National Bank (NYSE:NBHC) Stock Rating Upgraded by Wall Street Zen

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

NBHC has been the subject of several other reports. Weiss Ratings raised shares of National Bank from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Monday, March 30th. Piper Sandler increased their target price on shares of National Bank from $48.00 to $52.00 and gave the company an "overweight" rating in a research note on Monday, April 27th. Finally, DA Davidson reissued a "buy" rating and set a $46.00 target price on shares of National Bank in a research note on Wednesday, April 22nd. Five equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, National Bank currently has an average rating of "Moderate Buy" and an average target price of $46.20.

National Bank Trading Up 0.1%

Shares of NYSE:NBHC opened at $42.84 on Friday. The company has a 50 day moving average of $40.52 and a 200-day moving average of $39.50. The firm has a market cap of $1.93 billion, a P/E ratio of 15.98 and a beta of 0.80. National Bank has a twelve month low of $35.06 and a twelve month high of $43.86. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.12.

National Bank (NYSE:NBHC - Get Free Report) last issued its quarterly earnings results on Tuesday, April 21st. The financial services provider reported $0.72 earnings per share for the quarter, topping analysts' consensus estimates of $0.65 by $0.07. National Bank had a net margin of 17.14% and a return on equity of 8.72%. The company had revenue of $126.78 million during the quarter, compared to analyst estimates of $129.30 million. During the same period in the prior year, the business posted $0.63 EPS. The business's revenue for the quarter was up 37.8% compared to the same quarter last year. As a group, analysts anticipate that National Bank will post 3.51 earnings per share for the current fiscal year.

Insider Activity at National Bank

In other news, insider John Steinmetz purchased 24,200 shares of National Bank stock in a transaction that occurred on Wednesday, February 11th. The stock was acquired at an average price of $41.41 per share, for a total transaction of $1,002,122.00. Following the transaction, the insider owned 536,504 shares in the company, valued at $22,216,630.64. The trade was a 4.72% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 6.80% of the company's stock.

Institutional Investors Weigh In On National Bank

Several hedge funds have recently made changes to their positions in NBHC. New York State Common Retirement Fund increased its stake in National Bank by 336.6% in the 3rd quarter. New York State Common Retirement Fund now owns 56,373 shares of the financial services provider's stock valued at $2,178,000 after buying an additional 43,462 shares during the period. JPMorgan Chase & Co. increased its stake in National Bank by 62.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 231,916 shares of the financial services provider's stock valued at $8,961,000 after buying an additional 88,876 shares during the period. AlphaQuest LLC increased its stake in National Bank by 110.4% in the 3rd quarter. AlphaQuest LLC now owns 43,045 shares of the financial services provider's stock valued at $1,663,000 after buying an additional 22,583 shares during the period. Y Intercept Hong Kong Ltd increased its stake in National Bank by 97.9% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 80,567 shares of the financial services provider's stock valued at $3,113,000 after buying an additional 39,848 shares during the period. Finally, Public Sector Pension Investment Board increased its stake in National Bank by 14.3% in the 3rd quarter. Public Sector Pension Investment Board now owns 148,367 shares of the financial services provider's stock valued at $5,733,000 after buying an additional 18,517 shares during the period. Hedge funds and other institutional investors own 92.65% of the company's stock.

About National Bank

National Bank Holdings Corporation NYSE: NBHC is a diversified financial services holding company headquartered in Cape Girardeau, Missouri. Through its network of community bank subsidiaries, the company provides deposit, lending and payment solutions to consumer, small business and commercial clients across multiple U.S. markets.

Since its founding in 1992, National Bank Holdings has pursued a growth strategy focused on acquiring and integrating locally branded community banks. Its footprint spans the Midwest and Southern United States, including Missouri, Kansas, Oklahoma, Texas, Colorado, Illinois and Tennessee.

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