National Bank (NYSE:NBHC) Stock Rating Upgraded by Zacks Research

Key Points

• National Bank has been upgraded to a "Strong-Buy" rating by Zacks Research, signaling positive market sentiment about the stock's performance.
• The company reported earnings of $0.88 per share, exceeding analysts' expectations, and its quarterly revenue was up 7% year-over-year.
• National Bank's average price target is now $47.20, reflecting a consensus rating of "Moderate Buy" among research analysts.

National Bank (NYSE:NBHC - Get Free Report) was upgraded by investment analysts at Zacks Research from a "hold" rating to a "strong-buy" rating in a report issued on Monday,Zacks.com reports.

Other equities research analysts have also issued reports about the company. Hovde Group increased their price target on National Bank from $39.00 to $42.00 and gave the stock a "market perform" rating in a research report on Thursday, July 24th. DA Davidson increased their price target on National Bank from $42.00 to $45.00 and gave the stock a "buy" rating in a research report on Thursday, July 24th. Finally, Wall Street Zen upgraded 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, one has issued a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, National Bank currently has an average rating of "Moderate Buy" and an average price target of $47.20.

National Bank Price Performance

NYSE NBHC traded down $0.27 during trading hours on Monday, reaching $39.12. 175,106 shares of the company's stock were exchanged, compared to its average volume of 258,880. The stock has a market cap of $1.49 billion, a PE ratio of 12.62 and a beta of 0.78. National Bank has a one year low of $32.83 and a one year high of $51.76. The firm has a fifty day moving average of $38.68 and a 200-day moving average of $37.87. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.18.

National Bank (NYSE:NBHC - Get Free Report) last released 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. The business had revenue of $104.48 million for the quarter, compared to analyst estimates of $110.36 million. National Bank had a return on equity of 9.44% and a net margin of 20.02%.National Bank's revenue for the quarter was up 7.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.68 EPS. On average, equities research analysts predict that National Bank will post 3.31 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. CWM LLC boosted its position in shares of National Bank by 158.4% in the 1st quarter. CWM LLC now owns 783 shares of the financial services provider's stock worth $30,000 after purchasing an additional 480 shares during the last quarter. Quarry LP boosted its position in shares of National Bank by 40.3% in the 1st quarter. Quarry LP now owns 1,362 shares of the financial services provider's stock worth $52,000 after purchasing an additional 391 shares during the last quarter. Tower Research Capital LLC TRC boosted its position in shares of National Bank by 131.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,395 shares of the financial services provider's stock worth $128,000 after purchasing an additional 1,927 shares during the last quarter. Wealth Enhancement Advisory Services LLC bought a new position in shares of National Bank in the 4th quarter worth $230,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of National Bank in the 1st quarter worth $217,000. 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.