National Bank (NYSE:NBHC) Given New $45.00 Price Target at DA Davidson

National Bank (NYSE:NBHC - Get Free Report) had its price target boosted by DA Davidson from $42.00 to $45.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage presently has a "buy" rating on the financial services provider's stock. DA Davidson's target price would suggest a potential upside of 12.33% from the stock's current price.

NBHC has been the topic of a number of other research reports. Hovde Group increased their price target on National Bank from $39.00 to $42.00 and gave the company a "market perform" rating in a research report on Thursday. Wall Street Zen lowered National Bank from a "hold" rating to a "sell" rating in a research report on Friday, May 2nd. One 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's stock. According to data from MarketBeat.com, National Bank has an average rating of "Hold" and an average price target of $47.20.

National Bank Trading Down 0.6%

Shares of National Bank stock traded down $0.24 during trading hours on Thursday, hitting $40.06. The company's stock had a trading volume of 89,118 shares, compared to its average volume of 239,207. National Bank has a twelve month low of $32.83 and a twelve month high of $51.76. The firm has a fifty day moving average of $37.83 and a 200-day moving average of $38.99. The stock has a market cap of $1.53 billion, a price-to-earnings ratio of 12.91 and a beta of 0.77. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.92 and a current ratio of 0.93.

National Bank (NYSE:NBHC - Get Free Report) last announced its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $0.88 EPS for the quarter, beating the consensus estimate of $0.82 by $0.06. National Bank had a return on equity of 9.52% and a net margin of 20.02%. The business had revenue of $104.48 million for the quarter, compared to analyst estimates of $110.36 million. During the same quarter in the prior year, the company posted $0.68 EPS. The company's quarterly revenue was up 7.0% on a year-over-year basis. Research analysts forecast that National Bank will post 3.31 EPS for the current year.

Institutional Trading of National Bank

A number of institutional investors have recently bought and sold shares of NBHC. Nuveen LLC acquired a new position in National Bank in the first quarter valued at $21,123,000. Westwood Holdings Group Inc. increased its stake in National Bank by 30.1% in the first quarter. Westwood Holdings Group Inc. now owns 1,450,227 shares of the financial services provider's stock valued at $55,500,000 after purchasing an additional 335,741 shares during the last quarter. Millennium Management LLC increased its stake in National Bank by 2,057.9% in the first quarter. Millennium Management LLC now owns 199,453 shares of the financial services provider's stock valued at $7,633,000 after purchasing an additional 190,210 shares during the last quarter. Boston Partners increased its stake in National Bank by 40.6% in the first quarter. Boston Partners now owns 567,150 shares of the financial services provider's stock valued at $21,702,000 after purchasing an additional 163,895 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its stake in National Bank by 74.7% in the fourth quarter. JPMorgan Chase & Co. now owns 331,546 shares of the financial services provider's stock valued at $14,276,000 after purchasing an additional 141,716 shares during the last quarter. 92.65% of the stock is currently 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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