National Bank (NYSE:NBHC) Upgraded by StockNews.com to “Hold”

StockNews.com upgraded shares of National Bank (NYSE:NBHC) from a sell rating to a hold rating in a research report report published on Saturday.

Several other research analysts have also recently weighed in on the stock. TheStreet cut shares of National Bank from a b rating to a c+ rating in a report on Monday, March 18th. Piper Sandler boosted their price target on shares of National Bank from $40.00 to $41.00 and gave the stock an overweight rating in a report on Thursday, January 25th.

National Bank Trading Up 2.4 %

NYSE:NBHC opened at $34.79 on Friday. 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 firm has a 50-day moving average of $34.18 and a 200-day moving average of $34.07. The company has a market cap of $1.31 billion, a PE ratio of 9.35 and a beta of 0.84. National Bank has a one year low of $26.48 and a one year high of $38.71.

National Bank (NYSE:NBHC) last posted its earnings results on Wednesday, January 24th. The financial services provider reported $0.87 EPS for the quarter, topping the consensus estimate of $0.84 by $0.03. The company had revenue of $107.23 million during the quarter, compared to the consensus estimate of $103.96 million. National Bank had a net margin of 25.40% and a return on equity of 12.20%. The firm’s revenue for the quarter was down 3.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.91 earnings per share. As a group, equities research analysts expect that National Bank will post 3.33 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NBHC. Jackson Hole Capital Partners LLC purchased a new position in National Bank in the fourth quarter valued at about $17,537,000. Wellington Management Group LLP lifted its stake in shares of National Bank by 8.9% during the 3rd quarter. Wellington Management Group LLP now owns 3,665,586 shares of the financial services provider’s stock valued at $109,088,000 after buying an additional 298,140 shares in the last quarter. Hsbc Holdings PLC lifted its stake in shares of National Bank by 1,015.3% during the 4th quarter. Hsbc Holdings PLC now owns 235,268 shares of the financial services provider’s stock valued at $8,754,000 after buying an additional 214,174 shares in the last quarter. Assenagon Asset Management S.A. lifted its stake in shares of National Bank by 353.3% during the 3rd 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. Finally, Kennedy Capital Management LLC lifted its stake in shares of National Bank by 13.4% during the 3rd quarter. Kennedy Capital Management LLC now owns 852,359 shares of the financial services provider’s stock valued at $25,366,000 after buying an additional 100,765 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.