National Bank's (NBHC) Market Perform Rating Reaffirmed at Keefe, Bruyette & Woods

Keefe, Bruyette & Woods reiterated their market perform rating on shares of National Bank (NYSE:NBHC - Free Report) in a research note released on Friday, Benzinga reports. They currently have a $39.00 price target on the financial services provider's stock, down from their prior price target of $40.00.

Several other brokerages have also recently commented on NBHC. Piper Sandler increased their price target on shares of National Bank from $40.00 to $41.00 and gave the stock an overweight rating in a research report on Thursday, January 25th. StockNews.com raised shares of National Bank from a sell rating to a hold rating in a research report on Saturday, April 20th. Finally, TheStreet cut shares of National Bank from a b rating to a c+ rating in a research report on Monday, March 18th. Three analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, National Bank presently has an average rating of Hold and a consensus price target of $38.00.

National Bank Trading Down 0.4 %

NBHC traded down $0.15 during trading on Friday, hitting $33.50. The company's stock had a trading volume of 148,331 shares, compared to its average volume of 166,293. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.95 and a quick ratio of 0.95. The firm's 50 day moving average price is $34.14 and its 200-day moving average price is $34.09. The stock has a market cap of $1.27 billion, a PE ratio of 9.63 and a beta of 0.84. National Bank has a twelve month low of $26.48 and a twelve month high of $38.71.

National Bank (NYSE:NBHC - Get Free Report) last posted its quarterly earnings data on Thursday, April 25th. The financial services provider reported $0.82 earnings per share for the quarter, beating analysts' consensus estimates of $0.79 by $0.03. The company had revenue of $149.43 million during the quarter, compared to analysts' expectations of $101.98 million. National Bank had a net margin of 22.94% and a return on equity of 11.34%. During the same period in the prior year, the company posted $1.06 EPS. On average, analysts expect that National Bank will post 3.33 earnings per share for the current year.

Institutional Investors Weigh In On National Bank

Several institutional investors and hedge funds have recently bought and sold shares of NBHC. SG Americas Securities LLC raised its stake in National Bank by 150.0% during the third quarter. SG Americas Securities LLC now owns 25,089 shares of the financial services provider's stock worth $747,000 after acquiring an additional 15,054 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of National Bank by 45.5% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,857 shares of the financial services provider's stock valued at $204,000 after purchasing an additional 2,145 shares during the period. Teacher Retirement System of Texas acquired a new stake in shares of National Bank in the third quarter valued at approximately $275,000. Victory Capital Management Inc. increased its stake in shares of National Bank by 29.0% in the third quarter. Victory Capital Management Inc. now owns 18,533 shares of the financial services provider's stock valued at $552,000 after purchasing an additional 4,162 shares during the period. Finally, Assenagon Asset Management S.A. increased its stake in shares of National Bank by 353.3% in the third quarter. Assenagon Asset Management S.A. now owns 201,893 shares of the financial services provider's stock valued at $6,008,000 after purchasing an additional 157,359 shares during the period. Institutional investors and hedge funds 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.