National Bank (NYSE:NBHC) Raised to Hold at Wall Street Zen

National Bank (NYSE:NBHC - Get Free Report) was upgraded by equities researchers at Wall Street Zen from a "strong sell" rating to a "hold" rating in a research report issued to clients and investors on Saturday.

NBHC has been the topic of several other reports. Hovde Group upped 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. DA Davidson increased their target price on shares of National Bank from $42.00 to $45.00 and gave the stock a "buy" rating in a report on Thursday. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $47.20.

National Bank Price Performance

NBHC opened at $39.28 on Friday. The company has a market capitalization of $1.50 billion, a P/E ratio of 12.67 and a beta of 0.77. The company has a 50-day moving average of $37.88 and a 200-day moving average of $38.95. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.92 and a current ratio of 0.93. National Bank has a 1-year low of $32.83 and a 1-year high of $51.76.

National Bank (NYSE:NBHC - Get Free Report) last posted its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $0.88 EPS for the quarter, topping analysts' consensus estimates of $0.82 by $0.06. National Bank had a return on equity of 9.44% and a net margin of 20.02%. The business had revenue of $104.48 million during the quarter, compared to the consensus estimate of $110.36 million. During the same period last year, the firm earned $0.68 earnings per share. The company's revenue for the quarter was up 7.0% compared to the same quarter last year. Equities analysts expect that National Bank will post 3.31 EPS for the current fiscal year.

Institutional Investors Weigh In On National Bank

A number of hedge funds have recently added to or reduced their stakes in NBHC. CWM LLC boosted its position in shares of National Bank by 158.4% during the first quarter. CWM LLC now owns 783 shares of the financial services provider's stock worth $30,000 after buying an additional 480 shares during the period. Quarry LP raised its stake in National Bank by 503.1% during the 4th quarter. Quarry LP now owns 971 shares of the financial services provider's stock valued at $42,000 after acquiring an additional 810 shares in the last quarter. Sterling Capital Management LLC boosted its position in National Bank by 815.5% during the 4th quarter. Sterling Capital Management LLC now owns 1,181 shares of the financial services provider's stock worth $51,000 after acquiring an additional 1,052 shares during the period. Aquatic Capital Management LLC acquired a new position in National Bank during the 4th quarter worth $174,000. Finally, Wealth Enhancement Advisory Services LLC bought a new position in shares of National Bank in the fourth quarter worth $230,000. 92.65% of the stock is currently owned by institutional investors.

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.

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