National Bank (NYSE:NBHC) Rating Reiterated by Keefe, Bruyette & Woods

Keefe, Bruyette & Woods reiterated their market perform rating on shares of National Bank (NYSE:NBHC) in a research report sent to investors on Friday morning, Benzinga reports. They currently have a $39.00 price objective on the financial services provider’s stock, down from their previous price objective of $40.00.

NBHC has been the subject of several other research reports. StockNews.com raised shares of National Bank from a sell rating to a hold rating in a research report on Saturday, April 20th. Piper Sandler increased their price objective on shares of National Bank from $40.00 to $41.00 and gave the stock an overweight rating in a research report on Thursday, January 25th. Finally, TheStreet lowered shares of National Bank from a b rating to a c+ rating in a research report on Monday, March 18th. One analyst has rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, National Bank has an average rating of Hold and an average target price of $38.00.

National Bank Stock Down 0.4 %

Shares of NYSE:NBHC opened at $33.50 on Friday. The company has a market cap of $1.27 billion, a price-to-earnings ratio of 9.63 and a beta of 0.84. National Bank has a fifty-two week low of $26.48 and a fifty-two week high of $38.71. The firm’s 50-day simple moving average is $34.14 and its 200-day simple moving average is $34.14. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.04.

National Bank (NYSE:NBHC) last issued its quarterly earnings results on Wednesday, April 24th. The financial services provider reported $0.82 EPS for the quarter, topping the consensus estimate of $0.79 by $0.03. National Bank had a net margin of 22.94% and a return on equity of 11.20%. The firm had revenue of $149.43 million during the quarter, compared to analyst estimates of $101.98 million. During the same quarter in the prior year, the business posted $1.06 earnings per share. As a group, equities research analysts predict that National Bank will post 3.33 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Assenagon Asset Management S.A. boosted its stake in shares of National Bank by 4.3% in the first quarter. Assenagon Asset Management S.A. now owns 167,618 shares of the financial services provider’s stock valued at $6,046,000 after purchasing an additional 6,950 shares during the period. Range Financial Group LLC boosted its stake in shares of National Bank by 18.8% in the first quarter. Range Financial Group LLC now owns 34,133 shares of the financial services provider’s stock valued at $1,231,000 after purchasing an additional 5,400 shares during the period. Vanguard Group Inc. boosted its stake in shares of National Bank by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 4,220,345 shares of the financial services provider’s stock valued at $156,955,000 after purchasing an additional 25,349 shares during the period. Wellington Management Group LLP boosted its stake in shares of National Bank by 6.5% in the fourth quarter. Wellington Management Group LLP now owns 3,904,987 shares of the financial services provider’s stock valued at $145,226,000 after purchasing an additional 239,401 shares during the period. Finally, Keeley Teton Advisors LLC boosted its stake in shares of National Bank by 17.5% in the fourth quarter. Keeley Teton Advisors LLC now owns 42,617 shares of the financial services provider’s stock valued at $1,585,000 after purchasing an additional 6,359 shares during the period. 92.65% of the stock is currently 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.