National Bank (NYSE:NBHC) Upgraded by StockNews.com to “Hold” Rating

StockNews.com upgraded shares of National Bank (NYSE:NBHC) from a sell rating to a hold rating in a research report sent to investors on Thursday morning.

A number of other equities research analysts have also recently commented on the stock. Keefe, Bruyette & Woods lifted their price target on shares of National Bank from $47.00 to $52.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. Hovde Group lowered National Bank from an “outperform” rating to a “market perform” rating and set a $55.00 target price on the stock. in a research note on Monday, November 18th. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $51.40.

National Bank Stock Performance

NBHC stock opened at $41.77 on Thursday. The business has a 50 day moving average of $42.98 and a 200-day moving average of $43.76. The firm has a market cap of $1.59 billion, a PE ratio of 13.52 and a beta of 0.85. National Bank has a 12-month low of $32.13 and a 12-month high of $51.76. The company has a quick ratio of 0.94, a current ratio of 0.95 and a debt-to-equity ratio of 0.08.

National Bank (NYSE:NBHC) last issued its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.07. National Bank had a net margin of 19.82% and a return on equity of 9.76%. As a group, sell-side analysts expect that National Bank will post 3.31 earnings per share for the current year.

National Bank Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.78%. The ex-dividend date is Friday, February 28th. National Bank’s payout ratio is 37.54%.

Hedge Funds Weigh In On National Bank

Hedge funds have recently bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in National Bank by 3.8% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 84,741 shares of the financial services provider’s stock valued at $3,649,000 after purchasing an additional 3,085 shares during the period. iSAM Funds UK Ltd purchased a new stake in shares of National Bank in the fourth quarter worth $246,000. ProShare Advisors LLC boosted its stake in National Bank by 44.3% during the fourth quarter. ProShare Advisors LLC now owns 11,142 shares of the financial services provider’s stock valued at $480,000 after buying an additional 3,422 shares during the period. Man Group plc grew its position in National Bank by 22.1% during the fourth quarter. Man Group plc now owns 20,752 shares of the financial services provider’s stock worth $894,000 after buying an additional 3,751 shares in the last quarter. Finally, Millennium Management LLC increased its stake in National Bank by 45.2% in the 4th quarter. Millennium Management LLC now owns 9,243 shares of the financial services provider’s stock worth $398,000 after acquiring an additional 2,876 shares during the last quarter. Hedge funds and other institutional investors own 92.65% of the company’s stock.

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.