National Bank (NYSE:NBHC – Get Free Report) had its target price decreased by stock analysts at Piper Sandler from $49.00 to $45.00 in a report released on Thursday, Benzinga reports. The brokerage presently has an “overweight” rating on the financial services provider’s stock. Piper Sandler’s price objective indicates a potential upside of 21.22% from the stock’s previous close.
Several other research firms have also issued reports on NBHC. DA Davidson reduced their price target on National Bank from $45.00 to $43.00 and set a “buy” rating on the stock in a research report on Monday, October 5th. Zacks Research raised National Bank from a “strong sell” rating to a “hold” rating in a research note on Monday, October 5th. Stephens downgraded shares of National Bank from an “overweight” rating to an “equal weight” rating and set a $46.00 price objective for the company. in a research report on Thursday, August 6th. Finally, Weiss Ratings lowered shares of National Bank from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, August 11th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, National Bank currently has an average rating of “Moderate Buy” and a consensus target price of $44.67.
View Our Latest Research Report on National Bank
National Bank Price Performance
National Bank (NYSE:NBHC – Get Free Report) last issued its earnings results on Tuesday, July 21st. The financial services provider reported $0.78 EPS for the quarter, missing the consensus estimate of $0.81 by ($0.03). The business had revenue of $129.94 million for the quarter, compared to the consensus estimate of $135.08 million. National Bank had a net margin of 15.11% and a return on equity of 8.35%. The business’s revenue was up 23.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.88 EPS. As a group, analysts anticipate that National Bank will post 3.04 earnings per share for the current year.
Institutional Investors Weigh In On National Bank
Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Empowered Funds LLC boosted its position in National Bank by 30.9% during the first quarter. Empowered Funds LLC now owns 198,568 shares of the financial services provider’s stock valued at $7,776,000 after purchasing an additional 46,869 shares during the last quarter. Bank of America Corp DE increased its position in shares of National Bank by 45.8% during the 1st quarter. Bank of America Corp DE now owns 135,454 shares of the financial services provider’s stock worth $5,304,000 after purchasing an additional 42,572 shares during the last quarter. Hsbc Holdings PLC increased its position in shares of National Bank by 1,188.0% during the 4th quarter. Hsbc Holdings PLC now owns 186,020 shares of the financial services provider’s stock worth $7,071,000 after purchasing an additional 171,578 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of National Bank by 2.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,100,944 shares of the financial services provider’s stock worth $82,271,000 after purchasing an additional 40,669 shares during the last quarter. Finally, North Reef Capital Management LP bought a new stake in shares of National Bank during the 1st quarter worth approximately $12,545,000. 92.65% of the stock is owned by institutional investors.
About National Bank
National Bank Holdings Corporation (NYSE: NBHC) is a bank holding company headquartered in Greenwood Village, Colorado. Through its banking subsidiary, NBH Bank, the company provides community banking services to individuals, families, businesses and institutions.
Its products and services include checking and savings accounts, certificates of deposit, consumer and residential lending, commercial and industrial loans, commercial real estate financing, treasury management, wealth management and other financial services.
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