National Bank (NYSE:NBHC – Get Free Report) was upgraded by equities researchers at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued to investors on Monday, Zacks reports.
A number of other equities research analysts have also commented on the stock. Weiss Ratings lowered shares of National Bank from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, August 11th. Piper Sandler reduced their target price on shares of National Bank from $51.00 to $49.00 and set an “overweight” rating for the company in a research note on Thursday, October 1st. DA Davidson lowered their target price on National Bank from $45.00 to $43.00 and set a “buy” rating for the company in a report on Monday. Finally, Stephens downgraded National Bank from an “overweight” rating to an “equal weight” rating and set a $46.00 price target on the stock. in a research note on Thursday, August 6th. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $46.00.
Get Our Latest Analysis on National Bank
National Bank Stock Up 1.3%
National Bank (NYSE:NBHC – Get Free Report) last released its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $0.78 EPS for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.03). National Bank had a net margin of 15.11% and a return on equity of 8.35%. The company had revenue of $129.94 million during the quarter, compared to the consensus estimate of $135.08 million. During the same quarter in the prior year, the company posted $0.88 EPS. The company’s revenue for the quarter was up 23.4% compared to the same quarter last year. On average, sell-side analysts forecast that National Bank will post 3.29 earnings per share for the current year.
Institutional Trading of National Bank
Institutional investors and hedge funds have recently bought and sold shares of the business. North Reef Capital Management LP bought a new position in National Bank in the 1st quarter worth about $12,545,000. Hsbc Holdings PLC increased its stake in 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 valued at $7,071,000 after purchasing an additional 171,578 shares in the last quarter. Kennedy Capital Management LLC increased its stake in National Bank by 39.0% during the 4th quarter. Kennedy Capital Management LLC now owns 505,333 shares of the financial services provider’s stock valued at $19,208,000 after purchasing an additional 141,726 shares in the last quarter. Focus Partners Advisor Solutions LLC bought a new stake in National Bank during the 4th quarter valued at about $4,137,000. Finally, Empowered Funds LLC raised its holdings in National Bank by 30.9% in the first quarter. Empowered Funds LLC now owns 198,568 shares of the financial services provider’s stock worth $7,776,000 after buying an additional 46,869 shares during the last quarter. Institutional investors own 92.65% of the company’s stock.
National Bank Company Profile
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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