StockNews.com downgraded shares of National Bank (NYSE:NBHC - Free Report) from a hold rating to a sell rating in a research note issued to investors on Friday.
NBHC has been the subject of a number of other reports. DA Davidson cut their target price on National Bank from $46.00 to $42.00 and set a "buy" rating for the company in a research note on Wednesday, April 23rd. Hovde Group dropped their price target on shares of National Bank from $43.00 to $39.00 and set a "market perform" rating for the company in a research report on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $46.00.
Read Our Latest Analysis on NBHC
National Bank Stock Up 0.8 %
Shares of NYSE:NBHC traded up $0.30 during trading hours on Friday, reaching $36.51. The stock had a trading volume of 337,736 shares, compared to its average volume of 233,598. National Bank has a 1 year low of $32.83 and a 1 year high of $51.76. The stock has a market capitalization of $1.39 billion, a price-to-earnings ratio of 11.82 and a beta of 0.77. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.94 and a current ratio of 0.95. The firm's 50 day moving average is $37.50 and its 200-day moving average is $42.26.
National Bank (NYSE:NBHC - Get Free Report) last released its quarterly earnings data on Tuesday, April 22nd. The financial services provider reported $0.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.76 by ($0.13). National Bank had a net margin of 19.82% and a return on equity of 9.76%. The company had revenue of $102.07 million during the quarter, compared to analyst estimates of $107.47 million. During the same quarter in the prior year, the company earned $0.82 EPS. Research analysts predict that National Bank will post 3.31 earnings per share for the current fiscal year.
National Bank Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be issued a $0.30 dividend. The ex-dividend date is Friday, May 30th. This represents a $1.20 dividend on an annualized basis and a yield of 3.29%. This is an increase from National Bank's previous quarterly dividend of $0.29. National Bank's dividend payout ratio is currently 40.00%.
Hedge Funds Weigh In On National Bank
A number of institutional investors have recently made changes to their positions in NBHC. Assenagon Asset Management S.A. acquired a new stake in National Bank in the fourth quarter valued at $1,790,000. Amundi boosted its position in National Bank by 197.3% during the 4th quarter. Amundi now owns 19,278 shares of the financial services provider's stock valued at $826,000 after purchasing an additional 12,793 shares during the period. Invesco Ltd. grew its position in shares of National Bank by 36.8% during the fourth quarter. Invesco Ltd. now owns 231,403 shares of the financial services provider's stock worth $9,964,000 after acquiring an additional 62,225 shares during the last quarter. Bank of Montreal Can grew its position in National Bank by 6.8% in the 4th quarter. Bank of Montreal Can now owns 7,098 shares of the financial services provider's stock worth $306,000 after purchasing an additional 455 shares during the last quarter. Finally, Barclays PLC increased its position in National Bank by 91.9% in the 3rd quarter. Barclays PLC now owns 103,076 shares of the financial services provider's stock valued at $4,340,000 after acquiring an additional 49,359 shares during the period. 92.65% of the stock is owned by institutional investors and hedge funds.
National Bank Company Profile
(
Get Free Report)
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.
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