National Bank (NYSE:NBHC) Given New $52.00 Price Target at Keefe, Bruyette & Woods

National Bank (NYSE:NBHC) had its target price increased by stock analysts at Keefe, Bruyette & Woods from $47.00 to $52.00 in a research note issued on Wednesday,Benzinga reports. The firm currently has a “market perform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ target price would indicate a potential upside of 10.47% from the stock’s previous close.

Other equities analysts have also recently issued research reports about the company. Stephens lifted their price objective on National Bank from $46.00 to $49.00 and gave the company an “equal weight” rating in a research note on Thursday, October 24th. DA Davidson lifted their price objective on National Bank from $51.00 to $53.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Hovde Group cut National Bank from an “outperform” rating to a “market perform” rating and set a $55.00 target price for the company. in a research note on Monday, November 18th. Finally, Piper Sandler boosted their target price on National Bank from $44.00 to $48.00 and gave the stock a “neutral” rating in a research note on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $51.40.

National Bank Stock Down 0.1 %

Shares of NYSE:NBHC traded down $0.04 during trading on Wednesday, hitting $47.07. The company’s stock had a trading volume of 17,967 shares, compared to its average volume of 202,198. National Bank has a fifty-two week low of $32.13 and a fifty-two week high of $51.76. The business has a 50 day moving average price of $45.13 and a two-hundred day moving average price of $41.83. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.92 and a current ratio of 0.92. The company has a market capitalization of $1.79 billion, a PE ratio of 14.59 and a beta of 0.84.

National Bank (NYSE:NBHC) last posted its quarterly earnings results on Tuesday, October 22nd. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.76 by $0.10. The company had revenue of $156.39 million for the quarter, compared to analyst estimates of $102.32 million. National Bank had a return on equity of 9.93% and a net margin of 20.52%. During the same quarter last year, the company earned $0.94 EPS. As a group, research analysts expect that National Bank will post 3.18 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Valerie D. Kramer sold 1,275 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $49.62, for a total value of $63,265.50. Following the transaction, the insider now owns 10,652 shares of the company’s stock, valued at approximately $528,552.24. The trade was a 10.69 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Richard U. Jr. Newfield sold 19,259 shares of the business’s stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $49.81, for a total value of $959,290.79. Following the completion of the transaction, the insider now directly owns 143,210 shares in the company, valued at approximately $7,133,290.10. The trade was a 11.85 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 21,431 shares of company stock valued at $1,067,505 over the last quarter. Company insiders own 3.30% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Louisiana State Employees Retirement System increased its holdings in shares of National Bank by 1.6% in the second quarter. Louisiana State Employees Retirement System now owns 19,000 shares of the financial services provider’s stock valued at $742,000 after purchasing an additional 300 shares during the period. Rhumbline Advisers boosted its stake in shares of National Bank by 0.4% in the second quarter. Rhumbline Advisers now owns 126,304 shares of the financial services provider’s stock valued at $4,932,000 after buying an additional 492 shares in the last quarter. Innealta Capital LLC purchased a new stake in shares of National Bank in the second quarter valued at approximately $41,000. Meeder Asset Management Inc. purchased a new stake in shares of National Bank in the second quarter valued at approximately $52,000. Finally, Assetmark Inc. purchased a new stake in shares of National Bank in the third quarter valued at approximately $71,000. Institutional investors and hedge funds 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.