National Bank (NYSE:NBHC) Rating Increased to Hold at StockNews.com

National Bank (NYSE:NBHC) was upgraded by stock analysts at StockNews.com from a “sell” rating to a “hold” rating in a research note issued on Wednesday.

Separately, Keefe, Bruyette & Woods lifted their price objective on National Bank from $47.00 to $52.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, National Bank presently has an average rating of “Hold” and a consensus price target of $51.40.

National Bank Stock Performance

Shares of NBHC stock traded up $0.17 during trading hours on Wednesday, reaching $39.89. 217,051 shares of the company traded hands, compared to its average volume of 197,575. National Bank has a 12-month low of $32.13 and a 12-month high of $51.76. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.95 and a quick ratio of 0.94. The company has a market cap of $1.52 billion, a P/E ratio of 12.91 and a beta of 0.86. The firm has a 50-day moving average price of $42.03 and a 200 day moving average price of $43.54.

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

Hedge Funds Weigh In On National Bank

Several hedge funds have recently bought and sold shares of NBHC. Principal Financial Group Inc. grew its position in National Bank by 36.1% in the 3rd quarter. Principal Financial Group Inc. now owns 786,096 shares of the financial services provider’s stock valued at $33,095,000 after acquiring an additional 208,303 shares during the last quarter. Boston Partners grew its position in shares of National Bank by 90.3% during the 4th quarter. Boston Partners now owns 403,255 shares of the financial services provider’s stock worth $17,366,000 after buying an additional 191,336 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of National Bank by 74.7% during the 4th quarter. JPMorgan Chase & Co. now owns 331,546 shares of the financial services provider’s stock worth $14,276,000 after buying an additional 141,716 shares in the last quarter. State Street Corp grew its position in shares of National Bank by 7.6% during the 3rd quarter. State Street Corp now owns 1,799,224 shares of the financial services provider’s stock worth $75,747,000 after buying an additional 126,796 shares in the last quarter. Finally, Tudor Investment Corp ET AL grew its position in shares of National Bank by 1,207.4% during the 4th quarter. Tudor Investment Corp ET AL now owns 70,076 shares of the financial services provider’s stock worth $3,017,000 after buying an additional 64,716 shares in the last quarter. Institutional investors own 92.65% of the company’s stock.

About National Bank

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.