National Bank (NYSE:NBHC) Given New $39.00 Price Target at Hovde Group

National Bank (NYSE:NBHC - Free Report) had its target price decreased by Hovde Group from $43.00 to $39.00 in a research note issued to investors on Thursday, Marketbeat Ratings reports. Hovde Group currently has a market perform rating on the financial services provider's stock.

NBHC has been the subject of a number of other research reports. StockNews.com downgraded National Bank from a "hold" rating to a "sell" rating in a research report on Wednesday, April 23rd. DA Davidson lowered their price target on National Bank from $46.00 to $42.00 and set a "buy" rating on the stock in a research report on Wednesday, April 23rd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $46.00.

National Bank Stock Performance

Shares of NYSE NBHC traded up $0.45 during midday trading on Thursday, reaching $36.31. 60,194 shares of the company traded hands, compared to its average volume of 246,063. The company has a market cap of $1.38 billion, a price-to-earnings ratio of 11.75 and a beta of 0.77. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.95 and a quick ratio of 0.94. National Bank has a 52 week low of $32.69 and a 52 week high of $51.76. The stock has a 50-day moving average price of $37.96 and a 200 day moving average price of $42.45.

National Bank (NYSE:NBHC - Get Free Report) last posted its quarterly earnings data on Tuesday, April 22nd. The financial services provider reported $0.63 EPS for the quarter, missing analysts' consensus estimates of $0.76 by ($0.13). The firm had revenue of $102.07 million during the quarter, compared to the consensus estimate of $107.47 million. National Bank had a return on equity of 9.76% and a net margin of 19.82%. During the same period in the prior year, the firm posted $0.82 EPS. Sell-side analysts anticipate that National Bank will post 3.31 earnings per share for the current fiscal year.

Institutional Trading of National Bank

Institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its position in shares of National Bank by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 4,230,384 shares of the financial services provider's stock valued at $182,160,000 after buying an additional 35,910 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in National Bank by 1.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,089,730 shares of the financial services provider's stock worth $89,984,000 after acquiring an additional 32,983 shares during the period. Geode Capital Management LLC lifted its position in shares of National Bank by 1.1% during the 3rd quarter. Geode Capital Management LLC now owns 861,483 shares of the financial services provider's stock valued at $36,276,000 after acquiring an additional 9,723 shares during the period. Principal Financial Group Inc. grew its stake in National Bank by 36.1% during the third quarter. Principal Financial Group Inc. now owns 786,096 shares of the financial services provider's stock worth $33,095,000 after buying an additional 208,303 shares in the last quarter. Finally, Northern Trust Corp raised its position in shares of National Bank by 7.3% in the 4th quarter. Northern Trust Corp now owns 440,106 shares of the financial services provider's stock valued at $18,951,000 after buying an additional 29,823 shares in the last quarter. Institutional investors own 92.65% of the company's stock.

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.