National Bank (NYSE:NBHC) Upgraded to Hold at Wall Street Zen

Wall Street Zen upgraded shares of National Bank (NYSE:NBHC) from a sell rating to a hold rating in a report published on Saturday morning.

Other equities research analysts also recently issued research reports about the company. Piper Sandler lifted their target price on National Bank from $48.00 to $52.00 and gave the stock an “overweight” rating in a report on Monday, April 27th. DA Davidson reaffirmed a “buy” rating and set a $46.00 target price on shares of National Bank in a report on Wednesday, April 22nd. Finally, Weiss Ratings raised National Bank from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, March 30th. Five research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $46.20.

National Bank Trading Up 0.1%

National Bank stock opened at $42.84 on Friday. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.12. National Bank has a 52 week low of $35.06 and a 52 week high of $43.86. The company has a market capitalization of $1.93 billion, a price-to-earnings ratio of 15.98 and a beta of 0.80. The stock has a 50-day moving average price of $40.52 and a 200 day moving average price of $39.50.

National Bank (NYSE:NBHC) last released its earnings results on Tuesday, April 21st. The financial services provider reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.07. National Bank had a return on equity of 8.72% and a net margin of 17.14%.The firm had revenue of $126.78 million during the quarter, compared to the consensus estimate of $129.30 million. During the same quarter in the previous year, the company posted $0.63 earnings per share. The company’s revenue was up 37.8% compared to the same quarter last year. Sell-side analysts anticipate that National Bank will post 3.51 EPS for the current year.

National Bank Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 29th will be given a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 3.0%. The ex-dividend date is Friday, May 29th. National Bank’s dividend payout ratio is currently 47.76%.

Insider Buying and Selling

In related news, insider John Steinmetz acquired 24,200 shares of the stock in a transaction on Wednesday, February 11th. The shares were acquired at an average price of $41.41 per share, for a total transaction of $1,002,122.00. Following the transaction, the insider owned 536,504 shares in the company, valued at approximately $22,216,630.64. This trade represents a 4.72% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 6.80% of the company’s stock.

Institutional Investors Weigh In On National Bank

Several hedge funds have recently bought and sold shares of NBHC. Aster Capital Management DIFC Ltd increased its position in shares of National Bank by 650.9% in the third quarter. Aster Capital Management DIFC Ltd now owns 796 shares of the financial services provider’s stock valued at $31,000 after buying an additional 690 shares in the last quarter. Meeder Asset Management Inc. purchased a new stake in shares of National Bank in the fourth quarter valued at approximately $48,000. Global Retirement Partners LLC purchased a new stake in shares of National Bank in the fourth quarter valued at approximately $66,000. 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 valued at $70,000 after buying an additional 613 shares in the last quarter. Finally, State of Wyoming purchased a new stake in shares of National Bank in the fourth quarter valued at approximately $69,000. Hedge funds and other institutional investors own 92.65% of the company’s stock.

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.