stock valued at $119,848,000 after purchasing an additional 1,021,829 shares during the last quarter. 92.65% of the stock is owned by hedge funds and other 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.