National Bank (NYSE:NBHC) Raised to Overweight at Stephens

National Bank (NYSE:NBHC) was upgraded by equities research analysts at Stephens from an “equal weight” rating to an “overweight” rating in a research report issued on Monday, MarketBeat Ratings reports. The firm presently has a $42.00 price objective on the financial services provider’s stock. Stephens’ target price points to a potential upside of 14.07% from the company’s current price.

Several other research firms also recently weighed in on NBHC. Weiss Ratings reiterated a “hold (c)” rating on shares of National Bank in a research report on Wednesday, October 8th. DA Davidson lifted their price objective on National Bank from $42.00 to $45.00 and gave the company a “buy” rating in a research report on Thursday, July 24th. Zacks Research upgraded National Bank from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 1st. Wall Street Zen upgraded shares of National Bank from a “strong sell” rating to a “hold” rating in a research report on Saturday, July 26th. Finally, Hovde Group upgraded shares of National Bank from a “market perform” rating to an “outperform” rating and set a $46.00 price objective on the stock in a research report on Thursday, September 18th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, National Bank has an average rating of “Moderate Buy” and a consensus price target of $44.50.

National Bank Stock Performance

Shares of National Bank stock traded up $0.48 during trading hours on Monday, reaching $36.82. 45,873 shares of the stock traded hands, compared to its average volume of 276,734. The company has a 50 day moving average price of $37.95 and a 200 day moving average price of $37.77. National Bank has a one year low of $32.83 and a one year high of $51.51. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $1.39 billion, a price-to-earnings ratio of 11.65 and a beta of 0.80.

National Bank (NYSE:NBHC) last announced its earnings results on Thursday, August 14th. The financial services provider reported $0.63 EPS for the quarter. The business had revenue of $102.07 million during the quarter. National Bank had a net margin of 20.50% and a return on equity of 9.56%. On average, equities research analysts expect that National Bank will post 3.31 earnings per share for the current fiscal year.

Institutional Trading of National Bank

Several hedge funds have recently modified their holdings of NBHC. Assenagon Asset Management S.A. purchased a new position in shares of National Bank during the third quarter valued at approximately $25,869,000. Nuveen LLC purchased a new stake in National Bank in the first quarter worth $21,123,000. Deprince Race & Zollo Inc. bought a new stake in shares of National Bank during the third quarter worth $14,240,000. Westwood Holdings Group Inc. boosted its stake in shares of National Bank by 30.1% during the first quarter. Westwood Holdings Group Inc. now owns 1,450,227 shares of the financial services provider’s stock valued at $55,500,000 after purchasing an additional 335,741 shares during the period. Finally, Millennium Management LLC increased its stake in National Bank by 2,057.9% in the 1st quarter. Millennium Management LLC now owns 199,453 shares of the financial services provider’s stock worth $7,633,000 after buying an additional 190,210 shares during the period. 92.65% of the stock is owned by hedge funds and other institutional investors.

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.