National Bank (NYSE:NBHC) Price Target Raised to $42.00 at Hovde Group

National Bank (NYSE:NBHC - Get Free Report) had its price target upped by investment analysts at Hovde Group from $39.00 to $42.00 in a report issued on Thursday, Marketbeat reports. The brokerage currently has a "market perform" rating on the financial services provider's stock. Hovde Group's price target points to a potential upside of 7.36% from the stock's previous close.

A number of other equities research analysts have also recently weighed in on the stock. Wall Street Zen cut shares of National Bank from a "hold" rating to a "sell" rating in a research note on Friday, May 2nd. DA Davidson decreased their price target on shares of National Bank from $46.00 to $42.00 and set a "buy" rating on the stock in a research report on Wednesday, April 23rd. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $47.20.

National Bank Stock Performance

National Bank stock traded down $0.16 during mid-day trading on Thursday, reaching $39.12. The company's stock had a trading volume of 271,146 shares, compared to its average volume of 242,297. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.18. The firm has a market cap of $1.49 billion, a price-to-earnings ratio of 12.62 and a beta of 0.77. National Bank has a twelve month low of $32.83 and a twelve month high of $51.76. The business has a 50 day moving average price of $37.88 and a 200-day moving average price of $38.89.

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

Hedge Funds Weigh In On National Bank

Institutional investors have recently bought and sold shares of the stock. Envestnet Portfolio Solutions Inc. purchased a new position in National Bank during the 2nd quarter valued at about $398,000. Vest Financial LLC grew its stake in National Bank by 24.9% during the 2nd quarter. Vest Financial LLC now owns 23,723 shares of the financial services provider's stock valued at $892,000 after acquiring an additional 4,735 shares in the last quarter. KLP Kapitalforvaltning AS grew its stake in National Bank by 26.1% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 8,700 shares of the financial services provider's stock valued at $327,000 after acquiring an additional 1,800 shares in the last quarter. State of Alaska Department of Revenue grew its stake in National Bank by 7.5% during the 2nd quarter. State of Alaska Department of Revenue now owns 22,664 shares of the financial services provider's stock valued at $851,000 after acquiring an additional 1,578 shares in the last quarter. Finally, Public Employees Retirement System of Ohio grew its stake in shares of National Bank by 10.8% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 51,160 shares of the financial services provider's stock valued at $1,924,000 after buying an additional 4,998 shares in the last quarter. Hedge funds and other 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.