National Bank (NYSE:NBHC - Get Free Report) was upgraded by stock analysts at StockNews.com from a "sell" rating to a "hold" rating in a note issued to investors on Friday.
Separately, Hovde Group dropped their price target on shares of National Bank from $48.00 to $43.00 and set a "market perform" rating on the stock in a research report on Wednesday, April 2nd. 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 currently has an average rating of "Hold" and a consensus target price of $49.00.
Read Our Latest Analysis on National Bank
National Bank Stock Up 1.9 %
NYSE NBHC traded up $0.67 on Friday, hitting $35.24. The stock had a trading volume of 44,869 shares, compared to its average volume of 222,457. National Bank has a 52-week low of $32.13 and a 52-week high of $51.76. The stock has a market cap of $1.34 billion, a price-to-earnings ratio of 11.40 and a beta of 0.77. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.95 and a quick ratio of 0.94. The business's fifty day moving average price is $39.51 and its 200 day moving average price is $42.83.
National Bank (NYSE:NBHC - Get Free Report) last posted its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $0.86 earnings per share for the quarter, beating 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%. Equities research analysts anticipate that National Bank will post 3.31 earnings per share for the current year.
Institutional Trading of National Bank
Several institutional investors and hedge funds have recently bought and sold shares of NBHC. Quarry LP increased its position in shares of National Bank by 503.1% during the fourth quarter. Quarry LP now owns 971 shares of the financial services provider's stock worth $42,000 after acquiring an additional 810 shares during the period. Sterling Capital Management LLC increased 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 during the period. KBC Group NV boosted its stake in National Bank by 82.5% during the 4th quarter. KBC Group NV now owns 2,389 shares of the financial services provider's stock worth $103,000 after purchasing an additional 1,080 shares during the period. Aquatic Capital Management LLC acquired a new position in National Bank in the 4th quarter valued at about $174,000. Finally, Handelsbanken Fonder AB purchased a new stake in shares of National Bank during the fourth quarter worth approximately $224,000. 92.65% of the stock is currently owned by hedge funds and other institutional investors.
About National Bank
(
Get Free Report)
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.
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