National Bank (NYSE:NBHC) Given New $43.00 Price Target at Hovde Group

National Bank (NYSE:NBHC) had its price target trimmed by Hovde Group from $48.00 to $43.00 in a report published on Wednesday,Benzinga reports. The brokerage currently has a market perform rating on the financial services provider’s stock.

NBHC has been the topic of several other research reports. StockNews.com raised shares of National Bank from a “sell” rating to a “hold” rating in a research note on Wednesday, March 19th. Keefe, Bruyette & Woods increased their price objective on shares of National Bank from $47.00 to $52.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $49.00.

National Bank Stock Performance

National Bank stock opened at $38.81 on Wednesday. The company’s 50-day moving average price is $41.16 and its 200-day moving average price is $43.34. The company has a quick ratio of 0.94, a current ratio of 0.95 and a debt-to-equity ratio of 0.08. The company has a market cap of $1.48 billion, a PE ratio of 12.56 and a beta of 0.86. National Bank has a twelve month low of $32.13 and a twelve month high of $51.76.

National Bank (NYSE:NBHC) last issued its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $0.86 earnings per share (EPS) 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%. On average, equities research analysts forecast that National Bank will post 3.31 EPS for the current fiscal year.

National Bank Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were given a $0.29 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $1.16 annualized dividend and a yield of 2.99%. National Bank’s dividend payout ratio (DPR) is 37.54%.

Hedge Funds Weigh In On National Bank

Institutional investors have recently modified their holdings of the stock. Bank of Montreal Can increased its holdings in National Bank by 6.8% during the 4th quarter. Bank of Montreal Can now owns 7,098 shares of the financial services provider’s stock worth $306,000 after purchasing an additional 455 shares during the period. Swiss National Bank raised its holdings in shares of National Bank by 0.9% in the fourth quarter. Swiss National Bank now owns 74,500 shares of the financial services provider’s stock valued at $3,208,000 after acquiring an additional 700 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in National Bank by 3.5% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,987 shares of the financial services provider’s stock worth $904,000 after acquiring an additional 715 shares during the period. Quarry LP grew its holdings in National Bank by 503.1% during the 4th quarter. Quarry LP now owns 971 shares of the financial services provider’s stock worth $42,000 after acquiring an additional 810 shares in the last quarter. Finally, 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 valued at $51,000 after purchasing an additional 1,052 shares during the period. 92.65% of the stock is 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.