National Bank (NYSE:NBHC) Earns "Hold (C)" Rating from Weiss Ratings

Key Points

• National Bank has received a "hold (C)" rating from Weiss Ratings, with a consensus rating of "Moderate Buy" and an average price target of $45.33.
• A variety of analysts have recently upgraded their ratings on National Bank, with Hovde Group increasing its recommendation to "outperform" and setting a target price of $46.00.
• Institutional investors have shown increased interest in National Bank, with hedge funds owning approximately 92.65% of the stock and multiple investors boosting their positions significantly in recent quarters.

National Bank (NYSE:NBHC - Get Free Report)'s stock had its "hold (c)" rating reiterated by research analysts at Weiss Ratings in a note issued to investors on Saturday,Weiss Ratings reports.

Other equities research analysts have also issued research reports about the company. Hovde Group raised National Bank from a "market perform" rating to an "outperform" rating and set a $46.00 target price on the stock in a research note on Thursday, September 18th. Keefe, Bruyette & Woods upped their target price on National Bank from $44.00 to $45.00 and gave the company a "market perform" rating in a research note on Wednesday, September 17th. DA Davidson upped their target price on National Bank from $42.00 to $45.00 and gave the company a "buy" rating in a research note on Thursday, July 24th. Zacks Research upgraded National Bank from a "hold" rating to a "strong-buy" rating in a report on Monday, September 1st. Finally, Wall Street Zen upgraded National Bank from a "strong sell" rating to a "hold" rating in a report on Saturday, July 26th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $45.33.

National Bank Price Performance

Shares of NYSE:NBHC opened at $37.46 on Friday. The business's 50 day simple moving average is $38.45 and its 200-day simple moving average is $37.66. The firm has a market capitalization of $1.43 billion, a price-to-earnings ratio of 11.85 and a beta of 0.75. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.93 and a quick ratio of 0.93. National Bank has a 12 month low of $32.83 and a 12 month high of $51.76.

National Bank (NYSE:NBHC - Get Free Report) last announced its quarterly earnings results on Thursday, August 14th. The financial services provider reported $0.63 EPS for the quarter. National Bank had a return on equity of 9.56% and a net margin of 20.50%.The business had revenue of $102.07 million for the quarter. As a group, equities analysts forecast that National Bank will post 3.31 earnings per share for the current fiscal year.

Hedge Funds Weigh In On National Bank

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. SG Americas Securities LLC boosted its position in National Bank by 264.0% in the 3rd quarter. SG Americas Securities LLC now owns 29,211 shares of the financial services provider's stock valued at $1,129,000 after buying an additional 21,185 shares during the last quarter. Deprince Race & Zollo Inc. purchased a new position in National Bank in the 3rd quarter valued at about $14,240,000. CWM LLC lifted its position in shares of National Bank by 1,227.7% during the third quarter. CWM LLC now owns 11,498 shares of the financial services provider's stock worth $444,000 after purchasing an additional 10,632 shares during the last quarter. Harbor Capital Advisors Inc. lifted its position in shares of National Bank by 2.0% during the third quarter. Harbor Capital Advisors Inc. now owns 14,842 shares of the financial services provider's stock worth $573,000 after purchasing an additional 291 shares during the last quarter. Finally, Assenagon Asset Management S.A. bought a new position in shares of National Bank during the third quarter worth about $25,869,000. 92.65% of the stock is owned by hedge funds and other institutional investors.

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.

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