Keefe, Bruyette & Woods Reiterates “Market Perform” Rating for National Bank (NYSE:NBHC)

National Bank (NYSE:NBHC)‘s stock had its “market perform” rating reissued by investment analysts at Keefe, Bruyette & Woods in a research note issued to investors on Friday, Benzinga reports. They currently have a $39.00 price objective on the financial services provider’s stock, down from their prior price objective of $40.00. Keefe, Bruyette & Woods’ price objective suggests a potential upside of 17.51% from the stock’s current price.

Other research analysts also recently issued reports about the company. TheStreet downgraded National Bank from a “b” rating to a “c+” rating in a report on Monday, March 18th. Piper Sandler boosted their price target on National Bank from $40.00 to $41.00 and gave the company an “overweight” rating in a report on Thursday, January 25th. Finally, StockNews.com raised National Bank from a “sell” rating to a “hold” rating in a report on Saturday, April 20th. Three investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, National Bank has a consensus rating of “Hold” and an average price target of $38.00.

National Bank Stock Down 1.4 %

NYSE NBHC traded down $0.46 during trading on Friday, hitting $33.19. The company’s stock had a trading volume of 8,913 shares, compared to its average volume of 164,511. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.95 and a quick ratio of 0.95. The company has a market cap of $1.25 billion, a PE ratio of 9.64 and a beta of 0.84. The business’s 50 day simple moving average is $34.16 and its 200-day simple moving average is $34.07. National Bank has a fifty-two week low of $26.48 and a fifty-two week high of $38.71.

National Bank (NYSE:NBHC) last issued its quarterly earnings results on Wednesday, April 24th. The financial services provider reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.03. The business had revenue of $149.43 million during the quarter, compared to the consensus estimate of $101.98 million. National Bank had a return on equity of 11.34% and a net margin of 22.94%. During the same quarter last year, the company earned $1.06 earnings per share. On average, equities analysts anticipate that National Bank will post 3.33 EPS for the current fiscal year.

Hedge Funds Weigh In On National Bank

A number of hedge funds and other institutional investors have recently bought and sold shares of NBHC. SG Americas Securities LLC raised its position in shares of National Bank by 150.0% during the 3rd quarter. SG Americas Securities LLC now owns 25,089 shares of the financial services provider’s stock worth $747,000 after acquiring an additional 15,054 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of National Bank by 45.5% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,857 shares of the financial services provider’s stock valued at $204,000 after buying an additional 2,145 shares in the last quarter. Teacher Retirement System of Texas purchased a new stake in shares of National Bank in the third quarter valued at approximately $275,000. Victory Capital Management Inc. boosted its stake in shares of National Bank by 29.0% in the third quarter. Victory Capital Management Inc. now owns 18,533 shares of the financial services provider’s stock valued at $552,000 after buying an additional 4,162 shares in the last quarter. Finally, Assenagon Asset Management S.A. boosted its stake in shares of National Bank by 353.3% in the third quarter. Assenagon Asset Management S.A. now owns 201,893 shares of the financial services provider’s stock valued at $6,008,000 after buying an additional 157,359 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 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.