National Bank (NYSE:NBHC) Earns Buy Rating from DA Davidson

National Bank (NYSE:NBHC)‘s stock had its “buy” rating reaffirmed by equities research analysts at DA Davidson in a research note issued to investors on Thursday,Benzinga reports. They currently have a $48.00 price target on the financial services provider’s stock. DA Davidson’s target price would indicate a potential upside of 12.76% from the company’s previous close.

Other equities analysts also recently issued research reports about the stock. Zacks Research raised shares of National Bank from a “strong sell” rating to a “hold” rating in a research note on Monday, December 22nd. Wall Street Zen downgraded National Bank from a “hold” rating to a “sell” rating in a report on Saturday, January 31st. Weiss Ratings restated a “hold (c)” rating on shares of National Bank in a report on Thursday, January 22nd. Finally, Stephens upgraded National Bank from an “equal weight” rating to an “overweight” rating and set a $42.00 target price for the company in a research note on Monday, November 10th. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, National Bank presently has an average rating of “Moderate Buy” and an average price target of $45.25.

National Bank Stock Up 1.8%

Shares of NYSE:NBHC opened at $42.57 on Thursday. The company has a quick ratio of 0.93, a current ratio of 0.94 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $1.61 billion, a P/E ratio of 14.94 and a beta of 0.81. National Bank has a 52-week low of $32.83 and a 52-week high of $43.08. The stock’s fifty day simple moving average is $40.30 and its 200-day simple moving average is $38.70.

National Bank (NYSE:NBHC) last announced its earnings results on Tuesday, January 27th. The financial services provider reported $0.60 earnings per share for the quarter, missing the consensus estimate of $0.87 by ($0.27). The firm had revenue of $100.64 million during the quarter, compared to analyst estimates of $107.48 million. National Bank had a net margin of 18.66% and a return on equity of 8.65%. During the same period in the previous year, the firm posted $0.86 EPS. As a group, equities research analysts forecast that National Bank will post 3.31 earnings per share for the current fiscal year.

Insider Buying and Selling at National Bank

In other news, insider John Steinmetz bought 24,200 shares of National Bank stock in a transaction that occurred on Wednesday, February 11th. The shares were purchased at an average price of $41.41 per share, for a total transaction of $1,002,122.00. Following the completion of the acquisition, the insider owned 536,504 shares of the company’s stock, valued at $22,216,630.64. The trade was a 4.72% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.90% of the company’s stock.

Hedge Funds Weigh In On National Bank

Large investors have recently modified their holdings of the company. Aster Capital Management DIFC Ltd grew its holdings in shares of National Bank by 650.9% during the 3rd quarter. Aster Capital Management DIFC Ltd now owns 796 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 690 shares during the period. Meeder Asset Management Inc. acquired a new position in National Bank during the fourth quarter valued at approximately $48,000. Global Retirement Partners LLC acquired a new position in National Bank during the fourth quarter valued at approximately $66,000. State of Wyoming purchased a new stake in National Bank during the fourth quarter worth approximately $69,000. Finally, Quarry LP increased its position in shares of National Bank by 50.8% in the third quarter. Quarry LP now owns 1,819 shares of the financial services provider’s stock worth $70,000 after acquiring an additional 613 shares in the last quarter. 92.65% of the stock is currently owned by hedge funds and other institutional investors.

National Bank Company Profile

National Bank Holdings Corporation (NYSE: NBHC) is a diversified financial services holding company headquartered in Cape Girardeau, Missouri. Through its network of community bank subsidiaries, the company provides deposit, lending and payment solutions to consumer, small business and commercial clients across multiple U.S. markets.

Since its founding in 1992, National Bank Holdings has pursued a growth strategy focused on acquiring and integrating locally branded community banks. Its footprint spans the Midwest and Southern United States, including Missouri, Kansas, Oklahoma, Texas, Colorado, Illinois and Tennessee.