National Bank (NYSE:NBHC) Lifted to Hold at StockNews.com

National Bank (NYSE:NBHC) was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating in a note issued to investors on Saturday.

Several other equities research analysts have also recently issued reports on the company. Piper Sandler boosted their price target on National Bank from $40.00 to $41.00 and gave the company an “overweight” rating in a research note on Thursday, January 25th. TheStreet downgraded National Bank from a “b” rating to a “c+” rating in a research report on Monday, March 18th.

National Bank Stock Up 3.6 %

NBHC stock opened at $34.01 on Friday. The business’s fifty day moving average price is $34.17 and its two-hundred day moving average price is $33.96. The stock has a market capitalization of $1.29 billion, a price-to-earnings ratio of 9.14 and a beta of 0.84. National Bank has a fifty-two week low of $26.48 and a fifty-two week high of $38.71. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.95 and a quick ratio of 0.95.

National Bank (NYSE:NBHC) last released its quarterly earnings results on Wednesday, January 24th. The financial services provider reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.03. The business had revenue of $107.23 million for the quarter, compared to analyst estimates of $103.96 million. National Bank had a net margin of 25.40% and a return on equity of 12.20%. National Bank’s revenue for the quarter was down 3.1% compared to the same quarter last year. During the same period last year, the firm earned $0.91 earnings per share. On average, equities analysts anticipate that National Bank will post 3.33 earnings per share for the current year.

Institutional Trading of National Bank

A number of institutional investors and hedge funds have recently made changes to their positions in the company. FMR LLC lifted its stake in National Bank by 78.9% during the third quarter. FMR LLC now owns 850 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 375 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake in National Bank by 24.4% in the first quarter. Tower Research Capital LLC TRC now owns 2,005 shares of the financial services provider’s stock valued at $67,000 after buying an additional 393 shares in the last quarter. Captrust Financial Advisors grew its position in National Bank by 145.4% in the first quarter. Captrust Financial Advisors now owns 1,698 shares of the financial services provider’s stock valued at $68,000 after acquiring an additional 1,006 shares during the last quarter. Point72 Hong Kong Ltd raised its stake in National Bank by 2,677.4% during the first quarter. Point72 Hong Kong Ltd now owns 1,722 shares of the financial services provider’s stock worth $69,000 after acquiring an additional 1,660 shares in the last quarter. Finally, Ameritas Investment Partners Inc. lifted its holdings in shares of National Bank by 27.2% in the second quarter. Ameritas Investment Partners Inc. now owns 3,044 shares of the financial services provider’s stock worth $88,000 after acquiring an additional 650 shares during the last quarter. Institutional investors own 92.65% of the company’s stock.

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.