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

Key Points

• National Bank (NYSE:NBHC) received a "hold (c)" rating from Weiss Ratings, amidst a consensus of ratings reflecting a "Moderate Buy" from various analysts.
• The company's stock traded down 1.1%, closing at $38.02, with a market capitalization of $1.45 billion and a PE ratio of 12.26.
• National Bank reported a quarterly earnings per share of $0.88, surpassing analysts' expectations, with year-over-year revenue growth of 7.0% despite a decline from consensus estimates.

National Bank (NYSE:NBHC - Get Free Report)'s stock had its "hold (c)" rating reaffirmed by investment analysts at Weiss Ratings in a research report issued to clients and investors on Wednesday,Weiss Ratings reports.

NBHC has been the topic of several other research reports. Keefe, Bruyette & Woods lifted their price objective on shares of National Bank from $44.00 to $45.00 and gave the stock a "market perform" rating in a research note on Wednesday, September 17th. DA Davidson lifted their target price on shares of National Bank from $42.00 to $45.00 and gave the company a "buy" rating in a research note on Thursday, July 24th. Hovde Group upgraded shares of National Bank from a "market perform" rating to an "outperform" rating and set a $46.00 price objective for the company in a research note on Thursday, September 18th. Zacks Research raised shares of National Bank from a "hold" rating to a "strong-buy" rating in a report on Monday, September 1st. Finally, Wall Street Zen upgraded shares of National Bank from a "strong sell" rating to a "hold" rating in a research report on Saturday, July 26th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $46.60.

National Bank Trading Down 1.1%

Shares of National Bank stock traded down $0.44 during trading hours on Wednesday, hitting $38.02. The company's stock had a trading volume of 17,104 shares, compared to its average volume of 272,126. The business has a fifty day moving average of $38.42 and a 200 day moving average of $37.66. The company has a market capitalization of $1.45 billion, a PE ratio of 12.26 and a beta of 0.75. National Bank has a 1-year low of $32.83 and a 1-year high of $51.76. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.18.

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

Hedge Funds Weigh In On National Bank

A number of large investors have recently modified their holdings of NBHC. Assenagon Asset Management S.A. purchased a new stake in National Bank in the 3rd quarter valued at $25,869,000. Moody National Bank Trust Division boosted its stake in National Bank by 14.4% in the 3rd quarter. Moody National Bank Trust Division now owns 35,642 shares of the financial services provider's stock worth $1,377,000 after purchasing an additional 4,494 shares during the period. Osaic Holdings Inc. boosted its stake in National Bank by 126.0% in the 2nd quarter. Osaic Holdings Inc. now owns 6,367 shares of the financial services provider's stock worth $239,000 after purchasing an additional 3,550 shares during the period. Westwood Holdings Group Inc. boosted its position in shares of National Bank by 8.3% during the 2nd quarter. Westwood Holdings Group Inc. now owns 1,570,981 shares of the financial services provider's stock valued at $59,085,000 after acquiring an additional 120,754 shares during the last quarter. Finally, Public Sector Pension Investment Board boosted its position in shares of National Bank by 7.6% during the 2nd quarter. Public Sector Pension Investment Board now owns 129,850 shares of the financial services provider's stock valued at $4,884,000 after acquiring an additional 9,207 shares during the last quarter. 92.65% of the stock is currently owned by 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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