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

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

A number of other research analysts have also recently issued reports on NBHC. StockNews.com upgraded National Bank from a “sell” rating to a “hold” rating in a research note on Saturday, April 20th. TheStreet cut National Bank from a “b” rating to a “c+” rating in a research report on Monday, March 18th. Finally, Piper Sandler lifted their price target on National Bank from $40.00 to $41.00 and gave the company an “overweight” rating in a research note on Thursday, January 25th. Three investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, National Bank currently has an average rating of “Hold” and a consensus target price of $38.00.

National Bank Stock Down 1.4 %

NYSE:NBHC traded down $0.46 during trading hours on Friday, reaching $33.19. 8,913 shares of the stock were exchanged, compared to its average volume of 164,511. The firm has a 50 day moving average of $34.16 and a 200 day moving average of $34.07. National Bank has a twelve month low of $26.48 and a twelve month high of $38.71. The stock has a market cap of $1.25 billion, a PE ratio of 9.64 and a beta of 0.84. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.95 and a quick ratio of 0.95.

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

Institutional Trading of National Bank

Several institutional investors and hedge funds have recently added to or reduced their stakes in NBHC. Swiss National Bank raised its stake in shares of National Bank by 1.2% during the third quarter. Swiss National Bank now owns 66,400 shares of the financial services provider’s stock worth $1,976,000 after buying an additional 800 shares during the last quarter. Assenagon Asset Management S.A. boosted its stake in National Bank by 353.3% in 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 purchasing an additional 157,359 shares during the period. Illinois Municipal Retirement Fund bought a new position in shares of National Bank in the third quarter worth $660,000. Charles Schwab Investment Management Inc. boosted its stake in shares of National Bank by 4.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 298,048 shares of the financial services provider’s stock valued at $8,870,000 after purchasing an additional 11,562 shares in the last quarter. Finally, Moody National Bank Trust Division lifted its stake in shares of National Bank by 22.7% in the fourth quarter. Moody National Bank Trust Division now owns 24,458 shares of the financial services provider’s stock worth $910,000 after acquiring an additional 4,526 shares during the period. 92.65% of the stock is owned by institutional investors and hedge funds.

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.