National Bank (NYSE:NBHC) Upgraded at StockNews.com

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.

A number of other research analysts have also recently issued reports on the stock. Keefe, Bruyette & Woods increased 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. Hovde Group downgraded National Bank from an “outperform” rating to a “market perform” rating and set a $55.00 price objective for the company. in a research note on Monday, November 18th. 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, National Bank presently has a consensus rating of “Hold” and a consensus price target of $51.40.

National Bank Stock Up 0.0 %

National Bank stock opened at $41.78 on Thursday. The stock’s 50 day moving average price is $42.93 and its 200 day moving average price is $43.76. The company has a market cap of $1.59 billion, a PE 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. National Bank has a 1-year low of $32.13 and a 1-year high of $51.76.

National Bank (NYSE:NBHC) last posted 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%. On average, sell-side analysts predict that National Bank will post 3.31 EPS for the current fiscal year.

National Bank Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be given a dividend of $0.29 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.16 annualized dividend and a dividend yield of 2.78%. National Bank’s dividend payout ratio is currently 37.54%.

Institutional Investors Weigh In On National Bank

Large investors have recently bought and sold shares of the stock. Quarry LP raised its holdings in shares of National Bank by 503.1% in the fourth quarter. Quarry LP now owns 971 shares of the financial services provider’s stock worth $42,000 after acquiring an additional 810 shares during the last quarter. Sterling Capital Management LLC increased its position in National Bank by 815.5% during the 4th quarter. Sterling Capital Management LLC now owns 1,181 shares of the financial services provider’s stock worth $51,000 after purchasing an additional 1,052 shares in the last quarter. Assetmark Inc. acquired a new position in National Bank in the 3rd quarter valued at about $71,000. KBC Group NV lifted its holdings in National Bank by 82.5% in the 4th quarter. KBC Group NV now owns 2,389 shares of the financial services provider’s stock valued at $103,000 after purchasing an additional 1,080 shares in the last quarter. Finally, Aquatic Capital Management LLC acquired a new stake in shares of National Bank during the 4th quarter worth about $174,000. 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.