National Bank (NYSE:NBHC) Upgraded at StockNews.com

National Bank (NYSE:NBHC - Get Free Report) was upgraded by investment analysts at StockNews.com from a "sell" rating to a "hold" rating in a research report issued to clients and investors on Friday.

Separately, Hovde Group dropped their target price on National Bank from $48.00 to $43.00 and set a "market perform" rating on the stock in a research report on Wednesday, April 2nd. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $49.00.

National Bank Stock Down 0.1 %

Shares of NBHC traded down $0.04 on Friday, reaching $35.07. The company's stock had a trading volume of 3,233 shares, compared to its average volume of 229,888. The stock has a market capitalization of $1.33 billion, a PE ratio of 11.36 and a beta of 0.77. The company has a current ratio of 0.95, a quick ratio of 0.94 and a debt-to-equity ratio of 0.08. National Bank has a twelve month low of $32.13 and a twelve month high of $51.76. The firm has a fifty day moving average of $39.33 and a 200-day moving average of $42.78.

National Bank (NYSE:NBHC - Get Free Report) last issued its earnings results on Wednesday, January 22nd. The financial services provider reported $0.86 earnings per share for the quarter, topping analysts' consensus estimates of $0.79 by $0.07. National Bank had a net margin of 19.82% and a return on equity of 9.76%. Equities analysts predict that National Bank will post 3.31 EPS for the current year.

Institutional Trading of National Bank

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Quarry LP increased its stake in shares of National Bank by 503.1% in the fourth quarter. Quarry LP now owns 971 shares of the financial services provider's stock worth $42,000 after buying an additional 810 shares during the period. Sterling Capital Management LLC boosted its holdings in shares of National Bank by 815.5% during the fourth quarter. Sterling Capital Management LLC now owns 1,181 shares of the financial services provider's stock worth $51,000 after purchasing an additional 1,052 shares during the period. KBC Group NV increased its holdings in National Bank by 82.5% during the 4th quarter. KBC Group NV now owns 2,389 shares of the financial services provider's stock valued at $103,000 after purchasing an additional 1,080 shares during the period. Aquatic Capital Management LLC bought a new position in National Bank during the 4th quarter valued at approximately $174,000. Finally, Handelsbanken Fonder AB bought a new stake in shares of National Bank in the 4th quarter worth approximately $224,000. Institutional investors own 92.65% of the company's stock.

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.