National Bank (NYSE:NBHC) Stock Gets Price Target Trim from Stephens

National Bank (NYSE:NBHC) had its target price reduced by Stephens from $44.00 to $39.00 in a research note issued to investors on Monday, Benzinga reports. The brokerage presently has an “equal weight” rating on the financial services provider’s stock. Stephens‘s target price indicates a potential upside of 2.31% from the stock’s current price.

NBHC has been the topic of a number of other reports. Piper Sandler decreased their target price on National Bank from $49.00 to $45.00 and set an “overweight” rating on the stock in a report on Thursday, October 15th. Zacks Research upgraded shares of National Bank from a “strong sell” rating to a “hold” rating in a report on Monday, October 5th. DA Davidson lowered their target price on National Bank from $45.00 to $43.00 and set a “buy” rating for the company in a research report on Monday, October 5th. Finally, Weiss Ratings cut National Bank from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, October 19th. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $42.33.

National Bank Stock Performance

Shares of NBHC stock traded up $0.69 during trading hours on Monday, reaching $38.12. The company had a trading volume of 118,501 shares, compared to its average volume of 456,302. The firm has a market cap of $1.70 billion, a PE ratio of 30.29 and a beta of 0.84. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.96 and a current ratio of 0.96. The business has a fifty day moving average price of $39.71 and a 200-day moving average price of $41.32. National Bank has a one year low of $35.06 and a one year high of $47.28.

National Bank (NYSE:NBHC) last issued its quarterly earnings data on Tuesday, October 27th. The financial services provider reported $0.06 EPS for the quarter, missing the consensus estimate of $0.79 by ($0.73). National Bank had a return on equity of 5.90% and a net margin of 8.02%. The firm had revenue of $126.44 million during the quarter, compared to the consensus estimate of $134.81 million. During the same period in the previous year, the firm earned $0.92 EPS. Sell-side analysts predict that National Bank will post 2.75 earnings per share for the current fiscal year.

Hedge Funds Weigh In On National Bank

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its position in National Bank by 2.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,100,944 shares of the financial services provider’s stock worth $82,271,000 after buying an additional 40,669 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of National Bank by 3.3% in the first quarter. Bank of New York Mellon Corp now owns 343,744 shares of the financial services provider’s stock valued at $13,461,000 after acquiring an additional 11,010 shares in the last quarter. Sei Investments Co. raised its position in shares of National Bank by 5.9% in the first quarter. Sei Investments Co. now owns 337,005 shares of the financial services provider’s stock valued at $13,197,000 after buying an additional 18,785 shares during the last quarter. North Reef Capital Management LP acquired a new position in shares of National Bank during the 1st quarter worth approximately $12,545,000. Finally, ProShare Advisors LLC grew its holdings in National Bank by 3,598.6% in the 3rd quarter. ProShare Advisors LLC now owns 231,164 shares of the financial services provider’s stock valued at $9,059,000 after buying an additional 224,914 shares in the last quarter. Hedge funds and other institutional investors own 92.65% of the company’s stock.

National Bank Company Profile

National Bank Holdings Corporation (NYSE: NBHC) is a bank holding company that operates through its principal subsidiary, NBH Bank. The company provides community banking services to businesses, individuals and institutions, with a focus on relationship-based banking and local market expertise.

NBH Bank offers a range of financial products and services, including commercial and small-business loans, consumer lending, residential real estate financing, business and personal deposit accounts, treasury management, online and mobile banking, and wealth management services.