National Bank (NYSE:NBHC) Stock Price Expected to Rise, Hovde Group Analyst Says

National Bank (NYSE:NBHC) had its price target raised by Hovde Group from $39.00 to $42.00 in a research note issued to investors on Thursday, MarketBeat.com reports. The firm presently has a “market perform” rating on the financial services provider’s stock. Hovde Group’s price objective indicates a potential upside of 5.46% from the company’s current price.

A number of other research analysts have also weighed in on NBHC. Wall Street Zen lowered shares of National Bank from a “hold” rating to a “sell” rating in a research report on Friday, May 2nd. DA Davidson lowered their price target on shares of National Bank from $46.00 to $42.00 and set a “buy” rating for the company in a research note on Wednesday, April 23rd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, National Bank has a consensus rating of “Hold” and an average price target of $46.60.

National Bank Stock Down 1.2%

NBHC stock traded down $0.48 during midday trading on Thursday, hitting $39.83. The company’s stock had a trading volume of 47,009 shares, compared to its average volume of 238,924. The stock has a market capitalization of $1.52 billion, a P/E ratio of 12.85 and a beta of 0.77. The company’s fifty day moving average price is $37.83 and its 200 day moving average price is $38.99. National Bank has a twelve month low of $32.83 and a twelve month high of $51.76. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.93 and a quick ratio of 0.92.

National Bank (NYSE:NBHC) last issued its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $0.88 earnings per share for the quarter, topping analysts’ consensus estimates of $0.82 by $0.06. The company had revenue of $104.48 million during the quarter, compared to the consensus estimate of $110.36 million. National Bank had a net margin of 20.02% and a return on equity of 9.52%. The firm’s quarterly revenue was up 7.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.68 EPS. As a group, equities research analysts predict that National Bank will post 3.31 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in NBHC. CWM LLC boosted its stake in 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 in the last quarter. Quarry LP lifted its stake in shares of National Bank by 503.1% in the 4th quarter. Quarry LP now owns 971 shares of the financial services provider’s stock valued at $42,000 after purchasing an additional 810 shares during the period. Sterling Capital Management LLC increased its holdings in National Bank by 815.5% in the 4th quarter. Sterling Capital Management LLC now owns 1,181 shares of the financial services provider’s stock worth $51,000 after acquiring an additional 1,052 shares in the last quarter. Aquatic Capital Management LLC acquired a new position in National Bank during the fourth quarter worth $174,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in National Bank during the first quarter worth $217,000. 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.