National Bank (NYSE:NBHC) Stock Rating Upgraded by StockNews.com

National Bank (NYSE:NBHC) was upgraded by equities researchers at StockNews.com from a “sell” rating to a “hold” rating in a research note issued to investors on Thursday.

Several other analysts have also commented on NBHC. Hovde Group lowered 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 report on Monday, November 18th. Keefe, Bruyette & Woods lifted their target price on shares of National Bank from $47.00 to $52.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $51.40.

National Bank Trading Up 0.0 %

NBHC opened at $41.78 on Thursday. The firm has a market capitalization of $1.59 billion, a price-to-earnings ratio of 13.52 and a beta of 0.85. 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 company’s 50 day simple moving average is $42.96 and its two-hundred day simple moving average is $43.75. National Bank has a 1-year low of $32.13 and a 1-year high of $51.76.

National Bank (NYSE:NBHC) last released its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $0.86 EPS for the quarter, beating the consensus estimate of $0.79 by $0.07. National Bank had a net margin of 19.82% and a return on equity of 9.76%. Analysts expect that National Bank will post 3.31 EPS for the current fiscal year.

Hedge Funds Weigh In On National Bank

Several institutional investors have recently added to or reduced their stakes in NBHC. Quarry LP lifted its position in 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 buying an additional 810 shares during the period. Sterling Capital Management LLC lifted 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. Assetmark Inc. purchased a new position in National Bank during the third quarter worth about $71,000. KBC Group NV lifted its position in National Bank by 82.5% during the fourth quarter. KBC Group NV now owns 2,389 shares of the financial services provider’s stock worth $103,000 after buying an additional 1,080 shares during the period. Finally, Aquatic Capital Management LLC purchased a new position in National Bank during the fourth quarter worth about $174,000. 92.65% of the stock is currently owned by institutional investors and hedge funds.

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.