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

National Bank (NYSE:NBHC - Get Free Report) was upgraded by research analysts at StockNews.com from a "sell" rating to a "hold" rating in a note issued to investors on Wednesday.

Separately, Keefe, Bruyette & Woods upped their price objective on National Bank from $47.00 to $52.00 and gave the stock a "market perform" rating in a report on Wednesday, December 4th. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $51.40.

National Bank Price Performance

NYSE NBHC traded down $0.44 on Wednesday, reaching $38.87. The company had a trading volume of 1,170,982 shares, compared to its average volume of 199,900. The stock has a market capitalization of $1.48 billion, a PE ratio of 12.58 and a beta of 0.86. National Bank has a 12 month low of $32.13 and a 12 month high of $51.76. 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 firm's 50 day moving average price is $41.90 and its 200 day moving average price is $43.48.

National Bank (NYSE:NBHC - Get Free Report) last issued its earnings results on Wednesday, January 22nd. The financial services provider reported $0.86 earnings per share (EPS) 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%. As a group, equities analysts predict that National Bank will post 3.31 earnings per share for the current year.

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Hedge Funds Weigh In On National Bank

Several large investors have recently modified their holdings of NBHC. Bank of Montreal Can boosted its stake in National Bank by 6.8% during 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 during the period. Swiss National Bank lifted its holdings in shares of National Bank by 0.9% in 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 last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of National Bank by 3.5% during 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 during the period. Quarry LP grew its holdings in National Bank by 503.1% during 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 last quarter. Finally, Sterling Capital Management LLC raised its position in National Bank by 815.5% in the 4th quarter. Sterling Capital Management LLC now owns 1,181 shares of the financial services provider's stock worth $51,000 after purchasing an additional 1,052 shares during the period. 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.