National Bank (NYSE:NBHC) Now Covered by Analysts at Piper Sandler

Equities research analysts at Piper Sandler assumed coverage on shares of National Bank (NYSE:NBHC) in a report released on Wednesday. The firm set an “overweight” rating and a $48.00 price target on the financial services provider’s stock. Piper Sandler’s target price indicates a potential upside of 24.77% from the stock’s current price.

NBHC has been the topic of a number of other research reports. DA Davidson reiterated a “buy” rating and set a $48.00 price objective on shares of National Bank in a research report on Thursday, February 19th. Weiss Ratings restated a “hold (c)” rating on shares of National Bank in a report on Thursday, January 22nd. Zacks Research upgraded National Bank from a “strong sell” rating to a “hold” rating in a report on Monday, December 22nd. Finally, Wall Street Zen lowered National Bank from a “hold” rating to a “sell” rating in a report on Saturday, January 31st. Four equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $45.80.

National Bank Stock Up 1.1%

Shares of NYSE NBHC opened at $38.47 on Wednesday. The stock has a market cap of $1.73 billion, a PE ratio of 13.50 and a beta of 0.79. The company has a current ratio of 0.94, a quick ratio of 0.93 and a debt-to-equity ratio of 0.04. National Bank has a 12-month low of $32.83 and a 12-month high of $42.99. The company has a 50-day moving average of $40.41 and a 200 day moving average of $38.91.

National Bank (NYSE:NBHC) last released its earnings results on Tuesday, January 27th. The financial services provider reported $0.60 earnings per share for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.27). The business had revenue of $99.08 million during the quarter, compared to analysts’ expectations of $107.48 million. National Bank had a return on equity of 8.65% and a net margin of 18.66%.During the same period last year, the business earned $0.86 earnings per share. As a group, sell-side analysts predict that National Bank will post 3.31 EPS for the current fiscal year.

Insider Buying and Selling

In other National Bank news, insider John Steinmetz acquired 24,200 shares of the stock in a transaction that occurred on Wednesday, February 11th. The stock was bought at an average cost of $41.41 per share, for a total transaction of $1,002,122.00. Following the completion of the transaction, the insider owned 536,504 shares of the company’s stock, valued at approximately $22,216,630.64. The trade was a 4.72% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 2.90% of the company’s stock.

Hedge Funds Weigh In On National Bank

Large investors have recently modified their holdings of the business. State Street Corp boosted its stake in National Bank by 2.6% during the fourth quarter. State Street Corp now owns 1,888,885 shares of the financial services provider’s stock worth $71,797,000 after buying an additional 47,991 shares during the period. Westwood Holdings Group Inc. increased its stake in shares of National Bank by 8.3% during the second quarter. Westwood Holdings Group Inc. now owns 1,570,981 shares of the financial services provider’s stock worth $59,085,000 after buying an additional 120,754 shares during the period. Deprince Race & Zollo Inc. lifted its position in shares of National Bank by 215.4% during the 4th quarter. Deprince Race & Zollo Inc. now owns 1,162,432 shares of the financial services provider’s stock worth $44,184,000 after purchasing an additional 793,902 shares during the last quarter. Segall Bryant & Hamill LLC boosted its position in shares of National Bank by 6.8% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 964,261 shares of the financial services provider’s stock worth $37,259,000 after acquiring an additional 61,771 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in National Bank by 2.1% in the second quarter. Geode Capital Management LLC now owns 903,808 shares of the financial services provider’s stock valued at $33,996,000 after purchasing an additional 18,612 shares in the last quarter. Institutional investors and hedge funds own 92.65% of the company’s stock.

About National Bank

National Bank Holdings Corporation (NYSE: NBHC) is a diversified financial services holding company headquartered in Cape Girardeau, Missouri. Through its network of community bank subsidiaries, the company provides deposit, lending and payment solutions to consumer, small business and commercial clients across multiple U.S. markets.

Since its founding in 1992, National Bank Holdings has pursued a growth strategy focused on acquiring and integrating locally branded community banks. Its footprint spans the Midwest and Southern United States, including Missouri, Kansas, Oklahoma, Texas, Colorado, Illinois and Tennessee.