DA Davidson Boosts National Bank (NYSE:NBHC) Price Target to $45.00

National Bank (NYSE:NBHC) had its price target raised by DA Davidson from $42.00 to $45.00 in a research note released on Tuesday morning, Benzinga reports. They currently have a buy rating on the financial services provider’s stock.

Several other research firms have also recently commented on NBHC. Hovde Group lowered their target price on shares of National Bank from $45.00 to $40.50 and set an outperform rating on the stock in a research note on Monday, April 29th. StockNews.com raised National Bank from a sell rating to a hold rating in a research note on Wednesday, May 29th. Keefe, Bruyette & Woods reiterated a market perform rating and issued a $39.00 price target (down from $40.00) on shares of National Bank in a research report on Friday, April 26th. Finally, TheStreet lowered shares of National Bank from a b rating to a c+ rating in a research report on Monday, March 18th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, National Bank presently has an average rating of Moderate Buy and a consensus price target of $39.90.

National Bank Trading Down 2.2 %

Shares of NYSE:NBHC opened at $38.49 on Tuesday. National Bank has a fifty-two week low of $28.38 and a fifty-two week high of $39.75. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.04. The company has a market cap of $1.46 billion, a PE ratio of 11.06 and a beta of 0.86. The company’s 50-day moving average price is $36.35 and its 200 day moving average price is $35.40.

National Bank (NYSE:NBHC) last issued its quarterly earnings data on Wednesday, April 24th. The financial services provider reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.79 by $0.03. National Bank had a return on equity of 11.20% and a net margin of 22.94%. The business had revenue of $149.43 million during the quarter, compared to analyst estimates of $101.98 million. During the same period in the prior year, the company posted $1.06 EPS. Sell-side analysts anticipate that National Bank will post 3.08 earnings per share for the current year.

National Bank Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, May 31st were given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 2.91%. This is a boost from National Bank’s previous quarterly dividend of $0.27. The ex-dividend date was Friday, May 31st. National Bank’s payout ratio is presently 32.18%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in National Bank by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 4,220,345 shares of the financial services provider’s stock valued at $156,955,000 after acquiring an additional 25,349 shares in the last quarter. Wellington Management Group LLP lifted its position in National Bank by 6.5% in the 4th quarter. Wellington Management Group LLP now owns 3,904,987 shares of the financial services provider’s stock worth $145,226,000 after buying an additional 239,401 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of National Bank by 5.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,678,537 shares of the financial services provider’s stock valued at $62,426,000 after buying an additional 79,519 shares during the period. Westwood Holdings Group Inc. grew its holdings in shares of National Bank by 2.1% during the 1st quarter. Westwood Holdings Group Inc. now owns 935,119 shares of the financial services provider’s stock valued at $33,730,000 after acquiring an additional 19,016 shares in the last quarter. Finally, Kennedy Capital Management LLC increased its stake in shares of National Bank by 13.4% in the third quarter. Kennedy Capital Management LLC now owns 852,359 shares of the financial services provider’s stock worth $25,366,000 after acquiring an additional 100,765 shares during the last quarter. 92.65% of the stock is owned by institutional investors and hedge funds.

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.